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REGISTERED NUMBER: SC236617 (Scotland)




















Wong's Chinese Restaurant Limited

Unaudited Financial Statements

for the Year Ended 30 September 2017





Wong's Chinese Restaurant Limited (Registered number: SC236617)






Contents of the Financial Statements
for the Year Ended 30 September 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Wong's Chinese Restaurant Limited

Company Information
for the Year Ended 30 September 2017







DIRECTOR: Mr D K H Wong



SECRETARY: Mrs R X T Wong



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
EH3 6AS



REGISTERED NUMBER: SC236617 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AS



BANKERS: The Royal Bank of Scotland
Edinburgh West End Office
142 - 144 Princes Street
Edinburgh
EH2 4EQ
Wong's Chinese Restaurant Limited (Registered number: SC236617)

Balance Sheet
30 September 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 579 1,229

CURRENT ASSETS
Stocks 2,680 2,680
Debtors 5 1,306 2,082
Cash at bank and in hand 18,649 22,750
22,635 27,512
CREDITORS
Amounts falling due within one year 6 22,568 28,526
NET CURRENT ASSETS/(LIABILITIES) 67 (1,014 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

646

215

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 546 115
SHAREHOLDERS' FUNDS 646 215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.
Wong's Chinese Restaurant Limited (Registered number: SC236617)

Balance Sheet - continued
30 September 2017


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 December 2017 and were signed by:





Mr D K H Wong - Director

Wong's Chinese Restaurant Limited (Registered number: SC236617)

Notes to the Financial Statements
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

Wong's Chinese Restaurant Limited is a private company, limited by shares , registered in Scotland.
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 and revenue recognition
Turnover, which represents net invoiced sales of goods exclusive of value added tax, is recognised
at the point when a meal is served or delivered to the customer.

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 cost, 20% on cost and 10% on cost

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

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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 have been
enacted or substantively enacted by the balance sheet date.

Wong's Chinese Restaurant Limited (Registered number: SC236617)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2016
and 30 September 2017 91,301
DEPRECIATION
At 1 October 2016 90,072
Charge for year 650
At 30 September 2017 90,722
NET BOOK VALUE
At 30 September 2017 579
At 30 September 2016 1,229
Wong's Chinese Restaurant Limited (Registered number: SC236617)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 1,306 2,082

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 3,344 5,359
Taxation and social security 13,525 13,136
Other creditors 5,699 10,031
22,568 28,526

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended
30 September 2017 and 30 September 2016:

2017 2016
£    £   
Mr D K H Wong
Balance outstanding at start of year 564 2,868
Amounts advanced 8,010 7,246
Amounts repaid (10,564 ) (9,550 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,990 ) 564

8. FIRST YEAR ADOPTION

In preparing the accounts, the director has considered whether in applying the accounting policies
required by FRS 102 a restatement of comparative items was needed. No restatements were
required. Accordingly, no reconciliation of opening balances or net income/(expenditure) for the
period has been prepared.

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