Company Registration No. 13067502 (England and Wales)
ONZON THAI LIMITED
Unaudited accounts
for the year ended 31 December 2023
ONZON THAI LIMITED
Unaudited accounts
Contents
ONZON THAI LIMITED
Company Information
for the year ended 31 December 2023
Directors
Hugo Slorach
Chanya Slorach
Company Number
13067502 (England and Wales)
Registered Office
15 Dowland Road
Penarth
CF64 3QX
Accountants
Evans Entwistle
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
ONZON THAI LIMITED
for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ONZON THAI LIMITED for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
26 September 2024
ONZON THAI LIMITED
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
562
4
Creditors: amounts falling due within one year
(37,377)
(11,155)
Net current liabilities
(35,614)
(6,734)
Total assets less current liabilities
(17,197)
(6,734)
Provisions for liabilities
Net liabilities
(20,696)
(6,734)
Called up share capital
2
2
Profit and loss account
(20,698)
(6,736)
Shareholders' funds
(20,696)
(6,734)
For the year ending 31 December 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 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 26 September 2024 and were signed on its behalf by
Hugo Slorach
Director
Company Registration No. 13067502
ONZON THAI LIMITED
Notes to the Accounts
for the year ended 31 December 2023
ONZON THAI LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13067502. The registered office is 15 Dowland Road, Penarth, CF64 3QX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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:
Fixtures & fittings
3 Years Straight-line Depreciation
4
Tangible fixed assets
Fixtures & fittings
At 31 December 2023
20,400
At 31 December 2023
18,417
ONZON THAI LIMITED
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
27,446
10,195
Loans from directors
8,971
-
7
Deferred taxation
2023
2022
Accelerated capital allowances
3,499
-
Charged to the profit and loss account
3,499
-
Provision at end of year
3,499
-
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
advances to directors
3,216
-
3,216
-
During the year, the director repaid all interest-free advances back to the company.
10
Transactions with related parties
During the year, the company received interest-free loans from a number of entities under common control. The amount owed to the entities at the balance sheet date was £27,445.58 (2022: £10,196). The loans are repayable on demand and is not secured.
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).