Sung Lung Limited - Filleted accounts

Registered number

06700910

Sung Lung Limited

Unaudited Filleted Accounts

31 January 2026

Sung Lung Limited
Registered number:		06700910
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		71,894			39,825

Current assets
Debtors	4	122,539			108,209
Cash at bank and in hand		18,838			46,752
		141,377			154,961

Creditors: amounts falling due within one year	5	(639,039)			(658,776)

Net current liabilities			(497,662)			(503,815)

Total assets less current liabilities			(425,768)			(463,990)

Creditors: amounts falling due after more than one year	6		70,000			70,000



Net liabilities			(355,768)			(393,990)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(355,868)			(394,090)

Shareholder's funds			(355,768)			(393,990)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




H R Siddique
Director
Approved by the board on 27 October 2026

Sung Lung Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	25% reducing balance
	Equipment	20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			5		5


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2025	8,376		75,259		83,635
	Additions	5,323		48,836		54,159
	Disposals	-		(23,000)		(23,000)
	At 31 January 2026	13,699		101,095		114,794

	Depreciation
	At 1 February 2025	7,225		36,585		43,810
	Charge for the year	1,295		11,900		13,195
	On disposals	-		(14,105)		(14,105)
	At 31 January 2026	8,520		34,380		42,900

	Net book value
	At 31 January 2026	5,179		66,715		71,894
	At 31 January 2025	1,151		38,674		39,825


4	Debtors			2026		2025
£					£

	Trade debtors			118,869		109,888
	VAT debtors			3,670		(1,679)
				122,539		108,209


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			634,434		652,920
	Taxation and social security costs			2,854		2,854
	Other creditors			1,751		3,002
				639,039		658,776


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Private loans			(70,000)		(70,000)


7	Related party transactions

	The debit/credit balance on the director loan account at the year end was £0.00 (2025:£0,00).


8	Controlling party

	The director and sole shareholder is the ultimate controling party.


9	Other information

	Sung Lung Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Quality House
	106 Bowling Back Lane
	Bradford
	West Yorkshire
	BD4 8SX