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REGISTERED NUMBER: 13933284 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

VILLAGE THAI WILLINGDON LTD

VILLAGE THAI WILLINGDON LTD (REGISTERED NUMBER: 13933284)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VILLAGE THAI WILLINGDON LTD

Company Information
for the Year Ended 29 February 2024







DIRECTORS: I Denley
Mrs W Denley





REGISTERED OFFICE: Unit A6 Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 13933284 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

VILLAGE THAI WILLINGDON LTD (REGISTERED NUMBER: 13933284)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 10,000
Tangible assets 5 16,665 21,791
26,665 31,791

CURRENT ASSETS
Stocks 3,500 3,500
Debtors 6 569 420
Cash at bank 84,987 34,412
89,056 38,332
CREDITORS
Amounts falling due within one year 7 52,767 53,895
NET CURRENT ASSETS/(LIABILITIES) 36,289 (15,563 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,954

16,228

PROVISIONS FOR LIABILITIES 3,167 4,140
NET ASSETS 59,787 12,088

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 59,687 11,988
SHAREHOLDERS' FUNDS 59,787 12,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

VILLAGE THAI WILLINGDON LTD (REGISTERED NUMBER: 13933284)

Balance Sheet - continued
29 February 2024


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

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 24 October 2024 and were signed on its behalf by:




I Denley - Director



Mrs W Denley - Director


VILLAGE THAI WILLINGDON LTD (REGISTERED NUMBER: 13933284)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Village Thai Willingdon Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with acquisition of a business in 2022.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

VILLAGE THAI WILLINGDON LTD (REGISTERED NUMBER: 13933284)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 10,000
NET BOOK VALUE
At 29 February 2024 10,000
At 28 February 2023 10,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 March 2023 29,055 - 29,055
Additions - 430 430
At 29 February 2024 29,055 430 29,485
DEPRECIATION
At 1 March 2023 7,264 - 7,264
Charge for year 5,448 108 5,556
At 29 February 2024 12,712 108 12,820
NET BOOK VALUE
At 29 February 2024 16,343 322 16,665
At 28 February 2023 21,791 - 21,791

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 569 420

VILLAGE THAI WILLINGDON LTD (REGISTERED NUMBER: 13933284)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 127 -
Tax 12,529 -
Social security and other taxes 499 330
VAT 11,967 7,371
Directors' current accounts 26,245 44,794
Accrued expenses 1,400 1,400
52,767 53,895

8. CALLED UP SHARE CAPITAL