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REGISTERED NUMBER: 14562910 (England and Wales)















Group Strategic Report, Report of the Directors and

Consolidated Financial Statements

for the Period 30 December 2022 to 31 December 2023

for

Bamboo Mart UK Limited

Previously known as
Plant and Bean Group Ltd

Bamboo Mart UK Limited (Registered number: 14562910)






Contents of the Consolidated Financial Statements
for the Period 30 December 2022 to 31 December 2023




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 5

Consolidated Income Statement 9

Consolidated Other Comprehensive Income 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 17


Bamboo Mart UK Limited

Company Information
for the Period 30 December 2022 to 31 December 2023







DIRECTORS: Ms P Chaichatchaval
D Pathomvanich





REGISTERED OFFICE: Unit 7-9
Meridian Trading Estate
Bugsby Way
London
SE7 7SW





REGISTERED NUMBER: 14562910 (England and Wales)





AUDITORS: Thornton Springer LLP
Chartered Accountants and
Statutory Auditor
67 Westow Street
London
SE19 3RW

Bamboo Mart UK Limited (Registered number: 14562910)

Group Strategic Report
for the Period 30 December 2022 to 31 December 2023

The directors present their strategic report for the period ended 31 December 2023.

REVIEW OF BUSINESS

Bamboo Mart UK Limited has 3 subsidiaries; Galalane Limited, Chuanglee Limited and Chuanglee Cash & Carry Limited operating in Oriental Foods industry. Chuanglee Limited operates a warehouse for wholesale of Eastern and Southeastern Asia products to various businesses in the UK. Chuanglee Cash & Carry Limited runs a supermarket for day-to-day walk-in customers offering a variety of foods from Far East Asia.

We are a traditional bricks and mortar business, where welcoming and serving our customers daily continues to be our primary activity and despite the ongoing challenges and what is already recognised as a highly competitive sector, we remain very optimistic for the future.

We remain committed to looking after our customers where a demand for quality, taste, innovation, newness, exclusive, following food trends and having an appreciation for great customer service continues to be a popular activity.

We continue to support our staff as much as possible by conducting regular appraisals. We also work closely with all our stakeholders and adapt quickly to changes in the market, we are confident our position in the sector is secure and continue to build and strengthen our enviable reputation.

Financial Review

Key financial results of the group for the period under review:

1. Turnover for the period was £4.78m.
2. EBITDA for the period was £1.3m.
3. The net assets of the group at the year end were £10.9m.

We have extensively focused on systems and infrastructure during the period with the plans to control costs and increase processing efficiency.

We continue to allocate more resource to strengthen departments and create opportunities for our team through career
progression and professional development.


PRINCIPAL RISKS AND UNCERTAINTIES
In the normal course of business the group will be exposed to the following principal risks and uncertainties:

Credit Risk

The group's credit risk is attributable to its trade debtors, who are all credit checked, before the group engages in business.

These debtors are continuously monitored for a change in credit history, which allows the group to adapt and change rapidly if it deems that the customer may become a risk. This helps to minimise any potential bad debt. The credit control function is continually monitoring the trade debtor's and is constantly chasing debts as they fall due.

The companies have a long standing and strong relationship with its customers thus reducing the credit risk even further.

Liquidity Risk

The group produces cash flow forecasts annually and monitors the forecasts throughout the year. The group also has a five year plan to ensure that the borrowing requirements are reduced as far as possible and therefore reducing the liquidity risk.

Interest Rate Risk

The group has set loan agreements and hire purchase agreements at stated interest rates; therefore it is not affected by interest rate fluctuations.

Bamboo Mart UK Limited (Registered number: 14562910)

Group Strategic Report
for the Period 30 December 2022 to 31 December 2023


ON BEHALF OF THE BOARD:





Ms P Chaichatchaval - Director


26 September 2024

Bamboo Mart UK Limited (Registered number: 14562910)

Report of the Directors
for the Period 30 December 2022 to 31 December 2023

The directors present their report with the financial statements of the company and the group for the period 30 December 2022 to 31 December 2023.

INCORPORATION
The group was incorporated on 30 December 2022 and passed a special resolution on 7 February 2024 changing its name from Plant and Bean Group Ltd to Bamboo Mart UK Limited.

DIVIDENDS
No dividends will be distributed for the period ended 31 December 2023.

