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Company Registration No. 08838275 (England and Wales)
Muang Thai 9 Limited Unaudited accounts for the year ended 31 January 2024
Muang Thai 9 Limited Unaudited accounts Contents
Page
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Muang Thai 9 Limited Company Information for the year ended 31 January 2024
Director
Ms Urarat Sookaram
Company Number
08838275 (England and Wales)
Registered Office
71 Chalk Farm Road London NW1 8AN
Accountants
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA
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Muang Thai 9 Limited Accountants' report
Accountants' report to the director of Muang Thai 9 Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Muang Thai 9 Limited for the year ended 31 January 2024 as set out on pages 5 - 8 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 Muang Thai 9 Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Muang Thai 9 Limited 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 Muang Thai 9 Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Muang Thai 9 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Muang Thai 9 Limited. You consider that Muang Thai 9 Limited 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 Muang Thai 9 Limited. 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.
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA 2 October 2024
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Muang Thai 9 Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
250,000 
250,000 
Tangible assets
35,594 
44,492 
285,594 
294,492 
Current assets
Inventories
16,220 
14,246 
Debtors
8,099 
3,722 
Cash at bank and in hand
64,213 
95,919 
88,532 
113,887 
Creditors: amounts falling due within one year
(23,287)
(48,339)
Net current assets
65,245 
65,548 
Total assets less current liabilities
350,839 
360,040 
Creditors: amounts falling due after more than one year
(273,039)
(283,483)
Provisions for liabilities
Deferred tax
(688)
(688)
Net assets
77,112 
75,869 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
77,111 
75,868 
Shareholders' funds
77,112 
75,869 
For the year ending 31 January 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 2 October 2024 and were signed on its behalf by
Ms Urarat Sookaram Director Company Registration No. 08838275
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Muang Thai 9 Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Muang Thai 9 Limited is a private company, limited by shares, registered in England and Wales, registration number 08838275. The registered office is 71 Chalk Farm Road, London, NW1 8AN.
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
20% Reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Muang Thai 9 Limited Notes to the Accounts for the year ended 31 January 2024
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
Going concern
The director is assessing, on a daily basis, the impact of the significant uncertainty arising. Whilst the director appreciates there is a significant uncertainty surrounding the future economic climate, the company is well placed to address these impacts. The director is satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
250,000 
At 31 January 2024
250,000 
Amortisation
At 1 February 2023
- 
At 31 January 2024
- 
Net book value
At 31 January 2024
250,000 
At 31 January 2023
250,000 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
55,914 
51,089 
107,003 
At 31 January 2024
55,914 
51,089 
107,003 
Depreciation
At 1 February 2023
52,293 
10,218 
62,511 
Charge for the year
724 
8,174 
8,898 
At 31 January 2024
53,017 
18,392 
71,409 
Net book value
At 31 January 2024
2,897 
32,697 
35,594 
At 31 January 2023
3,621 
40,871 
44,492 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
525 
434 
Accrued income and prepayments
3,529 
3,288 
Other debtors
4,045 
- 
8,099 
3,722 
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Muang Thai 9 Limited Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,329 
9,364 
Trade creditors
787 
3,498 
Taxes and social security
361 
5,335 
Other creditors
4,921 
9,628 
Loans from directors
8,801 
19,544 
Accruals
88 
970 
23,287 
48,339 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
36,311 
41,552 
Obligations under finance leases and hire purchase contracts
35,425 
40,628 
Other creditors
201,303 
201,303 
273,039 
283,483 
9
Transactions with related parties
Company owes director of £201,303 (2023 - £201,303) as a long term loan repayment with no interest participating.
10
Average number of employees
During the year the average number of employees was 6 (2023: 5).
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