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
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
SIAM NIYOM LIMITED
Statement of financial position
as at 30 April 2024
Intangible assets
21,539
22,675
Tangible assets
30,745
36,461
Cash at bank and in hand
13,319
15,309
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)
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
SIAM NIYOM LIMITED
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation. @4% fixed line method.
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.
SIAM NIYOM LIMITED
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill
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
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
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
Amounts falling due within one year
Other debtors
25,829
33,330
Amounts falling due after more than one year
Accrued income and prepayments
6,318
7,844
Other debtors
19,140
23,240
SIAM NIYOM LIMITED
Notes to the Accounts
for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,804
14,564
8
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
9,524
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan
23,240
-
4,521
18,719
Interest on Loan @2.25%
-
421
-
421
11
Average number of employees
During the year the average number of employees was 5 (2023: 5).