Registered number
13500519
No.1 Thai Wellness Ltd
Filleted Accounts
31 July 2024
No.1 Thai Wellness Ltd
Registered number: 13500519
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 659 775
Current assets
Stocks 754 2,722
Debtors 4 25 300
Cash at bank and in hand 12,765 13,966
13,544 16,988
Creditors: amounts falling due within one year 5 (1,835) (3,274)
Net current assets 11,709 13,714
Total assets less current liabilities 12,368 14,489
Provisions for liabilities (125) (147)
Net assets 12,243 14,342
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,143 14,242
Shareholders' funds 12,243 14,342
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Kaninthanond
Director
Approved by the board on 13 November 2024
No.1 Thai Wellness Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of goods.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets as follows:
Fixtures, fittings and equipment 15% reducing balance
Stocks
The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 849
At 31 July 2024 849
Depreciation
At 1 August 2023 74
Charge for the year 116
At 31 July 2024 190
Net book value
At 31 July 2024 659
At 31 July 2023 775
4 Debtors 2024 2023
£ £
Other debtors 25 300
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,014 1,008
Taxation and social security costs 196 978
Other creditors 625 1,288
1,835 3,274
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
C Kaninthanond
710 (4,978) 4,647 379
S Thamkhammun
577 (3,277) 2,946 246
1,287 (8,255) 7,593 625
7 Controlling party
The company is controlled by its directors.
8 Other information
No.1 Thai Wellness Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
County Durham
DH9 0DQ
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