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Registered number: 10442360
London Spice Company Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Lake & Co
Chartered Accountants
25a Kenton Park Parade
Kenton
Harrow
HA3 8DN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10442360
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 6,872 11,422
Debtors 6 2,811 3,724
Cash at bank and in hand 12,961 9,480
22,644 24,626
Creditors: Amounts Falling Due Within One Year 7 (16,846 ) (15,403 )
NET CURRENT ASSETS (LIABILITIES) 5,798 9,223
TOTAL ASSETS LESS CURRENT LIABILITIES 5,798 9,223
Creditors: Amounts Falling Due After More Than One Year 8 (5,482 ) (8,425 )
NET ASSETS 316 798
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 315 797
SHAREHOLDERS' FUNDS 316 798
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr Sandeep Raithatha
Director
29/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
London Spice Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10442360 . The registered office is 2 Woodhall Avenue, Pinner, Middlesex, HA5 3DX.
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. Going Concern Disclosure
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period
2.3. 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.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are initially measured at cost. After initial recognisition, intengible assets are measured at cost less accumulated amortisation and any impairment losses.

Patent and licences are being amortised evenly over their estimated useful life of five years.
2.5. 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:
2023 2022
Office and administration 2 2
2 2
4. Intangible Assets
Other
£
Cost
As at 1 November 2022 510
As at 31 October 2023 510
Amortisation
As at 1 November 2022 510
As at 31 October 2023 510
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 October 2023 -
As at 1 November 2022 -
5. Stocks
2023 2022
£ £
Materials 6,872 11,422
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,811 3,724
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 3,000 3,000
Corporation tax - 339
VAT 479 380
Directors' loan accounts 13,367 11,684
16,846 15,403
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 5,482 8,425
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4