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Registered number: 11489540
Thai Massage Central Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Terra Finance Ltd
Castle Court
41 London Road
Reigate
Surrey
RH2 9RJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11489540
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,932 3,233
3,932 3,233
CURRENT ASSETS
Debtors 5 34,937 1,321
Cash at bank and in hand 13,113 26,950
48,050 28,271
Creditors: Amounts Falling Due Within One Year 6 (65,236 ) (36,084 )
NET CURRENT ASSETS (LIABILITIES) (17,186 ) (7,813 )
TOTAL ASSETS LESS CURRENT LIABILITIES (13,254 ) (4,580 )
Creditors: Amounts Falling Due After More Than One Year 7 - (17,360 )
NET LIABILITIES (13,254 ) (21,940 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (13,354 ) (22,040 )
SHAREHOLDERS' FUNDS (13,254) (21,940)
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Jumriang Mendis
Director
11th April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Thai Massage Central Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11489540 . The registered office is 56 Theobalds Road , London, WC1X 8SF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Computer Equipment 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 4)
3 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 4,706 2,482 7,188
Additions 2,010 - 2,010
As at 31 July 2023 6,716 2,482 9,198
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 August 2022 2,610 1,345 3,955
Provided during the period 1,027 284 1,311
As at 31 July 2023 3,637 1,629 5,266
Net Book Value
As at 31 July 2023 3,079 853 3,932
As at 1 August 2022 2,096 1,137 3,233
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 34,813 -
Other taxes and social security 124 28
Net wages - 1,293
34,937 1,321
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 18,914 -
Other creditors 19,755 9,744
Accruals and deferred income 1,200 -
Director's loan account 25,367 26,340
65,236 36,084
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - 17,360
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4