2023-03-012024-02-292024-02-29false10598976AB SPICE 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AB SPICE LTD

Registered Number
10598976
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

AB SPICE LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

Jamal Miah

Registered Address

385 High Street
West Bromwich
B70 9QW

Registered Number

10598976 (England and Wales)
AB SPICE LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets312,88716,109
12,88716,109
Current assets
Stocks13,9835,870
Debtors41,0231,058
Cash at bank and on hand5,1833,252
20,18910,180
Creditors amounts falling due within one year5(38,120)(22,465)
Net current assets (liabilities)(17,931)(12,285)
Total assets less current liabilities(5,044)3,824
Net assets(5,044)3,824
Capital and reserves
Called up share capital100100
Profit and loss account(5,144)3,724
Shareholders' funds(5,044)3,824
The financial statements were approved and authorised for issue by the Director on 23 August 2024, and are signed on its behalf by:
Jamal Miah
Director
Registered Company No. 10598976
AB SPICE LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year56
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 2328,922
At 29 February 2428,922
Depreciation and impairment
At 01 March 2312,813
Charge for year3,222
At 29 February 2416,035
Net book value
At 29 February 2412,887
At 28 February 2316,109
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables283455
Other debtors740603
Total1,0231,058
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security11,02310,091
Other creditors27,09712,374
Total38,12022,465