Seaton Chinese Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11867164 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Seaton Chinese Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms X Xie

S Huang

REGISTERED OFFICE:

The Coach House

1 Howard Road

Reigate

Surrey

RH2 7JE

REGISTERED NUMBER:

11867164 (England and Wales)

ACCOUNTANTS:

ACL & Co

Chartered Certified Accountants

The Coach House

North Building

1 Howard Road

Reigate

Surrey

RH2 7JE

FIXED ASSETS

Intangible assets

4

18,000

21,000

Tangible assets

5

3,379

4,506

21,379

25,506

CURRENT ASSETS

Stocks

500

500

Cash at bank and in hand

8,883

11,221

9,383

11,721

CREDITORS

Amounts falling due within one year

6

13,125

12,569

NET CURRENT LIABILITIES

(3,742

)

(848

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,637

24,658

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

17,537

24,558

17,637

24,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:

Ms X Xie - Director

S Huang - Director

1.	STATUTORY INFORMATION

Seaton Chinese Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

30,000

AMORTISATION

At 1 April 2022

9,000

Charge for year

3,000

At 31 March 2023

12,000

NET BOOK VALUE

At 31 March 2023

18,000

At 31 March 2022

21,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

9,702

DEPRECIATION

At 1 April 2022

5,196

Charge for year

1,127

At 31 March 2023

6,323

NET BOOK VALUE

At 31 March 2023

3,379

At 31 March 2022

4,506

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Tax

3,896

6,163

Social security and other taxes

(387

)

(387

)

VAT

4,180

2,887

Directors' current accounts

2,146

1,976

Accrued expenses

3,290

1,930

13,125

12,569