3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07637360 2023-06-01 2024-05-31 07637360 2024-05-31 07637360 2023-05-31 07637360 2022-06-01 2023-05-31 07637360 2023-05-31 07637360 2022-05-31 07637360 core:FurnitureFittings 2023-06-01 2024-05-31 07637360 core:MotorVehicles 2023-06-01 2024-05-31 07637360 bus:Director1 2023-06-01 2024-05-31 07637360 core:WithinOneYear 2024-05-31 07637360 core:WithinOneYear 2023-05-31 07637360 core:FurnitureFittings 2023-05-31 07637360 core:MotorVehicles 2023-05-31 07637360 core:FurnitureFittings 2024-05-31 07637360 core:MotorVehicles 2024-05-31 07637360 core:ShareCapital 2024-05-31 07637360 core:ShareCapital 2023-05-31 07637360 core:RetainedEarningsAccumulatedLosses 2024-05-31 07637360 core:RetainedEarningsAccumulatedLosses 2023-05-31 07637360 core:FurnitureFittings 2023-05-31 07637360 core:MotorVehicles 2023-05-31 07637360 bus:SmallEntities 2023-06-01 2024-05-31 07637360 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07637360 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07637360 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07637360 bus:FullAccounts 2023-06-01 2024-05-31 07637360 core:PlantMachinery 2023-06-01 2024-05-31 07637360 core:PlantMachinery 2024-05-31 07637360 core:PlantMachinery 2023-05-31
COMPANY REGISTRATION NUMBER: 07637360
SPICY TANDOORI LIMITED
Filleted Unaudited Financial Statements
31 May 2024
SPICY TANDOORI LIMITED
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
696
820
Current assets
Stocks
600
830
Debtors
6
274
Cash at bank and in hand
6,356
2,328
-------
-------
6,956
3,432
Creditors: amounts falling due within one year
7
1,393
6,273
-------
-------
Net current assets/(liabilities)
5,563
( 2,841)
-------
-------
Total assets less current liabilities
6,259
( 2,021)
-------
-------
Net assets/(liabilities)
6,259
( 2,021)
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
6,159
( 2,121)
-------
-------
Shareholders funds/(deficit)
6,259
( 2,021)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SPICY TANDOORI LIMITED
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 12 August 2024 , and are signed on behalf of the board by:
A Hussen
Director
Company registration number: 07637360
SPICY TANDOORI LIMITED
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 220 Whaddon Way, Bletchley, Milton Keynes, MK3 7DE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
15% reducing balance
Motor Vehicle
-
25% reducing balance
Equipment
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 June 2023 and 31 May 2024
1,150
675
4,472
6,297
-------
----
-------
-------
Depreciation
At 1 June 2023
987
654
3,836
5,477
Charge for the year
24
5
95
124
-------
----
-------
-------
At 31 May 2024
1,011
659
3,931
5,601
-------
----
-------
-------
Carrying amount
At 31 May 2024
139
16
541
696
-------
----
-------
-------
At 31 May 2023
163
21
636
820
-------
----
-------
-------
6. Debtors
2024
2023
£
£
Corporation tax repayable
274
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,393
1,273
Other creditors
5,000
-------
-------
1,393
6,273
-------
-------