Thai Village Restaurant and Bar Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12027182 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2021

for

Thai Village Restaurant and Bar Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTOR:

Mrs N Mason

SECRETARY:

REGISTERED OFFICE:

22 Grange Road

Ramsgate

Kent

CT11 9LR

REGISTERED NUMBER:

12027182 (England and Wales)

ACCOUNTANTS:

Adlam Accountancy Services

22 Grange Road

Ramsgate

Kent

CT11 9LR

FIXED ASSETS

Tangible assets

4

8,539

8,817

CURRENT ASSETS

Stocks

5

3,250

2,400

Cash at bank and in hand

1,856

2,567

5,106

4,967

CREDITORS

Amounts falling due within one year

6

12,891

16,067

NET CURRENT LIABILITIES

(7,785

)

(11,100

)

TOTAL ASSETS LESS CURRENT LIABILITIES

754

(2,283

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

753

(2,284

)

SHAREHOLDERS' FUNDS

754

(2,283

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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 22 February 2022 and were signed by:

Mrs N Mason - Director

1.	STATUTORY INFORMATION

Thai Village Restaurant and Bar Limited 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.

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 each asset over its estimated useful life.

Improvements to property

-

15% on reducing balance

Kitchen Equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Kitchen

and

Motor

property

Equipment

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 June 2020

4,050

3,180

1,420

1,500

10,150

Additions

-

1,228

-

-

1,228

At 31 May 2021

4,050

4,408

1,420

1,500

11,378

DEPRECIATION

At 1 June 2020

455

358

160

360

1,333

Charge for year

539

607

189

171

1,506

At 31 May 2021

994

965

349

531

2,839

NET BOOK VALUE

At 31 May 2021

3,056

3,443

1,071

969

8,539

At 31 May 2020

3,595

2,822

1,260

1,140

8,817

5.

STOCKS

31.5.21

31.5.20

£

£

Stocks

3,250

2,400

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Business Grant

-

10,000

Corporation Tax

253

-

Social security and other taxes

36

-

Directors' current accounts

10,905

4,751

Accrued expenses

1,697

1,316

12,891

16,067

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.21

31.5.20

value:

£

£

1

ordinary

£1

1

1

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2021 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Adlam Accountancy Services

22 Grange Road

Ramsgate

Kent

CT11 9LR

Date: .............................................