Company Registration No. SC501752 (Scotland)
THAI PHANYA LIMITED
Unaudited accounts
for the year ended 31 March 2024
THAI PHANYA LIMITED
Unaudited accounts
Contents
THAI PHANYA LIMITED
Company Information
for the year ended 31 March 2024
Director
Mr Ritnaret Pookhaphak
Company Number
SC501752 (Scotland)
Registered Office
95-97 NEW ROAD
AYR
KA8 8DD
SCOTLAND
Accountants
Kapook Accountancy
Certified Practising Accountants (ICPA)
94 Caledonian Road
London
N1 9DN
THAI PHANYA LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
657,330
525,650
Cash at bank and in hand
35,513
33,839
Creditors: amounts falling due within one year
(172,673)
(92,898)
Net current liabilities
(134,929)
(55,570)
Total assets less current liabilities
522,401
470,080
Creditors: amounts falling due after more than one year
(116,127)
(129,378)
Net assets
406,274
340,702
Called up share capital
2
2
Profit and loss account
406,272
340,700
Shareholders' funds
406,274
340,702
For the year ending 31 March 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 8 November 2024 and were signed on its behalf by
Mr Ritnaret Pookhaphak
Director
Company Registration No. SC501752
THAI PHANYA LIMITED
Notes to the Accounts
for the year ended 31 March 2024
THAI PHANYA LIMITED is a private company, limited by shares, registered in Scotland, registration number SC501752. The registered office is 95-97 NEW ROAD, AYR, KA8 8DD, SCOTLAND.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance method
Fixtures & fittings
20% reducing balance method
Computer equipment
20% reducing balance method
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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.
THAI PHANYA LIMITED
Notes to the Accounts
for the year ended 31 March 2024
4
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 April 2023
222,411
53,578
445,839
14,103
735,931
Additions
-
59,305
181,105
-
240,410
At 31 March 2024
222,411
112,883
626,944
14,103
976,341
At 1 April 2023
-
27,281
171,801
11,199
210,281
Charge for the year
-
17,120
91,029
581
108,730
At 31 March 2024
-
44,401
262,830
11,780
319,011
At 31 March 2024
222,411
68,482
364,114
2,323
657,330
At 31 March 2023
222,411
26,297
274,038
2,904
525,650
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,728
898
Loans from directors
143,404
92,000
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
116,127
129,378
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).