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Company Registration No. 08731707 (England and Wales)
Old Siam Supermarket Ltd Unaudited accounts for the year ended 31 December 2021
Old Siam Supermarket Ltd Unaudited accounts Contents
Page
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Old Siam Supermarket Ltd Company Information for the year ended 31 December 2021
Directors
Julaporn Worayot John Paul Quigley
Company Number
08731707 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS LS6 1PY
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Old Siam Supermarket Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,693 
- 
Current assets
Inventories
38,953 
31,121 
Debtors
963 
100 
Cash at bank and in hand
51,174 
34,469 
91,090 
65,690 
Creditors: amounts falling due within one year
(84,349)
(30,661)
Net current assets
6,741 
35,029 
Total assets less current liabilities
34,434 
35,029 
Creditors: amounts falling due after more than one year
(37,664)
(42,500)
Net liabilities
(3,230)
(7,471)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(3,330)
(7,571)
Shareholders' funds
(3,230)
(7,471)
For the year ending 31 December 2021 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 directors acknowledge their 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 of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by
John Paul Quigley Director Company Registration No. 08731707
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Old Siam Supermarket Ltd Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Old Siam Supermarket Ltd is a private company, limited by shares, registered in England and Wales, registration number 08731707. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Government grants
Government grants in relation to job retention scheme are credited to profit and loss account , whereas those in relation to expenditure are charged to profit and loss. Also, local council grants are received in terms of Covid-19 pandemic are credit to profit and loss account under other operating income, whereas all fixed cost against these are debited in the profit and loss account too.
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:
Inventories
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.
Trading activities are
Wholesalers and retailer of groceries
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Old Siam Supermarket Ltd Notes to the Accounts for the year ended 31 December 2021
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2021
- 
Additions
32,580 
At 31 December 2021
32,580 
Depreciation
Charge for the year
4,887 
At 31 December 2021
4,887 
Net book value
At 31 December 2021
27,693 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
863 
- 
Other debtors
100 
100 
963 
100 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
- 
56 
Trade creditors
28,415 
22,012 
Taxes and social security
1,138 
1,265 
Other creditors
54,796 
7,328 
84,349 
30,661 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
37,664 
42,500 
8
Average number of employees
During the year the average number of employees was 4 (2020: 4).
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