Company Registration No. 10478842 (England and Wales)
Super Happy Wing Limited
Unaudited accounts
for the year ended 31 July 2021
Super Happy Wing Limited
Unaudited accounts
Contents
Super Happy Wing Limited
Company Information
for the year ended 31 July 2021
Directors
Wing Yap
Jia Chai
Company Number
10478842 (England and Wales)
Registered Office
19 HAVELOCK ROAD
SOUTHSEA
PO5 1RU
UNITED KINGDOM
Accountants
K3 Accountants Limited
Barnwood
Trampers Lane
North Boarhunt
Hampshire
PO17 6DG
Super Happy Wing Limited
Statement of financial position
as at 31 July 2021
Intangible assets
1,334,717
1,498,021
Tangible assets
651,502
657,176
Inventories
170,000
170,000
Cash at bank and in hand
433,008
214,248
Creditors: amounts falling due within one year
(780,926)
(877,864)
Net current assets/(liabilities)
145,318
(125,951)
Total assets less current liabilities
2,131,537
2,029,246
Creditors: amounts falling due after more than one year
(1,690,039)
(1,616,051)
Net assets
441,498
413,195
Called up share capital
1
1
Profit and loss account
441,497
413,194
Shareholders' funds
441,498
413,195
For the year ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2022 and were signed on its behalf by
Wing Yap
Director
Company Registration No. 10478842
Super Happy Wing Limited
Notes to the Accounts
for the year ended 31 July 2021
Super Happy Wing Limited is a private company, limited by shares, registered in England and Wales, registration number 10478842. The registered office is 19 HAVELOCK ROAD, SOUTHSEA, PO5 1RU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Motor vehicles
20% on cost
Fixtures & fittings
20% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 August 2020
1,633,037
Charge for the year
163,304
Goodwill is capitalised and is being amortised over its useful life of 10 years.
Super Happy Wing Limited
Notes to the Accounts
for the year ended 31 July 2021
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2020
672,520
15,454
7,000
694,974
Additions
-
15,333
-
15,333
At 31 July 2021
672,520
30,787
7,000
710,307
At 1 August 2020
26,901
6,697
4,200
37,798
Charge for the year
13,450
6,157
1,400
21,007
At 31 July 2021
40,351
12,854
5,600
58,805
At 31 July 2021
632,169
17,933
1,400
651,502
At 31 July 2020
645,619
8,757
2,800
657,176
Finished goods
170,000
170,000
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
7
Debtors: amounts falling due within one year
2021
2020
Trade debtors
236,108
267,877
Accrued income and prepayments
27,333
27,333
8
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
187,869
99,540
Trade creditors
315,804
295,907
Taxes and social security
130,986
122,711
Loans from directors
196,434
359,706
Super Happy Wing Limited
Notes to the Accounts
for the year ended 31 July 2021
9
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
1,690,039
1,616,051
The bank loan is secured by a fixed and floating charge over the company's assets. (floating charge covers all
property or undertaking of the company).
Allotted, called up and fully paid:
1 "A" Ordinary shares of £0.50 each
0.50
0.50
1 "A" Ordinary shares of £0.50 each
0.50
0.50
11
Average number of employees
During the year the average number of employees was 18 (2020: 7).
