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UK ASIA DIRECT LTD - Company Information

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UK Asia Direct Ltd

Registered Number:12670419

For the year ended 30 June 2023

England and Wales

Unaudited Financial Statements

For the year ended 30 June 2023

UK Asia Direct Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

12670419

As at 30 June 2023

UK Asia Direct Ltd

Statement of Financial Position

2022

2023

Notes

Fixed assets

Property, plant and equipment

3,530

509

3,530

509

Current assets

Inventories

30,940

116,464

Trade and other receivables

5,020

6,788

9,902

Cash and cash equivalents

3,445

126,697

45,862

Trade and other payables: amounts falling due within one

year

(40,320)

(174,134)

5,542

(47,437)

Net current liabilities

Total assets less current liabilities

(43,907)

6,051

(43,907)

Net assets/liabilities

6,051

Capital and reserves

Called up share capital

200

Share premium account

60,101

Retained earnings

(104,208)

(54,250)

(43,907)

6,051

Shareholders' funds

For the year ended 30 June 2023 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 2023 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his 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 25 April 2024 and were signed by:

The notes form part of these financial statements

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For the year ended 30 June 2023

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 and Office 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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For the year ended 30 June 2023

UK Asia Direct Ltd

Notes to the Financial Statements Continued

2. Property, plant and equipment

Computer and

Office

equipment

Cost or

valuation

At 01 July 2022

582

3,619

Additions

At 30 June 2023

4,201

Provision for depreciation and impairment

At 01 July 2022

Charge for year

598

At 30 June 2023

671

At 30 June 2023

Net book value

3,530

At 30 June 2022

509

3. Inventories

2022

2023

Stocks

116,464

30,940

4. Trade and other receivables

2022

2023

Trade debtors

1,503

2,023

Other debtors

5,285

2,997

5,020

6,788

5. Trade and other payables: amounts falling due within one year

2022

2023

Trade creditors

3,879

2,090

Taxation and social security

8,622

1,062

Other creditors

161,633

37,168

174,134

40,320

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For the year ended 30 June 2023

UK Asia Direct Ltd

Notes to the Financial Statements Continued

6. Average number of persons employed

During the year the average number of employees was 1 (2022 : 1)

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