Registered number
11887312
Spice Merchant Mutley Ltd
Filleted Accounts
31 March 2023
Spice Merchant Mutley Ltd
Registered number: 11887312
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,646 2,469
Current assets
Stocks 2,375 2,025
Cash at bank and in hand 26,478 56,915
28,853 58,940
Creditors: amounts falling due within one year 4 (13,505) (19,726)
Net current assets 15,348 39,214
Net assets 16,994 41,683
Capital and reserves
Called up share capital 1 1
Profit and loss account 16,993 41,682
Shareholder's funds 16,994 41,683
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S H Kobir
Director
Approved by the board on 16 September 2023
Spice Merchant Mutley Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover includes revenue earned from the sale of goods and from the rendering of services, net of discounts and value added taxes.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 - 3,292 - 3,292
At 31 March 2023 - 3,292 - 3,292
Depreciation
At 1 April 2022 - 823 - 823
Charge for the year - 823 - 823
At 31 March 2023 - 1,646 - 1,646
Net book value
At 31 March 2023 - 1,646 - 1,646
At 31 March 2022 - 2,469 - 2,469
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 3,934
Taxation and social security costs 9,556 14,347
Other creditors 3,949 1,445
13,505 19,726
5 Other information
Spice Merchant Mutley Ltd is a private company limited by shares and incorporated in England. Its registered office is:
77 Hyde Park Road
Plymouth
Devon
PL3 4JN
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