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Company Registration No. 11289776 (England and Wales)
SIAM NIYOM LIMITED Unaudited accounts for the year ended 30 April 2024
SIAM NIYOM LIMITED Unaudited accounts Contents
Page
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SIAM NIYOM LIMITED Company Information for the year ended 30 April 2024
Director
Mr Tinnakorn Chooseang
Company Number
11289776 (England and Wales)
Registered Office
347 NORWOOD ROAD WEST NORWOOD LONDON SE27 9BQ
Accountants
Kapook Accountancy Certified Practising Accountants (ICPA) 94 Caledonian Road London N1 9DN
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SIAM NIYOM LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
21,539 
22,675 
Tangible assets
30,745 
36,461 
52,284 
59,136 
Current assets
Inventories
1,816 
1,907 
Debtors
53,192 
69,537 
Cash at bank and in hand
13,319 
15,309 
68,327 
86,753 
Creditors: amounts falling due within one year
(22,868)
(33,213)
Net current assets
45,459 
53,540 
Total assets less current liabilities
97,743 
112,676 
Creditors: amounts falling due after more than one year
(97,283)
(112,248)
Net assets
460 
428 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
360 
328 
Shareholders' funds
460 
428 
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 30 September 2024 and were signed on its behalf by
Mr Tinnakorn Chooseang Director Company Registration No. 11289776
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SIAM NIYOM LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
SIAM NIYOM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11289776. The registered office is 347 NORWOOD ROAD, WEST NORWOOD, LONDON, SE27 9BQ.
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.
Turnover
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Land & buildings
20% Reducing Method
Plant & machinery
20% Reducing Method
Fixtures & fittings
20% Reducing Method
Computer equipment
20% Reducing Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. @4% fixed line method.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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SIAM NIYOM LIMITED Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
28,402 
At 30 April 2024
28,402 
Amortisation
At 1 May 2023
5,727 
Charge for the year
1,136 
At 30 April 2024
6,863 
Net book value
At 30 April 2024
21,539 
At 30 April 2023
22,675 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
8,957 
13,237 
53,832 
503 
76,529 
Additions
- 
1,970 
- 
- 
1,970 
At 30 April 2024
8,957 
15,207 
53,832 
503 
78,499 
Depreciation
At 1 May 2023
6,022 
6,459 
27,406 
181 
40,068 
Charge for the year
587 
1,750 
5,285 
64 
7,686 
At 30 April 2024
6,609 
8,209 
32,691 
245 
47,754 
Net book value
At 30 April 2024
2,348 
6,998 
21,141 
258 
30,745 
At 30 April 2023
2,935 
6,778 
26,426 
322 
36,461 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,905 
5,123 
Other debtors
25,829 
33,330 
27,734 
38,453 
Amounts falling due after more than one year
Accrued income and prepayments
6,318 
7,844 
Other debtors
19,140 
23,240 
25,458 
31,084 
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SIAM NIYOM LIMITED Notes to the Accounts for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
19,064 
18,649 
Taxes and social security
3,804 
14,564 
22,868 
33,213 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
87,759 
112,248 
Taxes and social security
9,524 
- 
97,283 
112,248 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Tinnakorn Chooseang
Director Loan
23,240 
- 
4,521 
18,719 
Interest on Loan @2.25%
- 
421 
- 
421 
23,240 
421 
4,521 
19,140 
11
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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