Tawantong Limited 09403486 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is restauranteur Digita Accounts Production Advanced 6.30.9574.0 true true 09403486 2023-02-01 2024-01-31 09403486 2024-01-31 09403486 bus:OrdinaryShareClass1 2024-01-31 09403486 core:CurrentFinancialInstruments 2024-01-31 09403486 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 09403486 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 09403486 core:OtherPropertyPlantEquipment 2024-01-31 09403486 bus:SmallEntities 2023-02-01 2024-01-31 09403486 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09403486 bus:FilletedAccounts 2023-02-01 2024-01-31 09403486 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09403486 bus:RegisteredOffice 2023-02-01 2024-01-31 09403486 bus:CompanySecretaryDirector1 2023-02-01 2024-01-31 09403486 bus:Director2 2023-02-01 2024-01-31 09403486 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 09403486 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09403486 core:Goodwill 2023-02-01 2024-01-31 09403486 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 09403486 core:PlantMachinery 2023-02-01 2024-01-31 09403486 countries:EnglandWales 2023-02-01 2024-01-31 09403486 2023-01-31 09403486 core:OtherPropertyPlantEquipment 2023-01-31 09403486 2022-02-01 2023-01-31 09403486 2023-01-31 09403486 bus:OrdinaryShareClass1 2023-01-31 09403486 core:CurrentFinancialInstruments 2023-01-31 09403486 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 09403486 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 09403486 core:OtherPropertyPlantEquipment 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09403486

Tawantong Limited

trading as THAI BITES

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2024

 

Tawantong Limited

trading as THAI BITES

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Tawantong Limited

trading as THAI BITES

Company Information

Directors

Mr Siva Khumchuen

Sirima Khumchuen

Company secretary

Mr Siva Khumchuen

Registered office

Charles Rippin & Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

Accountants

Charles Rippin & Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

 

Tawantong Limited

trading as THAI BITES

(Registration number: 09403486)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

45,000

48,000

Tangible assets

5

145,738

129,573

 

190,738

177,573

Current assets

 

Stocks

6

3,625

4,015

Debtors

7

5,317

5,317

 

8,942

9,332

Creditors: Amounts falling due within one year

(87,408)

(82,573)

Net current liabilities

 

(78,466)

(73,241)

Total assets less current liabilities

 

112,272

104,332

Creditors: Amounts falling due after more than one year

(23,897)

(28,116)

Accruals and deferred income

 

(4,410)

(4,200)

Net assets

 

83,965

72,016

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

83,865

71,916

Shareholders' funds

 

83,965

72,016

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Tawantong Limited

trading as THAI BITES

(Registration number: 09403486)
Abridged Balance Sheet as at 31 January 2024

Approved and authorised by the Board on 9 October 2024 and signed on its behalf by:
 

.........................................
Mr Siva Khumchuen
Company secretary and director

 

Tawantong Limited

trading as THAI BITES

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Charles Rippin & Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

These financial statements were authorised for issue by the Board on 9 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Tawantong Limited

trading as THAI BITES

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight line over 20 years

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Tawantong Limited

trading as THAI BITES

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 1).

 

Tawantong Limited

trading as THAI BITES

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

4

Intangible assets

Total
£

Cost or valuation

At 1 February 2023

60,000

At 31 January 2024

60,000

Amortisation

At 1 February 2023

12,000

Amortisation charge

3,000

At 31 January 2024

15,000

Carrying amount

At 31 January 2024

45,000

At 31 January 2023

48,000

5

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

165,557

165,557

Additions

45,623

45,623

At 31 January 2024

211,180

211,180

Depreciation

At 1 February 2023

35,984

35,984

Charge for the year

29,458

29,458

At 31 January 2024

65,442

65,442

Carrying amount

At 31 January 2024

145,738

145,738

At 31 January 2023

129,573

129,573

6

Stocks

2024
£

2023
£

Other inventories

3,625

4,015

 

Tawantong Limited

trading as THAI BITES

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

7

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100