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REGISTERED NUMBER: 05107778 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2023

FOR

THAI EMERALD LIMITED

THAI EMERALD LIMITED (REGISTERED NUMBER: 05107778)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THAI EMERALD LIMITED

COMPANY INFORMATION
for the year ended 30 March 2023







DIRECTORS: V Karmakharm
M Boontim





REGISTERED OFFICE: 88 High Street
Evesham
Worcestershire
WR11 4EU





REGISTERED NUMBER: 05107778 (England and Wales)






THAI EMERALD LIMITED (REGISTERED NUMBER: 05107778)

ABRIDGED BALANCE SHEET
30 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220,582 182,302

CURRENT ASSETS
Stocks 13,650 13,300
Debtors 266,724 171,610
Cash at bank and in hand 244,227 573,348
524,601 758,258
CREDITORS
Amounts falling due within one year 494,514 483,077
NET CURRENT ASSETS 30,087 275,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,669

457,483

CREDITORS
Amounts falling due after more than one
year

(67,708

)

(139,681

)

PROVISIONS FOR LIABILITIES (24,330 ) (22,308 )
NET ASSETS 158,631 295,494

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 158,131 294,994
SHAREHOLDERS' FUNDS 158,631 295,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THAI EMERALD LIMITED (REGISTERED NUMBER: 05107778)

ABRIDGED BALANCE SHEET - continued
30 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





M Boontim - Director


THAI EMERALD LIMITED (REGISTERED NUMBER: 05107778)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 March 2023

1. STATUTORY INFORMATION

Thai Emerald Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property and improvements - over the lease term
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance and over the lease term
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

THAI EMERALD LIMITED (REGISTERED NUMBER: 05107778)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2022 - 35 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 31 March 2022 2,060,179
Additions 98,853
At 30 March 2023 2,159,032
DEPRECIATION
At 31 March 2022 1,877,877
Charge for year 60,573
At 30 March 2023 1,938,450
NET BOOK VALUE
At 30 March 2023 220,582
At 30 March 2022 182,302

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 68,475 68,475
Between one and five years 287,500 287,500
In more than five years 197,692 266,167
553,667 622,142

THAI EMERALD LIMITED (REGISTERED NUMBER: 05107778)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 March 2023

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 March 2023 and 30 March 2022:

2023 2022
£    £   
M Boontim
Balance outstanding at start of year 123,420 24,700
Amounts advanced 68,788 98,720
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 192,208 123,420

V Karmakharm
Balance outstanding at start of year - -
Amounts advanced 39,060 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,060 -

7. PENSION COMMITMENTS

As at the year end the employer pensions contribution outstanding totalled £447 (2022; £355)

8. SECURED LIABILITIES

There is a secured charge by way of a debenture in favour of HSBC Bank Plc over the assets in relation to any bank borrowings.