1 June 2023 false No description of principal activity Taxfiler 2024.6 14116615business:PrivateLimitedCompanyLtd2023-06-012024-05-31 141166152023-05-31 141166152023-06-012024-05-31 14116615business:AuditExemptWithAccountantsReport2023-06-012024-05-31 14116615business:FilletedAccounts2023-06-012024-05-31 141166152024-05-31 14116615business:Director12023-06-012024-05-31 14116615business:RegisteredOffice2023-06-012024-05-31 141166152023-05-31 14116615core:WithinOneYear2024-05-31 14116615core:WithinOneYear2023-05-31 14116615core:AfterOneYear2024-05-31 14116615core:AfterOneYear2023-05-31 14116615core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 14116615core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 14116615core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 14116615core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 14116615core:PreviouslyStatedAmount2024-05-31 14116615core:PreviouslyStatedAmount2023-05-31 14116615business:SmallEntities2023-06-012024-05-31 14116615countries:EnglandWales2023-06-012024-05-31 141166152022-05-182023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 14116615 (England and Wales)
I am Thai Ltd Unaudited accounts for the year ended 31 May 2024
I am Thai Ltd Unaudited accounts Contents
Page
- 2 -
I am Thai Ltd Company Information for the year ended 31 May 2024
Director
Rosjarin Isaksson
Company Number
14116615 (England and Wales)
Registered Office
141 REDDENHILL ROAD TORQUAY TQ1 3NT ENGLAND
Accountants
May Collis Accountants Limited (Association of Accounting Technicians) Jamieson House Balblair, Dingwall Rosshire IV7 8LG
- 3 -
I am Thai Ltd Accountants' report
Accountants' report to the director of I am Thai Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of I am Thai Ltd for the year ended 31 May 2024 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of I am Thai Ltd , as a body, in accordance with the terms of our engagement letter dated 18 May 2022. Our work has been undertaken solely to prepare for your approval the accounts of I am Thai Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than I am Thai Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that I am Thai Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of I am Thai Ltd . You consider that I am Thai Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of I am Thai Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
May Collis Accountants Limited (Association of Accounting Technicians) Jamieson House Balblair, Dingwall Rosshire IV7 8LG 12 February 2025
- 4 -
I am Thai Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
1 
1 
Current assets
Debtors
263 
129 
Cash at bank and in hand
443 
313 
706 
442 
Creditors: amounts falling due within one year
(77,569)
(32,217)
Net current liabilities
(76,863)
(31,775)
Total assets less current liabilities
(76,862)
(31,774)
Creditors: amounts falling due after more than one year
(5,233)
(5,771)
Net liabilities
(82,095)
(37,545)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(82,096)
(37,546)
Shareholders' funds
(82,095)
(37,545)
For the year ending 31 May 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 her 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 12 February 2025 and were signed on its behalf by
Rosjarin Isaksson Director Company Registration No. 14116615
- 5 -
I am Thai Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
I am Thai Ltd is a private company, limited by shares, registered in England and Wales, registration number 14116615. The registered office is 141 REDDENHILL ROAD, TORQUAY, TQ1 3NT, 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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3 
- 
Amounts falling due after more than one year
Accrued income and prepayments
260 
129 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
14 
- 
VAT
33,565 
21,947 
Trade creditors
1,236 
37 
Taxes and social security
(89)
1,269 
Loans from directors
42,843 
3,675 
Accruals
- 
5,289 
77,569 
32,217 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,233 
5,771 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
- 6 -