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REGISTERED NUMBER: 08417322 (England and Wales)















THAI 121 LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024






THAI 121 LTD (REGISTERED NUMBER: 08417322)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THAI 121 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







Director: Miss A Somboonkaew





Registered office: 69 High Street
Southgate
London
N14 6LD





Registered number: 08417322 (England and Wales)





Accountants: Rock Tax & Accounting Ltd
69 High Street
Southgate
London
N14 6LD

THAI 121 LTD (REGISTERED NUMBER: 08417322)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £ £ £
Fixed assets
Tangible assets 4 13,915 14,548

Current assets
Stocks 5 12,500 10,000
Debtors 6 32,256 34,955
Cash at bank and in hand 407,028 467,350
451,784 512,305
Creditors
Amounts falling due within one year 7 226,202 444,998
Net current assets 225,582 67,307
Total assets less current liabilities 239,497 81,855

Capital and reserves
Called up share capital 3 3
Retained earnings 239,494 81,852
239,497 81,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





Miss A Somboonkaew - Director


THAI 121 LTD (REGISTERED NUMBER: 08417322)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. Statutory information

THAI 121 LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised.

Financial instruments
The company has entered into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors, creditors and loans to related parties Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is fund, an impairment loss is recognised in the profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

THAI 121 LTD (REGISTERED NUMBER: 08417322)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 14 (2023 - 13 ) .

4. Tangible fixed assets
Fixtures
Improvements and Motor Computer
to property fittings vehicles equipment Totals
£ £ £ £ £
Cost
At 1 March 2023 17,698 48,590 1,825 3,154 71,267
Additions - 3,470 - - 3,470
At 29 February 2024 17,698 52,060 1,825 3,154 74,737
Depreciation
At 1 March 2023 7,964 43,776 1,825 3,154 56,719
Charge for year 885 3,218 - - 4,103
At 29 February 2024 8,849 46,994 1,825 3,154 60,822
Net book value
At 29 February 2024 8,849 5,066 - - 13,915
At 28 February 2023 9,734 4,814 - - 14,548

5. Stocks
29.2.24 28.2.23
£ £
Stocks 12,500 10,000

6. Debtors: amounts falling due within one year
29.2.24 28.2.23
£ £
Other debtors - 4,455
Prepayments and accrued income 32,256 30,500
32,256 34,955

THAI 121 LTD (REGISTERED NUMBER: 08417322)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. Creditors: amounts falling due within one year
29.2.24 28.2.23
£ £
Trade creditors 18,530 820
Taxation and social security 135,566 145,059
Other creditors 72,106 299,119
226,202 444,998

8. Off-balance sheet arrangements

At 29 Feb 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £93,025 (2023: £91,500).

9. Ultimate controlling party

The company is controlled by the shareholders.