Company registration number 14159782 (England and Wales)
LEOMINSTER SPICE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023
LEOMINSTER SPICE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LEOMINSTER SPICE LIMITED
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
- 1 -
2023
Notes
£
£
Fixed assets
Tangible assets
3
2,777
Current assets
Stocks
2,538
Debtors
4
752
Cash at bank and in hand
4,530
7,820
Creditors: amounts falling due within one year
5
(9,408)
Net current liabilities
(1,588)
Net assets
1,189
Capital and reserves
Called up share capital
1
Profit and loss reserves
1,188
Total equity
1,189

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 19 February 2024
Md Nurul Islam
Director
Company registration number 14159782 (England and Wales)
LEOMINSTER SPICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

Leominster Spice Limited is a private company limited by shares incorporated in England and Wales. The registered office is 52 West Street, Leominster, United Kingdom, HR6 8EU.

1.1
Reporting period

The reporting period is from 8 June 2022 to 30 June 2023. This ties in with the date of incorporation of the company.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

These financial statements for the period ended 30 June 2023 are the first financial statements of Leominster Spice Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was . The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services

provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair

value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
18% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

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

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

LEOMINSTER SPICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
Number
Total
5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 8 June 2022
-
0
Additions
3,387
At 30 June 2023
3,387
Depreciation and impairment
At 8 June 2022
-
0
Depreciation charged in the period
610
At 30 June 2023
610
Carrying amount
At 30 June 2023
2,777
4
Debtors
2023
Amounts falling due within one year:
£
Trade debtors
605
Other debtors
147
752
LEOMINSTER SPICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
£
Trade creditors
880
Corporation tax
506
Other taxation and social security
2,480
Other creditors
5,542
9,408
6
Ultimate Controlling Party

The ultimate controlling party is Md Nurul Islam

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