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REGISTERED NUMBER: 06881249 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Slice of India Limited

Slice of India Limited (Registered number: 06881249)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Slice of India Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: B S Atwal
Mrs H P K Atwal





REGISTERED OFFICE: Slice of India
Mansfield Road
Derby
DE21 4AW





REGISTERED NUMBER: 06881249 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
47a Queen Street
Derby
Derbyshire
DE1 3DE

Slice of India Limited (Registered number: 06881249)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 203,346 208,726
Investments 5 300 300
203,646 209,026

CURRENT ASSETS
Stocks 124,096 123,846
Debtors 6 580,682 546,670
Cash at bank and in hand 195,460 117,562
900,238 788,078
CREDITORS
Amounts falling due within one year 7 468,123 460,083
NET CURRENT ASSETS 432,115 327,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,761

537,021

PROVISIONS FOR LIABILITIES 31,640 26,264
NET ASSETS 604,121 510,757

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 604,021 510,657
SHAREHOLDERS' FUNDS 604,121 510,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





B S Atwal - Director


Slice of India Limited (Registered number: 06881249)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Slice of India 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 presentation currency of the financial statements is the Pound 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property improvements - 5% on reducing balance
Kitchen equipment - 15% on reducing balance
Furniture and fixtures - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 32 ) .

Slice of India Limited (Registered number: 06881249)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Leasehold Furniture
property Kitchen and
improvements equipment fixtures
£    £    £   
COST
At 1 March 2023 249,522 189,526 88,049
Additions - 11,896 -
At 29 February 2024 249,522 201,422 88,049
DEPRECIATION
At 1 March 2023 113,138 150,508 56,944
Charge for year 6,816 6,206 4,620
At 29 February 2024 119,954 156,714 61,564
NET BOOK VALUE
At 29 February 2024 129,568 44,708 26,485
At 28 February 2023 136,384 39,018 31,105

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 13,450 820 541,367
Additions - 1,062 12,958
At 29 February 2024 13,450 1,882 554,325
DEPRECIATION
At 1 March 2023 11,901 150 332,641
Charge for year 386 310 18,338
At 29 February 2024 12,287 460 350,979
NET BOOK VALUE
At 29 February 2024 1,163 1,422 203,346
At 28 February 2023 1,549 670 208,726

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 300
NET BOOK VALUE
At 29 February 2024 300
At 28 February 2023 300

Slice of India Limited (Registered number: 06881249)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 188,114 189,648
Amounts owed by group undertakings 373,140 348,140
Other debtors 6,457 -
Prepayments 12,971 8,882
580,682 546,670

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 67,635 47,594
Amounts owed to group undertakings 79,945 79,945
Tax 32,463 13,953
Social security and other taxes 6,729 5,872
VAT 97,471 79,957
Other creditors 985 795
Directors loan account 170,000 220,000
Accrued expenses 12,895 11,967
468,123 460,083

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. OTHER FINANCIAL COMMITMENTS

The company had annual commitments at 28 February 2024 under non-cancellable operating leases as follows:

With an expiry date of 24th March 2025 - £75,000.