DIRECTORS
The directors who have held office during the period from 30 December 2022 to the date of this report are as follows:

Ms P Chaichatchaval - appointed 29 May 2023
D Pathomvanich - appointed 30 December 2022
Ms K Apichote - appointed 29 May 2023 - resigned 23 September 2023

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Thornton Springer LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Ms P Chaichatchaval - Director


26 September 2024

Report of the Independent Auditors to the Members of
Bamboo Mart UK Limited

Opinion
We have audited the financial statements of Bamboo Mart UK Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 December 2023 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2023 and of the group's profit for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Bamboo Mart UK Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Bamboo Mart UK Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Based on our understanding of the group and the industry in which it operates, we identified that the principal risks of non-compliance with relevant laws and regulations. Non-compliance with these laws and regulations might have a material effect on the financial statements.

We evaluated management's incentives and opportunity for fraudulent manipulation of the financial statement (including the risk of override of controls) and determined that the principal risks were posting of unusual journal entries outside the normal course of business and revenue recognition journal entries to manipulate the group's performance profit measures and other key performance indicators.

Audit procedures performed included: review of the financial statements and disclosures to underlying supporting documentation, review of compliance with the laws and regulations, enquiries with management, testing of journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

Under ISA 240 (UK) there is a presumed risk that revenue may be misstated due to the improper recognition of revenue. To address this risk, we obtained an understanding of the group's revenue recognition policies and compared these to the accounting standard, performed a walkthrough to confirm our understanding of the processes and controls through which the business initiates, records, processes and reports revenue transactions. We tested a sample of revenue transactions to supporting evidence and tested, on a sample basis, revenue related balances in the balance sheet.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Bamboo Mart UK Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Zahid Saleem FCCA ACA MBA (Senior Statutory Auditor)
for and on behalf of Thornton Springer LLP
Chartered Accountants and
Statutory Auditor
67 Westow Street
London
SE19 3RW

26 September 2024

Bamboo Mart UK Limited (Registered number: 14562910)

Consolidated Income Statement
for the Period 30 December 2022 to 31 December 2023

Notes £   

TURNOVER 4 4,778,826

Cost of sales (3,701,299 )
GROSS PROFIT 1,077,527

Administrative expenses (773,580 )
303,947

Other operating income 1,355
OPERATING PROFIT 6 305,302

Interest receivable and similar income 731,948
1,037,250

Interest payable and similar expenses 7 (706,505 )
PROFIT BEFORE TAXATION 330,745

Tax on profit 8 (312,894 )
PROFIT FOR THE FINANCIAL PERIOD 17,851
Profit attributable to:
Owners of the parent (34,280 )
Non-controlling interests 52,131
17,851

Bamboo Mart UK Limited (Registered number: 14562910)

Consolidated Other Comprehensive Income
for the Period 30 December 2022 to 31 December 2023

Notes £   

PROFIT FOR THE PERIOD 17,851


OTHER COMPREHENSIVE INCOME -
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD

17,851

Total comprehensive income attributable to:
Owners of the parent (34,280 )
Non-controlling interests 52,131
17,851

Bamboo Mart UK Limited (Registered number: 14562910)

Consolidated Balance Sheet
31 December 2023

Notes £   
FIXED ASSETS
Intangible assets 10 11,001,767
Tangible assets 11 277,764
Investments 12 -
11,279,531

CURRENT ASSETS
Stocks 13 2,131,537
Debtors 14 2,006,355
Cash at bank and in hand 514,548
4,652,440
CREDITORS
Amounts falling due within one year 15 (4,610,827 )
NET CURRENT ASSETS 41,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,321,144

CREDITORS
Amounts falling due after more than one
year

16

(249,398

)

PROVISIONS FOR LIABILITIES 20 (129,400 )
NET ASSETS 10,942,346

CAPITAL AND RESERVES
Called up share capital 21 10,561,973
Retained earnings 22 (34,280 )
SHAREHOLDERS' FUNDS 10,527,693

NON-CONTROLLING INTERESTS 23 414,653
TOTAL EQUITY 10,942,346

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





Ms P Chaichatchaval - Director


Bamboo Mart UK Limited (Registered number: 14562910)

Company Balance Sheet
31 December 2023

Notes £   
FIXED ASSETS
Intangible assets 10 -
Tangible assets 11 -
Investments 12 12,057,931
12,057,931

