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REGISTERED NUMBER: 07790204 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

W. SPICE PROCUREMENT LIMITED

W. SPICE PROCUREMENT LIMITED (REGISTERED NUMBER: 07790204)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

W. SPICE PROCUREMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: W E Spice





REGISTERED OFFICE:
45 Queen Street
Deal
Kent
CT14 6EY





REGISTERED NUMBER: 07790204 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

W. SPICE PROCUREMENT LIMITED (REGISTERED NUMBER: 07790204)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,642 3,107

CURRENT ASSETS
Debtors 5 42,384 11,744
Cash at bank 25,771 7,974
68,155 19,718
CREDITORS
Amounts falling due within one year 6 29,896 11,042
NET CURRENT ASSETS 38,259 8,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,901

11,783

PROVISIONS FOR LIABILITIES 7 453 591
NET ASSETS 40,448 11,192

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 40,348 11,092
SHAREHOLDERS' FUNDS 40,448 11,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2024 and were signed by:



W E Spice - Director


W. SPICE PROCUREMENT LIMITED (REGISTERED NUMBER: 07790204)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

W. Spice Procurement Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The Financial Statements are presented in round pounds sterling £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents invoiced sales, net of value added tax, which are only recognised when the services have been provided

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

It is the policy of the Company to review Tangible Fixed Assets for impairment annually.
The Company capitalises items with an estimated useful life in excess of three years, and for values in excess of £150.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

W. SPICE PROCUREMENT LIMITED (REGISTERED NUMBER: 07790204)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 1,724 1,099 4,000 166 6,989
Additions - - - 266 266
At 30 September 2023 1,724 1,099 4,000 432 7,255
DEPRECIATION
At 1 October 2022 973 805 1,938 166 3,882
Charge for year 150 59 515 7 731
At 30 September 2023 1,123 864 2,453 173 4,613
NET BOOK VALUE
At 30 September 2023 601 235 1,547 259 2,642
At 30 September 2022 751 294 2,062 - 3,107

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,600 9,360
Other debtors 2,244 -
Directors' current accounts 24,142 1,824
Tax 398 398
VAT - 162
42,384 11,744

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 156 228
Tax 24,895 8,768
Social security and other taxes - 481
VAT 3,175 -
Accrued expenses 1,670 1,565
29,896 11,042

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 453 591

W. SPICE PROCUREMENT LIMITED (REGISTERED NUMBER: 07790204)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 591
Provided during year (138 )
Balance at 30 September 2023 453

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Directors Loan Account
A Member of Key Management Personnel

The following Directors loans subsisted during the year;

During the year, the Director advanced the Company £312 (2022: £402)
During the year the Company repaid the Director £22,630 (2022: £1,580)

As at 30 September 2023 the Director owed the Company £24,142 (2022: Director owed the Company £1,824)

The loan is repayable on demand.

W. SPICE PROCUREMENT LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
W. SPICE PROCUREMENT LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2023 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY


Date: .............................................