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Registered number: 05643584
Baan Thitiya (Bishop) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Price Mann Limited
Chartered Certified Accountants
Magnolia House, Spring Villa
11 Spring Villa Road
Edgware
HA8 7EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05643584
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 149,667 160,523
149,667 160,523
CURRENT ASSETS
Stocks 6 3,590 4,060
Debtors 7 56,649 78,566
Cash at bank and in hand 119,556 131,180
179,795 213,806
Creditors: Amounts Falling Due Within One Year 8 (109,444 ) (126,598 )
NET CURRENT ASSETS (LIABILITIES) 70,351 87,208
TOTAL ASSETS LESS CURRENT LIABILITIES 220,018 247,731
NET ASSETS 220,018 247,731
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 219,918 247,631
SHAREHOLDERS' FUNDS 220,018 247,731
Page 1
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For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Thitiya Sookphanich
Director
19 May 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Baan Thitiya (Bishop) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05643584 . The registered office is 102 London Road, Bishops Stortford, Hertfordshire, CM23 3DS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold No depreciation applied
Plant & Machinery 15% Reducing Balance Method
Motor Vehicles 20% Reducing Balance Method
Computer Equipment 20% Reducing Balance Method
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 10)
10 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2025 70,000
As at 31 December 2025 70,000
Amortisation
As at 1 January 2025 70,000
As at 31 December 2025 70,000
Net Book Value
As at 31 December 2025 -
As at 1 January 2025 -
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 91,467 119,026 74,271 1,834 286,598
Additions - 1,688 - - 1,688
As at 31 December 2025 91,467 120,714 74,271 1,834 288,286
Depreciation
As at 1 January 2025 - 88,607 36,244 1,224 126,075
Provided during the period - 4,816 7,606 122 12,544
As at 31 December 2025 - 93,423 43,850 1,346 138,619
Net Book Value
As at 31 December 2025 91,467 27,291 30,421 488 149,667
As at 1 January 2025 91,467 30,419 38,027 610 160,523
6. Stocks
2025 2024
£ £
Finished goods 3,590 4,060
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,149 4,726
Other debtors 54,500 73,840
56,649 78,566
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 28,807 34,654
Trade creditors 21,003 16,705
Bank loans and overdrafts 31,415 51,800
BBL 5,273 -
Other creditors 215 5,194
Taxation and social security 22,731 18,245
109,444 126,598
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 28,807 34,654
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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