CURRENT ASSETS
Debtors 14 100

CREDITORS
Amounts falling due within one year 15 (1,436,580 )
NET CURRENT LIABILITIES (1,436,480 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,621,451

CAPITAL AND RESERVES
Called up share capital 21 10,561,973
Retained earnings 22 59,478
SHAREHOLDERS' FUNDS 10,621,451

Company's profit for the financial year 59,478

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





Ms P Chaichatchaval - Director


Bamboo Mart UK Limited (Registered number: 14562910)

Consolidated Statement of Changes in Equity
for the Period 30 December 2022 to 31 December 2023

Called up
share Retained Non-controlling Total
capital earnings Total interests equity
£    £    £    £    £   

Changes in equity
Issue of share capital 10,561,973 - 10,561,973 - 10,561,973
Total comprehensive income - (34,280 ) (34,280 ) 52,131 17,851
10,561,973 (34,280 ) 10,527,693 52,131 10,579,824
Non-controlling interest arising on
business combination

-

-

-

362,522

362,522
Balance at 31 December 2023 10,561,973 (34,280 ) 10,527,693 414,653 10,942,346

Bamboo Mart UK Limited (Registered number: 14562910)

Company Statement of Changes in Equity
for the Period 30 December 2022 to 31 December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 10,561,973 - 10,561,973
Total comprehensive income - 59,478 59,478
Balance at 31 December 2023 10,561,973 59,478 10,621,451

Bamboo Mart UK Limited (Registered number: 14562910)

Consolidated Cash Flow Statement
for the Period 30 December 2022 to 31 December 2023

Notes £   
Cash flows from operating activities
Cash generated from operations 1 1,127,864
Interest paid (703,028 )
Interest element of hire purchase payments
paid

(3,477

)
Net cash from operating activities 421,359

Cash flows from investing activities
Purchase of intangible fixed assets (11,273,809 )
Purchase of tangible fixed assets (277,969 )
Interest received 731,948
Net cash from investing activities (10,819,830 )

Cash flows from financing activities
Capital repayments in year 351,146
Share issue 10,561,873
Net cash from financing activities 10,913,019

Increase in cash and cash equivalents 514,548
Cash and cash equivalents at beginning of
period

2

-

Cash and cash equivalents at end of
period

2

514,548

Bamboo Mart UK Limited (Registered number: 14562910)

Notes to the Consolidated Cash Flow Statement
for the Period 30 December 2022 to 31 December 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
£   
Profit before taxation 330,745
Depreciation charges 285,618
Finance costs 706,505
Finance income (731,948 )
590,920
Increase in stocks (2,131,537 )
Increase in trade and other debtors (1,971,948 )
Increase in trade and other creditors 4,640,429
Cash generated from operations 1,127,864

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 31 December 2023
31.12.23 30.12.22
£    £   
Cash and cash equivalents 514,548 -


3. ANALYSIS OF CHANGES IN NET FUNDS

At 30.12.22 Cash flow At 31.12.23
£    £    £   
Net cash
Cash at bank and in hand - 514,548 514,548
- 514,548 514,548
Debt
Finance leases - (125,738 ) (125,738 )
Debts falling due within 1 year - (81,749 ) (81,749 )
Debts falling due after 1 year - (143,659 ) (143,659 )
- (351,146 ) (351,146 )
Total - 163,402 163,402

Bamboo Mart UK Limited (Registered number: 14562910)

Notes to the Consolidated Financial Statements
for the Period 30 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

Bamboo Mart UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Basis of consolidation
The consolidated financial statements incorporate the financial statements of Bamboo Mart UK Limited and its subsidiary undertakings made up to the year end date. The group profit and loss accounts includes the results of the subsidiary undertakings for the period from the date of their acquisition and up to the date of disposal.

Turnover and profits arising on trading between group companies are excluded.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the balance sheet date and the amounts reported for revenue and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

Depreciation of fixed assets

Depreciation is provided so as to write down the assets to their residual values over their estimated useful lives as set out above. The selection of these residual values and estimated lives requires the exercise of management judgement.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Goodwill
Goodwill arising on acquisition of subsidiaries undertakings is the difference between the fair value of the consideration paid and the fair value of the assets and liabilities acquired. Goodwill is capitalised and amortised through the profit and loss account over the directors' estimate of its useful economic life which ranges from 5 to 10 years.

