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REGISTERED NUMBER: 07371993 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

RAFI'S SPICEBOX LIMITED

RAFI'S SPICEBOX LIMITED (REGISTERED NUMBER: 07371993)






Contents of the Financial Statements
for the year ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAFI'S SPICEBOX LIMITED

Company Information
for the year ended 31 December 2021







DIRECTOR: K Fernandez





REGISTERED OFFICE: 17 Goodramgate
York
YO1 7LW





REGISTERED NUMBER: 07371993 (England and Wales)





ACCOUNTANTS: Jones & Co
Wellington House
Aviator Court
Clifton Moor
York
YO30 4UZ

RAFI'S SPICEBOX LIMITED (REGISTERED NUMBER: 07371993)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,000 29,000
Tangible assets 5 21,578 12,128
38,578 41,128

CURRENT ASSETS
Stocks 77,036 65,917
Debtors 6 136,736 137,928
Cash at bank and in hand 139,998 156,121
353,770 359,966
CREDITORS
Amounts falling due within one year 7 211,209 244,199
NET CURRENT ASSETS 142,561 115,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,139

156,895

CREDITORS
Amounts falling due after more than one
year

8

234,167

250,000
NET LIABILITIES (53,028 ) (93,105 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (54,028 ) (94,105 )
(53,028 ) (93,105 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RAFI'S SPICEBOX LIMITED (REGISTERED NUMBER: 07371993)

Balance Sheet - continued
31 December 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2022 and were signed by:





K Fernandez - Director


RAFI'S SPICEBOX LIMITED (REGISTERED NUMBER: 07371993)

Notes to the Financial Statements
for the year ended 31 December 2021

1. STATUTORY INFORMATION

Rafi's Spicebox 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

RAFI'S SPICEBOX LIMITED (REGISTERED NUMBER: 07371993)

Notes to the Financial Statements - continued
for the year ended 31 December 2021

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 46 (2020 - 43 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 120,000
AMORTISATION
At 1 January 2021 91,000
Charge for year 12,000
At 31 December 2021 103,000
NET BOOK VALUE
At 31 December 2021 17,000
At 31 December 2020 29,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2021 68,884 12,800 35,032 116,716
Additions 10,412 - 3,481 13,893
At 31 December 2021 79,296 12,800 38,513 130,609
DEPRECIATION
At 1 January 2021 57,188 12,800 34,600 104,588
Charge for year 3,567 - 876 4,443
At 31 December 2021 60,755 12,800 35,476 109,031
NET BOOK VALUE
At 31 December 2021 18,541 - 3,037 21,578
At 31 December 2020 11,696 - 432 12,128

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 122,786 116,453
Other debtors 13,950 21,475
136,736 137,928

RAFI'S SPICEBOX LIMITED (REGISTERED NUMBER: 07371993)

Notes to the Financial Statements - continued
for the year ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 10,000 -
Trade creditors 82,667 77,375
Taxation and social security 9,848 10,258
Other creditors 108,694 156,566
211,209 244,199

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 34,167 50,000
Other creditors 200,000 200,000
234,167 250,000