HANG WON HONG (LEEDS) LIMITED,Ltd - AccountsLtd - Accounts

HANG WON HONG (LEEDS) LIMITED - Company Information

2016-09-01 06988909 2017-08-31 06988909 2016-09-01 2017-08-31 06988909 2016-08-31 06988909 2015-09-01 2016-08-31 06988909 uk-core:WithinOneYear 2016-08-31 06988909 uk-core:WithinOneYear 2017-08-31 06988909 uk-core:AfterOneYear 2016-08-31 06988909 uk-core:AfterOneYear 2017-08-31 06988909 uk-core:ShareCapital 2017-08-31 06988909 uk-core:ShareCapital 2016-08-31 06988909 uk-core:RetainedEarningsAccumulatedLosses 2017-08-31 06988909 uk-core:RetainedEarningsAccumulatedLosses 2016-08-31 06988909 uk-bus:Director1 2016-09-01 2017-08-31 06988909 uk-core:NetGoodwill 2016-09-01 2017-08-31 06988909 uk-core:Buildings 2016-09-01 2017-08-31 06988909 uk-core:PlantMachinery 2016-09-01 2017-08-31 06988909 uk-core:ToolsEquipment 2016-09-01 2017-08-31 06988909 uk-core:CommercialMotorVehicles 2016-09-01 2017-08-31 06988909 uk-core:FurnitureFittings 2016-09-01 2017-08-31 06988909 uk-core:Goodwill 2016-08-31 06988909 uk-core:Goodwill 2017-08-31 06988909 uk-core:Goodwill 2016-09-01 2017-08-31 06988909 uk-core:ToolsEquipment 2016-08-31 06988909 uk-core:FurnitureFittings 2016-08-31 06988909 uk-core:CommercialMotorVehicles 2016-08-31 06988909 uk-core:PlantMachinery 2016-08-31 06988909 uk-core:Buildings 2016-08-31 06988909 uk-core:Buildings 2017-08-31 06988909 uk-core:CommercialMotorVehicles 2017-08-31 06988909 uk-core:FurnitureFittings 2017-08-31 06988909 uk-core:ToolsEquipment 2017-08-31 06988909 uk-core:PlantMachinery 2017-08-31 06988909 uk-core:AdditionsToInvestments 2017-08-31 06988909 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2017-08-31 06988909 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2017-08-31 06988909 uk-core:CostValuation 2017-08-31 06988909 uk-core:Non-currentFinancialInstruments 2017-08-31 06988909 uk-core:AfterOneYear uk-core:Secured 2017-08-31 06988909 uk-core:AfterOneYear uk-core:Secured 2016-08-31 iso4217:GBP 06988909 uk-bus:AuditExemptWithAccountantsReport 2016-09-01 2017-08-31 06988909 uk-bus:FRS102 2016-09-01 2017-08-31 06988909 uk-bus:FullAccounts 2016-09-01 2017-08-31 06988909 uk-bus:PrivateLimitedCompanyLtd 2016-09-01 2017-08-31

HANG WON HONG (LEEDS) LIMITED

Registered Number:06988909

For the year ended 31 August 2017

England and Wales

Unaudited Financial Statements

For the year ended 31 August 2017

HANG WON HONG (LEEDS) LIMITED

Contents Page

Statement of Financial Position

2 to 6

Notes to the Financial Statements

As at 31 August 2017

HANG WON HONG (LEEDS) LIMITED

Statement of Financial Position

Registered Number :

06988909

2016

2017

Notes

Fixed assets

Intangible assets

11,437

22,875

Property, plant and equipment

27,362

44,593

Financial assets

150,000

188,799

67,468

Current assets

Inventories

285,000

280,000

Trade and other receivables

73,665

102,072

162,825

Cash and cash equivalents

17,694

399,766

521,490

Trade and other payables: amounts falling due within one

year

(250,771)

(229,142)

270,719

170,624

Net current assets

Total assets less current liabilities

359,423

338,187

Trade and other payables: amounts falling due after more

than one year

(212,000)

(202,000)

157,423

Net assets

126,187

Capital and reserves

Called up share capital

Retained earnings

157,422

126,186

157,423

126,187

Shareholders' funds

For the year ended 31 August 2017 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 31 August 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

1 of 6

For the year ended 31 August 2017

HANG WON HONG (LEEDS) LIMITED

Statement of Financial Position Continued

MR YOUFENG JIANG Director

These financial statements were approved and authorised for issue by the Board on 08 May 2018 and were signed by:

The notes form part of these financial statements

2 of 6

For the year ended 31 August 2017

HANG WON HONG (LEEDS) LIMITED

Notes to the Financial Statements

Statutory Information

HANG WON HONG (LEEDS) LIMITED is a private limited company, limited by shares, domiciled in England and

Wales, registration number 06988909.

Registered address:

117- 119 VICAR LANE

LEEDS

LS1 6PJ

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 4 years.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Property, plant and equipment

Tangible fixed assets, 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:

Land and buildings

15 Reducing balance

Plant and machinery

Computer equipment

Motor vehicles

Fixtures and fittings

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

3 of 6

For the year ended 31 August 2017

HANG WON HONG (LEEDS) LIMITED

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 September 2016

345,750

At 31 August 2017

345,750

Amortisation

At 01 September 2016

322,875

11,438

Charge for year

At 31 August 2017

334,313

Net book value

At 31 August 2017

11,437

At 31 August 2016

22,875

3. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Motor vehicles

Plant and

machinery

Land and

buildings

Cost or

valuation

At 01 September

2016

162,321

991

91,752

36,660

11,543

21,375

At 31 August

2017

21,375

36,660

91,752

991

162,321

11,543

Provision for depreciation and impairment

At 01 September

2016

117,728

2,961

75,169

12,782

9,300

17,516

Charge for year

18,026

248

9,949

6,482

1,347

Other

adjustments

(795)

At 31 August

2017

134,959

3,209

84,323

19,264

10,647

17,516

At 31 August

2017

Net book value

3,859

896

17,396

7,429

(2,218)

27,362

3,859

2,243

23,878

16,583

(1,970)

44,593

At 31 August

2016

4 of 6

For the year ended 31 August 2017

HANG WON HONG (LEEDS) LIMITED

Notes to the Financial Statements Continued

4. Investments held as fixed assets

Other investments

Total

Cost

150,000

Additions

At 31 August 2017

150,000

At 31 August 2017

Net book value

150,000

5. Inventories

2016

2017

Stocks

280,000

285,000

6. Trade and other receivables

2016

2017

Other debtors

102,072

73,665

The debtors above include the following amounts falling due after more than one year:

Other debtors

63,200

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

2016

2017

Trade creditors

150,805

230,888

Taxation and social security

48,386

19,883

Other creditors

29,951

229,142

250,771

5 of 6

For the year ended 31 August 2017

HANG WON HONG (LEEDS) LIMITED

Notes to the Financial Statements Continued

8. Trade and other payables: amounts falling due after more than one year

2016

2017

Bank loans and overdraft

2,000

12,000

Other creditors

200,000

202,000

212,000

6 of 6