| Guangwai Ltd |
| Registered number: |
07979745 |
| Balance Sheet |
| as at 31 March 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,426 |
|
|
2,963 |
|
| Current assets |
| Stocks |
|
|
2,150 |
|
|
2,400 |
| Debtors |
3 |
|
1,469 |
|
|
1,652 |
| Cash at bank and in hand |
|
|
10,992 |
|
|
8,132 |
|
|
|
14,611 |
|
|
12,184 |
|
| Creditors: amounts falling due within one year |
4 |
|
(16,554) |
|
|
(10,348) |
|
| Net current (liabilities)/assets |
|
|
|
(1,943) |
|
|
1,836 |
|
| Net assets |
|
|
|
483 |
|
|
4,799 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
383 |
|
|
4,699 |
|
| Shareholder's funds |
|
|
|
483 |
|
|
4,799 |
|
|
|
|
|
|
|
|
| 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 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. |
|
|
|
|
| Z Yang |
| Director |
| Approved by the board on 23 October 2017 |
|
| Guangwai Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2017 |
|
|
| 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. |
|
|
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: |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
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. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2016 |
6,100 |
|
Additions |
270 |
|
At 31 March 2017 |
6,370 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2016 |
3,137 |
|
Charge for the year |
807 |
|
At 31 March 2017 |
3,944 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
2,426 |
|
At 31 March 2016 |
2,963 |
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Other debtors |
1,469 |
|
1,652 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade creditors |
710 |
|
413 |
|
Other taxes and social security costs |
1,709 |
|
1,872 |
|
Director's loan account |
11,531 |
|
6,272 |
|
Other creditors |
2,604 |
|
1,791 |
|
|
|
|
|
|
16,554 |
|
10,348 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
Guangwai Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
69 Bond Street |
|
Blackpool |
|
FY4 1BW |
