Acorah Software Products - Accounts Production 15.0.600 false true false 1 January 2023 31 December 2023 31 December 2023 5660412 Ms ANNA GOMEZ-CABALLERO iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5660412 2022-12-31 5660412 2023-12-31 5660412 2023-01-01 2023-12-31 5660412 frs-core:CurrentFinancialInstruments 2023-12-31 5660412 frs-core:PlantMachinery 2023-12-31 5660412 frs-core:PlantMachinery 2023-01-01 2023-12-31 5660412 frs-core:PlantMachinery 2022-12-31 5660412 frs-core:ShareCapital 2023-12-31 5660412 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 5660412 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 5660412 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 5660412 frs-bus:SmallEntities 2023-01-01 2023-12-31 5660412 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 5660412 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 5660412 frs-bus:Director1 2023-01-01 2023-12-31 5660412 frs-countries:EnglandWales 2023-01-01 2023-12-31
Registered number: 5660412
FLAVOURS OF SPAIN LTD
Unaudited Financial Statements
For The Year Ended 31 December 2023
GRAEME M PIKE LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 5660412
2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 21,423
21,423
CURRENT ASSETS
Stocks 5 7,101
Debtors 6 5,088
Cash at bank and in hand 38,999
51,188
Creditors: Amounts Falling Due Within One Year 7 (31,744 )
NET CURRENT ASSETS (LIABILITIES) 19,444
TOTAL ASSETS LESS CURRENT LIABILITIES 40,867
NET ASSETS 40,867
CAPITAL AND RESERVES
Called up share capital 8 2
Profit and Loss Account 40,865
SHAREHOLDERS' FUNDS 40,867
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms ANNA GOMEZ-CABALLERO
Director
24/09/2024
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
FLAVOURS OF SPAIN LTD is a private company, limited by shares, incorporated in England & Wales, registered number 5660412 . The registered office is 39 ST MARGARETS STREET, ROCHESTER, KENT, ME1 1UF.
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. 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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10%
2.4. 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: 2
2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 46,182
As at 31 December 2023 46,182
Depreciation
As at 1 January 2023 22,379
Provided during the period 2,380
As at 31 December 2023 24,759
Net Book Value
As at 31 December 2023 21,423
As at 1 January 2023 23,803
Page 3
Page 4
5. Stocks
2023
£
Finished goods 7,101
6. Debtors
2023
£
Due within one year
Trade debtors 5,088
7. Creditors: Amounts Falling Due Within One Year
2023
£
Other creditors 28,081
Taxation and social security 3,663
31,744
8. Share Capital
2023
£
Allotted, Called up and fully paid 2
Page 4