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Company Registration No. 6505643 (England and Wales)
Spice Manchester Limited Unaudited accounts for the year ended 31 March 2024
Spice Manchester Limited Unaudited accounts Contents
Page
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Spice Manchester Limited Company Information for the year ended 31 March 2024
Director
Lauren Fawkes
Company Number
6505643 (England and Wales)
Registered Office
11 Claremont Avenue West Timperley Altringham Cheshire WA14 5NF
Accountants
Barry Smith FCCA Lluest Fach Foel Welshpool SY21 0PB
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Spice Manchester Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,133 
3,686 
Current assets
Debtors
17,023 
10,268 
Cash at bank and in hand
40,140 
41,736 
57,163 
52,004 
Creditors: amounts falling due within one year
(22,310)
(20,623)
Net current assets
34,853 
31,381 
Total assets less current liabilities
37,986 
35,067 
Provisions for liabilities
Deferred tax
(595)
(700)
Net assets
37,391 
34,367 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
37,390 
34,366 
Shareholders' funds
37,391 
34,367 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 November 2024 and were signed on its behalf by
Lauren Fawkes Director Company Registration No. 6505643
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Spice Manchester Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Spice Manchester Limited is a private company, limited by shares, registered in England and Wales, registration number 6505643. The registered office is 11 Claremont Avenue, West Timperley, Altringham, Cheshire, WA14 5NF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Equipment, fixtures and fittings - 15% reducing balance
Intangible fixed assets
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separate net assets. It is amortised to profit and loss account over its estimated economic life of ten years.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset. The lease is treated as a ?finance lease?. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated over its estimated useful life or the term of the lease, whichever is shorter. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account, and the capital element which reduces the outstanding obligation for future instalments. All other leases are accounted for as ?operating leases? and the rental charges are charged to the profit and loss account on a straight line basis over the life of the lease.
Deferred taxation
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
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Spice Manchester Limited Notes to the Accounts for the year ended 31 March 2024
Pension costs
The company operates defined contribution schemes for the benefit of its employees. The assets of the schemes are held separately from those of the company in independently administered funds. The pension costs charge represents contributions paid by the company to those funds.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
161,850 
At 31 March 2024
161,850 
Amortisation
At 1 April 2023
161,850 
At 31 March 2024
161,850 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
20,388 
At 31 March 2024
20,388 
Depreciation
At 1 April 2023
16,702 
Charge for the year
553 
At 31 March 2024
17,255 
Net book value
At 31 March 2024
3,133 
At 31 March 2023
3,686 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,023 
10,268 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,304 
3,645 
Trade creditors
10,856 
6,562 
Taxes and social security
1,129 
3,612 
Loans from directors
4,021 
6,804 
22,310 
20,623 
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Spice Manchester Limited Notes to the Accounts for the year ended 31 March 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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