Bamboo Mart UK Limited (Registered number: 14562910)

Notes to the Consolidated Financial Statements - continued
for the Period 30 December 2022 to 31 December 2023

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - over the period of the lease
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance and 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs incurred in bringing stock to its present location and condition, including any import costs, duties and carriage.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Bamboo Mart UK Limited (Registered number: 14562910)

Notes to the Consolidated Financial Statements - continued
for the Period 30 December 2022 to 31 December 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
The group has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances and intra-group balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at cost and amortised cost are assessed for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

For financial assets measured at amortised costs, the impairment loss is measured as the difference between the asset's carrying amount and the present value of the estimated cash flow discounted at the asset's original effective interest rate.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, bank overdraft, intra-group balances and hire purchase contracts, are initially recognised at transaction price, unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, and, if applicable, other short-term highly liquid investments with original maturities of three months or less.

4. TURNOVER

The total turnover of the company has been derived from its principal activity wholly undertaken in the UK.

5. EMPLOYEES AND DIRECTORS
£   
Wages and salaries 423,550
Social security costs 24,817
448,367

The average number of employees during the period was as follows:

Directors 4
Management and operations 44
48

The average number of employees by undertakings that were proportionately consolidated during the period was 48 .

Bamboo Mart UK Limited (Registered number: 14562910)

Notes to the Consolidated Financial Statements - continued
for the Period 30 December 2022 to 31 December 2023

5. EMPLOYEES AND DIRECTORS - continued

£   
Directors' remuneration -

No retirement benefits are accruing for any directors.

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

£   
Hire of plant and machinery 6,759
Depreciation - owned assets 6,037
Depreciation - assets on hire purchase contracts 7,744
Goodwill amortisation 272,042
Auditors' remuneration 28,504
Foreign exchange differences (20,061 )

7. INTEREST PAYABLE AND SIMILAR EXPENSES
£   
Loan interest payable 697,111
Invoice finance charges 4,966
Interest on overdue taxation 951
Hire purchase 3,477
706,505

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
£   
Current tax:
UK corporation tax 183,494

Deferred tax 129,400
Tax on profit 312,894

Bamboo Mart UK Limited (Registered number: 14562910)

Notes to the Consolidated Financial Statements - continued
for the Period 30 December 2022 to 31 December 2023

8. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the period is higher than the standard rate of corporation tax in the UK. The difference is explained below:

£   
Profit before tax 330,745
Profit multiplied by the standard rate of corporation tax in the UK of 25 % 82,686

Effects of:
Depreciation in excess of capital allowances 18,834
Utilisation of tax losses 81,974
Deferred tax 129,400
Total tax charge 312,894

9. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


10. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
Additions 11,273,809
At 31 December 2023 11,273,809
AMORTISATION
Amortisation for period 272,042
At 31 December 2023 272,042
NET BOOK VALUE
At 31 December 2023 11,001,767

On 10/10/2023 the group acquired 75% share capital of Galalane Limited and its subsidiary undertakings which gave rise to goodwill amounting to £11,273,809.

Bamboo Mart UK Limited (Registered number: 14562910)

Notes to the Consolidated Financial Statements - continued
for the Period 30 December 2022 to 31 December 2023

11. TANGIBLE FIXED ASSETS

Group
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
Additions - - -
At acquisition 47,386 170,185 173,289
At 31 December 2023 47,386 170,185 173,289
DEPRECIATION
Charge for period - - 1,290
At acquisition 47,386 170,185 153,438
At 31 December 2023 47,386 170,185 154,728
NET BOOK VALUE
At 31 December 2023 - - 18,561

Motor Computer
vehicles equipment Totals
£    £    £   
COST
Additions 261,287 16,682 277,969
At acquisition 94,559 2,638 488,057
At 31 December 2023 355,846 19,320 766,026
DEPRECIATION
Charge for period 12,286 205 13,781
At acquisition 100,491 2,981 474,481
At 31 December 2023 112,777 3,186 488,262
NET BOOK VALUE
At 31 December 2023 243,069 16,134 277,764

Bamboo Mart UK Limited (Registered number: 14562910)

Notes to the Consolidated Financial Statements - continued
for the Period 30 December 2022 to 31 December 2023

11. TANGIBLE FIXED ASSETS - continued

Group

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 226,837
At 31 December 2023 226,837
DEPRECIATION
Charge for period 7,744
At 31 December 2023 7,744
NET BOOK VALUE
At 31 December 2023 219,093

12. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertaking
£   
COST
Additions 12,057,931
At 31 December 2023 12,057,931
NET BOOK VALUE
At 31 December 2023 12,057,931

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Name of company Country of Proportion of Principal
incorporation shares held activity

Galalane Limited England & Wales 75% Holding company
Chuanglee Limited* England & Wales 75% Wholesale of Oriental foods
Chuanglee Cash & Carry Limited* England & Wales 75% Retail store of Oriental foods


* Held by subsidiary undertakings


Bamboo Mart UK Limited (Registered number: 14562910)

Notes to the Consolidated Financial Statements - continued
for the Period 30 December 2022 to 31 December 2023

13. STOCKS


Group
£   
Finished goods 2,131,537

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


Group Company
£    £   
Trade debtors 1,909,323 -
Other debtors 6,156 -
VAT 34,406 -
Called up share capital not paid 100 100
Prepayments and accrued income 56,370 -
2,006,355 100

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


Group Company
£    £   
Bank loans and overdrafts (see note 17) 25,131 -
Other loans (see note 17) 56,618 -
Hire purchase contracts (see note 18) 19,999 -
Trade creditors 1,859,749 -
Amounts owed to group undertakings 1,707,970 1,429,680
Tax 441,885 -
Social security and other taxes 96,825 -
Other creditors 48,870 -
Accruals and deferred income 353,780 6,900
4,610,827 1,436,580

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR


Group
£   
Bank loans (see note 17) 36,022
Other loans (see note 17) 107,637
Hire purchase contracts (see note 18) 105,739
249,398

Bamboo Mart UK Limited (Registered number: 14562910)

Notes to the Consolidated Financial Statements - continued
for the Period 30 December 2022 to 31 December 2023

17. LOANS

An analysis of the maturity of loans is given below:


Group
£   
Amounts falling due within one year or on demand:
Bank loans 25,131
Other loans 56,618
81,749
Amounts falling due between one and two years:
Bank loans - 1-2 years 25,131
Other loans - 1-2 years 24,000
49,131
Amounts falling due between two and five years:
Bank loans - 2-5 years 10,891
Other loans - 2-5 years 83,637
94,528

18. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire
purchase
contracts
£   
Net obligations repayable:
Within one year 19,999
Between one and five years 105,739
125,738

Group
Non- cancellable operating leases
£   
Within one year 766,730
Between one and five years 2,012,611
2,779,341

Bamboo Mart UK Limited (Registered number: 14562910)

Notes to the Consolidated Financial Statements - continued
for the Period 30 December 2022 to 31 December 2023

19. SECURED DEBTS

The following secured debts are included within creditors:


Group
£   
Hire purchase contracts 125,738

The confidential invoice discounting creditor included within other creditors totalling £34,155 is secured on the individual trade debtors to which it relates.

There is a cross guarantee between Galalane Limited and its subsidiaries undertakings. This is a fixed and floating charge over the undertaking and all assets present and future, including benefits of any licences.

Amounts owing on hire purchase contracts are secured on the individual assets to which they relate.

20. PROVISIONS FOR LIABILITIES


Group
£   
Deferred tax 129,400

Group
Deferred
tax
£   
Provided during period 129,400
Balance at 31 December 2023 129,400

21. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal
value: £   
10,561,973 Share capital 1 £1 10,561,973

10,561,873 Ordinary shares of £1 each were allotted at par during the period.

22. RESERVES

Group
Retained
earnings
£   

Deficit for the period (34,280 )
At 31 December 2023 (34,280 )

Bamboo Mart UK Limited (Registered number: 14562910)

Notes to the Consolidated Financial Statements - continued
for the Period 30 December 2022 to 31 December 2023

22. RESERVES - continued

Company
Retained
earnings
£   

Profit for the period 59,478
At 31 December 2023 59,478


23. NON-CONTROLLING INTERESTS

Total
£
At acquisition 362,522
Share of profit in the year 52,131
Balance at 31 December 2023 414,653

24. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

During the period sales amounted to £171,154 were made to companies under common control of which £16,077 were outstanding at the year end.

25. ULTIMATE CONTROLLING PARTY

Mr. D Pathomvanich and Ms. P Chaichatchaval are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.

The ultimate parent company is NR Instant Produce Public Company Limited, a company registered in Thailand (Largest group).