Company Registration No. 8988435 (England and Wales)
Wan Fah Sai Limited
Unaudited accounts
for the year ended 31 March 2019
Wan Fah Sai Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Wan Fah Sai Limited for the year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Wan Fah Sai Limited for the year ended
31 March 2019 as set out on pages
3 -
3 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Wan Fah Sai Limited, as a body, in accordance with the terms of our engagement letter dated 10 April 2014. Our work has been undertaken solely to prepare for your approval the accounts of Wan Fah Sai Limited and state those matters that we have agreed to state to the Board of Directors of Wan Fah Sai Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wan Fah Sai Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Wan Fah Sai Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Wan Fah Sai Limited. You consider that Wan Fah Sai Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Wan Fah Sai Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Bunthon Accountancy
Chartered Accountants
Bunthon Limited
74 Orchards Way
Southampton
Hampshire
SO17 1RE
20 February 2020
Wan Fah Sai Limited
Statement of Financial Position
as at
31 March 2019
Current assets
47,765
55,703
Creditors: amounts falling due within one year
(46,058)
(37,008)
Net current assets
1,707
18,695
Total assets less current liabilities
7,722
28,066
Creditors: amounts falling due after more than one year
(17,151)
(30,726)
Net liabilities
(9,429)
(2,660)
Capital and reserves
(9,429)
(2,660)
1 Director's advances, credit and guarantees
The company advanced monies to the director in the previous years. At the balance sheet date, the amount due from the director was £28,493 (2018: 43,456). The company charged interests at 2.5 per cent per annum on the amount due.
2 Average number of employees
During the year the average number of employees was 4 (2018: 4).
For the year ending 31 March 2019 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 in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 17 February 2020
Mrs Wanvipa Koonpan
Director
Company Registration No. 8988435