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Company Registration No. 10837507 (England and Wales)
KHAWTHIP LIMITED Unaudited accounts for the year ended 30 June 2024
KHAWTHIP LIMITED Unaudited accounts Contents
Page
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KHAWTHIP LIMITED Company Information for the year ended 30 June 2024
Directors
Mr Anurak To-ngam Miss Thanyalak Sukarom
Company Number
10837507 (England and Wales)
Registered Office
55 GROVE ROAD EASTBOURNE BN21 4TX ENGLAND
Accountants
Kapook Accountancy Certified Practising Accountants (ICPA) 94 Caledonian Road London N1 9DN
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KHAWTHIP LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
25,200 
26,600 
Tangible assets
11,979 
14,930 
37,179 
41,530 
Current assets
Inventories
10,000 
8,000 
Debtors
11,295 
11,467 
Cash at bank and in hand
35,601 
33,653 
56,896 
53,120 
Creditors: amounts falling due within one year
(85,791)
(96,175)
Net current liabilities
(28,895)
(43,055)
Total assets less current liabilities
8,284 
(1,525)
Creditors: amounts falling due after more than one year
(19,167)
(28,464)
Net liabilities
(10,883)
(29,989)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(10,983)
(30,089)
Shareholders' funds
(10,883)
(29,989)
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by
Mr Anurak To-ngam Director Company Registration No. 10837507
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KHAWTHIP LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
KHAWTHIP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10837507. The registered office is 55 GROVE ROAD, EASTBOURNE, BN21 4TX, ENGLAND.
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.
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.
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
25% reducing balance method
Fixtures & fittings
25% reducing balance method
Computer equipment
25% reducing balance method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. (4% Fixed Rate)
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.
Pension costs
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.
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KHAWTHIP LIMITED Notes to the Accounts for the year ended 30 June 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
35,000 
At 30 June 2024
35,000 
Amortisation
At 1 July 2023
8,400 
Charge for the year
1,400 
At 30 June 2024
9,800 
Net book value
At 30 June 2024
25,200 
At 30 June 2023
26,600 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
13,148 
38,408 
7,782 
59,338 
Additions
957 
- 
86 
1,043 
At 30 June 2024
14,105 
38,408 
7,868 
60,381 
Depreciation
At 1 July 2023
8,378 
30,958 
5,072 
44,408 
Charge for the year
1,432 
1,863 
699 
3,994 
At 30 June 2024
9,810 
32,821 
5,771 
48,402 
Net book value
At 30 June 2024
4,295 
5,587 
2,097 
11,979 
At 30 June 2023
4,770 
7,450 
2,710 
14,930 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,545 
2,717 
Amounts falling due after more than one year
Other debtors
8,750 
8,750 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,232 
10,679 
Taxes and social security
376 
123 
Other creditors
5,912 
- 
Loans from directors
65,271 
85,373 
85,791 
96,175 
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KHAWTHIP LIMITED Notes to the Accounts for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,167 
28,464 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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