1 April 2022 false Taxfiler 2023.10.1 SC501752business:PrivateLimitedCompanyLtd2022-04-012023-03-31 SC5017522022-03-31 SC5017522022-04-012023-03-31 SC501752business:AuditExemptWithAccountantsReport2022-04-012023-03-31 SC501752business:FilletedAccounts2022-04-012023-03-31 SC5017522023-03-31 SC501752business:Director12022-04-012023-03-31 SC501752business:RegisteredOffice2022-04-012023-03-31 SC5017522022-03-31 SC501752core:WithinOneYear2023-03-31 SC501752core:WithinOneYear2022-03-31 SC501752core:AfterOneYear2023-03-31 SC501752core:AfterOneYear2022-03-31 SC501752core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC501752core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 SC501752core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC501752core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 SC501752core:PreviouslyStatedAmount2023-03-31 SC501752core:PreviouslyStatedAmount2022-03-31 SC501752business:SmallEntities2022-04-012023-03-31 SC501752countries:Scotland2022-04-012023-03-31 SC501752core:PlantMachinery2022-04-012023-03-31 SC501752core:FurnitureFittings2022-04-012023-03-31 SC501752core:ComputerEquipment2022-04-012023-03-31 SC501752core:LandBuildings2022-03-31 SC501752core:PlantMachinery2022-03-31 SC501752core:FurnitureFittings2022-03-31 SC501752core:ComputerEquipment2022-03-31 SC501752core:LandBuildings2022-04-012023-03-31 SC501752core:LandBuildings2023-03-31 SC501752core:PlantMachinery2023-03-31 SC501752core:FurnitureFittings2023-03-31 SC501752core:ComputerEquipment2023-03-31 SC501752business:OrdinaryShareClass12022-04-012023-03-31 SC501752business:OrdinaryShareClass12021-04-012022-03-31 SC5017522021-04-012022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC501752 (Scotland)
THAI PHANYA LIMITED Unaudited accounts for the year ended 31 March 2023
THAI PHANYA LIMITED Unaudited accounts Contents
Page
- 2 -
THAI PHANYA LIMITED Company Information for the year ended 31 March 2023
Director
Mr Ritnaret Pookhaphak
Company Number
SC501752 (Scotland)
Registered Office
95-97 NEW ROAD AYR KA8 8DD SCOTLAND
Accountants
Kapook Accountancy Certified Practising Accountants (ICPA) 94 Caledonian Road London N1 9DN
- 3 -
THAI PHANYA LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
525,650 
361,445 
Current assets
Inventories
1,067 
2,218 
Debtors
2,422 
20,076 
Cash at bank and in hand
33,839 
65,522 
37,328 
87,816 
Creditors: amounts falling due within one year
(92,898)
(46,069)
Net current (liabilities)/assets
(55,570)
41,747 
Total assets less current liabilities
470,080 
403,192 
Creditors: amounts falling due after more than one year
(129,378)
(37,851)
Net assets
340,702 
365,341 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
340,700 
365,339 
Shareholders' funds
340,702 
365,341 
For the year ending 31 March 2023 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 his 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 14 November 2023 and were signed on its behalf by
Mr Ritnaret Pookhaphak Director Company Registration No. SC501752
- 4 -
THAI PHANYA LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
THAI PHANYA LIMITED is a private company, limited by shares, registered in Scotland, registration number SC501752. The registered office is 95-97 NEW ROAD, AYR, KA8 8DD, SCOTLAND.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance method
Fixtures & fittings
20% reducing balance method
Computer equipment
20% reducing balance method
Stocks
Stocks and work-in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
Pension costs
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.
- 5 -
THAI PHANYA LIMITED Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
222,411 
41,315 
218,173 
14,017 
495,916 
Additions
- 
12,263 
227,666 
86 
240,015 
At 31 March 2023
222,411 
53,578 
445,839 
14,103 
735,931 
Depreciation
At 1 April 2022
- 
20,707 
103,291 
10,473 
134,471 
Charge for the year
- 
6,574 
68,510 
726 
75,810 
At 31 March 2023
- 
27,281 
171,801 
11,199 
210,281 
Net book value
At 31 March 2023
222,411 
26,297 
274,038 
2,904 
525,650 
At 31 March 2022
222,411 
20,608 
114,882 
3,544 
361,445 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,422 
- 
Other debtors
- 
20,076 
2,422 
20,076 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
12,218 
Taxes and social security
898 
33,851 
Loans from directors
92,000 
- 
92,898 
46,069 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
129,378 
37,851 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 9 (2022: 11).
- 6 -