Wen Concepts Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07057173 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2013

for

Wen Concepts Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ms Loretta WY Liu

T Hoh

Seong Teik Yeoh

REGISTERED OFFICE:

Apartment 45

Oyster Wharf

18 Lombard Road

LONDON

London

SW11 3RR

REGISTERED NUMBER:

07057173 (England and Wales)

ACCOUNTANTS:

WONG LANGE & CO.

Chartered Certified & Management Accountants

29-30 Frith Street

London

W1D 5LG

FIXED ASSETS

Tangible assets

2

17,267

20,359

CURRENT ASSETS

Debtors

9,455

18,273

Cash at bank and in hand

3,856

5,861

13,311

24,134

CREDITORS

Amounts falling due within one year

76,061

90,279

NET CURRENT LIABILITIES

(62,750

)

(66,145

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(45,483

)

(45,786

)

CREDITORS

Amounts falling due after more than one year

35,000

35,000

NET LIABILITIES

(80,483

)

(80,786

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(80,484

)

(80,787

)

SHAREHOLDERS' FUNDS

(80,483

)

(80,786

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 October 2014 and were signed on its behalf by:

Ms Loretta WY Liu - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

and 31 October 2013

29,779

DEPRECIATION

At 1 November 2012

9,420

Charge for year

3,092

At 31 October 2013

12,512

NET BOOK VALUE

At 31 October 2013

17,267

At 31 October 2012

20,359

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.13

31.10.12

value:

£

£

100

Ordinary Share Capital

0.01

1

1

4.	GOING CONCERN