BrightAccountsProduction v1.0.0 v1.0.0 2023-04-06 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The company's principal activity is fast food takeaway. 5 September 2024 NI696128 2024-04-30 NI696128 2023-04-05 NI696128 2023-04-06 2024-04-30 NI696128 uk-bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-30 NI696128 uk-curr:PoundSterling 2023-04-06 2024-04-30 NI696128 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-30 NI696128 uk-bus:FullAccounts 2023-04-06 2024-04-30 NI696128 uk-bus:Director1 2023-04-06 2024-04-30 NI696128 uk-bus:RegisteredOffice 2023-04-06 2024-04-30 NI696128 uk-bus:Agent1 2023-04-06 2024-04-30 NI696128 uk-core:ShareCapital 2024-04-30 NI696128 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI696128 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 NI696128 uk-bus:FRS102 2023-04-06 2024-04-30 NI696128 uk-core:FurnitureFittingsToolsEquipment 2023-04-06 2024-04-30 NI696128 uk-core:WithinOneYear 2024-04-30 NI696128 2023-04-06 2024-04-30 NI696128 uk-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI696128
 
 
Hotandspicy2001 Ltd
 
Unaudited Financial Statements
 
for the financial period from 6 April 2023 (date of incorporation) to 30 April 2024
Hotandspicy2001 Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Azhar Ashan (Appointed 16 April 2024)
 
 
Company Registration Number NI696128
 
 
Registered Office and Business Address 7 Legahory Centre
Craigavon
Co Armagh
BT65 5BE
United Kingdom
 
 
Accountants MG accountants (Portadown)
Chartered Accountants
25-27 Carleton Street
Portadown
BT623EP
 
 
Bankers Tide Bank
  4th Floor, The Featherstone Building, 66 City Road
  London
  EC1Y 2AL



Hotandspicy2001 Ltd
Company Registration Number: NI696128
BALANCE SHEET
as at 30 April 2024

Apr 24
Notes £
 
Fixed Assets
Tangible assets 6 799
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Current Assets
Stocks 7 1,500
Debtors 8 2,432
Cash and cash equivalents 35,506
─────────
39,438
─────────
Creditors: amounts falling due within one year 9 (15,452)
─────────
Net Current Assets 23,986
─────────
Total Assets less Current Liabilities 24,785
═════════
 
Capital and Reserves
Called up share capital -
Retained earnings 24,785
─────────
Equity attributable to owners of the company 24,785
═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
       
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
       
For the financial period from 6 April 2023 (date of incorporation) to 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
       
Approved by the Director and authorised for issue on 5 September 2024
       
       
________________________________      
Azhar Ashan      
Director      
       



Hotandspicy2001 Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial period from 6 April 2023 (date of incorporation) to 30 April 2024

   
1. General Information
 
Hotandspicy2001 Ltd  is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI696128. The registered office of the company is 7 Legahory Centre, Craigavon, Co Armagh, BT65 5BE, United Kingdom which is also the principal place of business of the company. The company's principal activity is fast food takeaway. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 30 April 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
   
3. Period of financial statements
 
The financial statements are for the 12 month 25 days period from 6 April 2023 (date of incorporation) to 30 April 2024.
   
4. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
5. Employees
 
The average monthly number of employees, including director, during the financial period was 5, (Apr 23 - 0).
 
  Apr 24
  Number
 
Director 1
Employees 4
  ─────────
  5
  ═════════
       
6. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 6 April 2023 - -
Additions 999 999
  ───────── ─────────
At 30 April 2024 999 999
  ───────── ─────────
Depreciation
At 6 April 2023 - -
Charge for the financial period 200 200
  ───────── ─────────
At 30 April 2024 200 200
  ───────── ─────────
Net book value
At 30 April 2024 799 799
  ═════════ ═════════
     
7. Stocks Apr 24
  £
 
Finished goods and goods for resale 1,500
  ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
     
8. Debtors Apr 24
  £
 
Trade debtors 2,432
  ═════════
     
9. Creditors Apr 24
Amounts falling due within one year £
 
Trade creditors 337
Taxation  (Note 10) 12,691
Director's current account 924
Accruals 1,500
  ─────────
  15,452
  ═════════
     
10. Taxation Apr 24
  £
 
Creditors:
VAT 4,719
Corporation tax 7,972
  ─────────
  12,691
  ═════════
     
11. Capital commitments
 
The company had no material capital commitments at the financial period-ended 30 April 2024.
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.