UK Asia Direct Ltd,Ltd - AccountsLtd - Accounts

UK Asia Direct Ltd,Ltd - AccountsLtd - Accounts

UK ASIA DIRECT LTD - Company Information

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2021-07-01 12670419 2022-06-30 12670419 2021-07-01 2022-06-30 12670419 2021-06-30 12670419 2020-06-15 2021-06-30 12670419 uk-core:WithinOneYear 2021-06-30 12670419 uk-core:WithinOneYear 2022-06-30 12670419 uk-core:ShareCapital 2022-06-30 12670419 uk-core:ShareCapital 2021-06-30 12670419 uk-core:SharePremium 2022-06-30 12670419 uk-core:SharePremium 2021-06-30 12670419 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 12670419 uk-core:RetainedEarningsAccumulatedLosses 2021-06-30 12670419 uk-bus:Director1 2021-07-01 2022-06-30 12670419 uk-core:ComputerEquipment 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure 12670419 uk-bus:AuditExemptWithAccountantsReport 2021-07-01 2022-06-30 12670419 uk-bus:FRS102 2021-07-01 2022-06-30 12670419 uk-bus:FullAccounts 2021-07-01 2022-06-30 12670419 uk-bus:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30
UK Asia Direct Ltd
Registered Number:12670419
For the year ended 30 June 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2022
UK Asia Direct Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12670419
As at 30 June 2022
UK Asia Direct Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
509
-
2
509
-
Current assets
Inventories
8,300
30,940
3
Trade and other receivables
-
5,020
4
2
Cash and cash equivalents
9,902
45,862
8,302
Trade and other payables: amounts falling due within one
year
(23,186)
(40,320)
5
(14,884)
5,542
Net current assets
Total assets less current liabilities
6,051
(14,884)
6,051
Net assets/liabilities
(14,884)
Capital and reserves
Called up share capital
200
200
Share premium account
60,101
-
Retained earnings
(54,250)
(15,084)
6,051
(14,884)
Shareholders' funds
For the year ended 30 June 2022 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 of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
I Goad Director
These financial statements were approved and authorised for issue by the Board on 31 May 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2022
UK Asia Direct Ltd
Notes to the Financial Statements
Statutory Information
UK Asia Direct Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 12670419.
Registered address:
Unit 10B
East Park Trading Estate
Gordon Rd
Bristol
BS5 7DR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
12.5 Straight line
Computer Equipment
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
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5
For the year ended 30 June 2022
UK Asia Direct Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
582
Additions
At 30 June 2022
582
Provision for depreciation and impairment
Charge for year
73
At 30 June 2022
73
At 30 June 2022
Net book value
509
3. Inventories
2021
2022
£
£
Stocks
30,940
8,300
4. Trade and other receivables
2021
2022
£
£
Trade debtors
2,023
-
Other debtors
2,997
-
-
5,020
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
2,090
-
Taxation and social security
1,062
-
Other creditors
37,168
23,186
40,320
23,186
6. Average number of persons employed
During the year the average number of employees was 1 (2021 : 1)
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