Registered number
14536184
Bengal Spice (Reading) Ltd
Filleted Accounts
31 December 2023
Bengal Spice (Reading) Ltd
Registered number: 14536184
Balance Sheet
as at 31 December 2023
Notes 2023
£
Fixed assets
Tangible assets 3 20,169
Current assets
Stocks 1,775
Cash at bank and in hand 26,261
28,036
Creditors: amounts falling due within one year 4 (29,488)
Net current liabilities (1,452)
Net assets 18,717
Capital and reserves
Called up share capital 1
Profit and loss account 18,716
Shareholder's funds 18,717
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M J Ahmed
Director
Approved by the board on 7 September 2024
Bengal Spice (Reading) Ltd
Notes to the Accounts
for the period from 12 December 2022 to 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover includes revenue earned from the sale of goods and from the rendering of services, net of value added tax.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Improvement to premises not provided
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023
Number
Average number of persons employed by the company 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
Additions 12,700 7,862 20,562
At 31 December 2023 12,700 7,862 20,562
Depreciation
Charge for the period - 393 393
At 31 December 2023 - 393 393
Net book value
At 31 December 2023 12,700 7,469 20,169
4 Creditors: amounts falling due within one year 2023
£
Trade creditors 4,689
Taxation and social security costs 13,795
Other creditors 11,004
29,488
5 Other information
Bengal Spice (Reading) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
21 Prospect Street
Caversham
Reading
Berkshire
RG4 8JB
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