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Company Registration No. 11531181 (England and Wales)
IM THAI LTD Unaudited accounts for the year ended 30 April 2024
IM THAI LTD Unaudited accounts Contents
Page
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IM THAI LTD Company Information for the year ended 30 April 2024
Director
Prasit SAWANGSUK
Company Number
11531181 (England and Wales)
Registered Office
14 BLATCHINGTON ROAD HOVE EAST SUSSEX BN3 3YN UNITED KINGDOM
Accountants
May Collis Accountants Limited (Association of Accounting Technicians) Jamieson House Balblair, Dingwall Rosshire IV7 8LG
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IM THAI LTD Accountants' report
Accountants' report to the director of IM THAI LTD on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of IM THAI LTD for the year ended 30 April 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 IM THAI LTD, as a body, in accordance with the terms of our engagement letter dated 2 May 2022. Our work has been undertaken solely to prepare for your approval the accounts of IM 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 IM THAI LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that IM 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 IM THAI LTD. You consider that IM 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 IM 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 9 October 2024
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IM THAI LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,097 
15,182 
Current assets
Inventories
3,637 
- 
Debtors
1,472 
1,057 
Cash at bank and in hand
278 
(2,207)
5,387 
(1,150)
Creditors: amounts falling due within one year
(126,685)
(91,674)
Net current liabilities
(121,298)
(92,824)
Net liabilities
(109,201)
(77,642)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(109,203)
(77,644)
Shareholders' funds
(109,201)
(77,642)
For the year ending 30 April 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 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 9 October 2024 and were signed on its behalf by
Prasit SAWANGSUK Director Company Registration No. 11531181
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IM THAI LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
IM THAI LTD is a private company, limited by shares, registered in England and Wales, registration number 11531181. The registered office is 14 BLATCHINGTON ROAD, HOVE, EAST SUSSEX, BN3 3YN, UNITED KINGDOM.
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:
Fixtures & fittings
20% reducing balance
Computer equipment
30% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
23,200 
2,280 
25,480 
At 30 April 2024
23,200 
2,280 
25,480 
Depreciation
At 1 May 2023
8,508 
1,790 
10,298 
Charge for the year
2,938 
147 
3,085 
At 30 April 2024
11,446 
1,937 
13,383 
Net book value
At 30 April 2024
11,754 
343 
12,097 
At 30 April 2023
14,692 
490 
15,182 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,472 
1,057 
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IM THAI LTD Notes to the Accounts for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
56,884 
55,783 
VAT
48,475 
8,053 
Trade creditors
14,639 
12,132 
Taxes and social security
6,687 
3,110 
Loans from directors
- 
12,596 
126,685 
91,674 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares-Prasit SAWANGSUK of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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