J Cheung Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 06065122 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

J CHEUNG LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Cheung

SECRETARY:

T Lobo

REGISTERED OFFICE:

26 Aspen Place

Bushey Heath

Hertfordshire

WD23 1FW

REGISTERED NUMBER:

06065122 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Tangible assets

4

1,360

1,814

CURRENT ASSETS

Debtors

5

6,059

4,257

Cash at bank

91,074

65,453

97,133

69,710

CREDITORS

Amounts falling due within one year

6

15,525

8,267

NET CURRENT ASSETS

81,608

61,443

TOTAL ASSETS LESS CURRENT LIABILITIES

82,968

63,257

PROVISIONS FOR LIABILITIES

254

340

NET ASSETS

82,714

62,917

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

82,713

62,916

SHAREHOLDERS' FUNDS

82,714

62,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 21 June 2017 and were signed by:

J Cheung - Director

1.	STATUTORY INFORMATION

J Cheung Limited 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 the provisions of Section 1A "Small Entities" 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 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2016

and 31 March 2017

3,900

DEPRECIATION

At 1 April 2016

2,086

Charge for year

454

At 31 March 2017

2,540

NET BOOK VALUE

At 31 March 2017

1,360

At 31 March 2016

1,814

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

2,880

2,940

Other debtors

179

117

Prepayments and accrued income

3,000

1,200

6,059

4,257

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

8,725

2,695

VAT

4,566

3,417

Directors' current accounts

374

415

Accruals and deferred income

1,860

1,740

15,525

8,267

7.	RELATED PARTY DISCLOSURES

Included in other creditors is £374 (2016: £415) due to J Cheung, the director of the company.The loan is

interest free and there are no set terms for repayment.

During the year dividends of £10,500 (2016: £37,000) were paid to director of the company.