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Company Registration No. 14105536 (England and Wales)
THAI BY THAI LTD Unaudited accounts for the year ended 31 May 2024
THAI BY THAI LTD Unaudited accounts Contents
Page
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THAI BY THAI LTD Company Information for the year ended 31 May 2024
Director
Sirikorn Jones
Company Number
14105536 (England and Wales)
Registered Office
17 ALYN ROAD GWERSYLLT WREXHAM LL11 4HU WALES
Accountants
May Collis Accountants Limited (Association of Accounting Technicians) Jamieson House Balblair, Dingwall Rosshire IV7 8LG
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THAI BY THAI LTD Accountants' report
Accountants' report to the director of THAI BY THAI LTD on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of THAI BY THAI LTD for the year ended 31 May 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of THAI BY THAI LTD, as a body, in accordance with the terms of our engagement letter dated 13 May 2022. Our work has been undertaken solely to prepare for your approval the accounts of THAI BY THAI LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THAI BY THAI LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that THAI BY THAI LTD 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 THAI BY THAI LTD. You consider that THAI BY THAI LTD 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 THAI BY THAI LTD. 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.
May Collis Accountants Limited (Association of Accounting Technicians) Jamieson House Balblair, Dingwall Rosshire IV7 8LG 22 September 2024
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THAI BY THAI LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
1 
1 
Fixed assets
Tangible assets
7,376 
6,743 
Current assets
Inventories
4,968 
1,468 
Debtors
9,902 
2,144 
Cash at bank and in hand
35,560 
12,512 
50,430 
16,124 
Creditors: amounts falling due within one year
(31,547)
5,586 
Net current assets
18,883 
21,710 
Total assets less current liabilities
26,260 
28,454 
Creditors: amounts falling due after more than one year
(54,183)
(25,354)
Net (liabilities)/assets
(27,923)
3,100 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(27,924)
3,099 
Shareholders' funds
(27,923)
3,100 
For the year ending 31 May 2024 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 22 September 2024 and were signed on its behalf by
Sirikorn Jones Director Company Registration No. 14105536
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THAI BY THAI LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
THAI BY THAI LTD is a private company, limited by shares, registered in England and Wales, registration number 14105536. The registered office is 17 ALYN ROAD, GWERSYLLT, WREXHAM, LL11 4HU, WALES.
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.
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:
Plant & machinery
Straight line method over 2 year useful life
Fixtures & fittings
Straight line method over 2 year useful life
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
7,236 
6,250 
13,486 
Additions
5,694 
6,712 
12,406 
At 31 May 2024
12,930 
12,962 
25,892 
Depreciation
At 1 June 2023
3,618 
3,125 
6,743 
Charge for the year
6,143 
5,630 
11,773 
At 31 May 2024
9,761 
8,755 
18,516 
Net book value
At 31 May 2024
3,169 
4,207 
7,376 
At 31 May 2023
3,618 
3,125 
6,743 
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THAI BY THAI LTD Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
33 
300 
Accrued income and prepayments
5,280 
1,844 
5,313 
2,144 
Amounts falling due after more than one year
Accrued income and prepayments
4,589 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
62,091 
29,703 
Trade creditors
3 
1,764 
Taxes and social security
7,653 
9,869 
Loans from directors
(39,324)
(48,081)
Accruals
1,124 
1,159 
31,547 
(5,586)
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
54,183 
25,354 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Sirikorn Jones
Director advances, credit and guarantees
48,081 
- 
8,757 
39,324 
48,081 
- 
8,757 
39,324 
9
Average number of employees
During the year the average number of employees was 15 (2023: 11).
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