Company Registration No. 10754255 (England and Wales)
Bold Dragon Ltd
Unaudited accounts
for the year ended 31 July 2022
Bold Dragon Ltd
Unaudited accounts
Contents
Bold Dragon Ltd
Company Information
for the year ended 31 July 2022
Company Number
10754255 (England and Wales)
Registered Office
Alliance House
29 - 30 High Holborn
London
WC1V 6AZ
United Kingdom
Accountants
Tuite Tang Wong
Chartered Certified Accountants
Alliance House
2nd floor 29-30 High Holborn
London
WC1V 6AZ
Bold Dragon Ltd
Statement of financial position
as at 31 July 2022
Tangible assets
215,372
257,354
Cash at bank and in hand
445,899
118,826
Creditors: amounts falling due within one year
(538,358)
(408,444)
Net current liabilities
(36,286)
(192,886)
Total assets less current liabilities
179,086
64,468
Creditors: amounts falling due after more than one year
(32,806)
(42,892)
Called up share capital
150
150
Profit and loss account
146,130
21,426
Shareholders' funds
146,280
21,576
For the year ending 31 July 2022 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 July 2023 and were signed on its behalf by
Yin Yin Chen
Director
Company Registration No. 10754255
Bold Dragon Ltd
Notes to the Accounts
for the year ended 31 July 2022
Bold Dragon Ltd is a private company, limited by shares, registered in England and Wales, registration number 10754255. The registered office is Alliance House, 29 - 30 High Holborn, London, WC1V 6AZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over the remaining term of the lease
Fixtures & fittings
15% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The Financial statements have been prepared on a going concern basis. The director believes that the company can successfully manage its business risks and it is appropriate to continue to adopt the going concern basis in preparing the annual report and accounts.
Bold Dragon Ltd
Notes to the Accounts
for the year ended 31 July 2022
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2021
7,950
298,332
306,282
Disposals
-
(10,000)
(10,000)
At 31 July 2022
7,950
292,960
300,910
At 1 August 2021
2,650
46,278
48,928
Charge for the year
883
37,227
38,110
On disposals
-
(1,500)
(1,500)
At 31 July 2022
3,533
82,005
85,538
At 31 July 2022
4,417
210,955
215,372
At 31 July 2021
5,300
252,054
257,354
Amounts falling due within one year
Accrued income and prepayments
34,159
690
Other debtors
3,761
84,542
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Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
9,696
7,108
Trade creditors
86,203
69,563
Taxes and social security
23,320
6,501
Other creditors
162,034
152,639
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Creditors: amounts falling due after more than one year
2022
2021
8
Transactions with related parties
At the year end, the outstanding amount due from beneficial owners of the company was £3,761.48 (2021: 19,038.52).
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Average number of employees
During the year the average number of employees was 20 (2021: 16).