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Company Registration No. 11789310 (England and Wales)
Hot N Spicy Ltd Unaudited accounts for the year ended 31 March 2024
Hot N Spicy Ltd Unaudited accounts Contents
Page
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Hot N Spicy Ltd Company Information for the year ended 31 March 2024
Directors
Donna Ball Craig Weaver
Company Number
11789310 (England and Wales)
Registered Office
27/28 Gelliwastad Road Pontypridd CF37 2BW
Accountants
R H Jeffs & Rowe Ltd 27-28 Gelliwastad Road Pontypridd CF37 2BW
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Hot N Spicy Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,000 
6,000 
Tangible assets
3,837 
4,514 
8,837 
10,514 
Current assets
Debtors
4,082 
4,082 
Cash at bank and in hand
3,052 
3,710 
7,134 
7,792 
Creditors: amounts falling due within one year
(8,224)
(6,630)
Net current (liabilities)/assets
(1,090)
1,162 
Total assets less current liabilities
7,747 
11,676 
Creditors: amounts falling due after more than one year
(8,982)
(13,000)
Net liabilities
(1,235)
(1,324)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(1,236)
(1,325)
Shareholders' funds
(1,235)
(1,324)
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 directors acknowledge their 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 of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by
Donna Ball Director Company Registration No. 11789310
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Hot N Spicy Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Hot N Spicy Ltd is a private company, limited by shares, registered in England and Wales, registration number 11789310. The registered office is 27/28 Gelliwastad Road, Pontypridd, CF37 2BW.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
10,000 
At 31 March 2024
10,000 
Amortisation
At 1 April 2023
4,000 
Charge for the year
1,000 
At 31 March 2024
5,000 
Net book value
At 31 March 2024
5,000 
At 31 March 2023
6,000 
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Hot N Spicy Ltd Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
9,825 
At 31 March 2024
9,825 
Depreciation
At 1 April 2023
5,311 
Charge for the year
677 
At 31 March 2024
5,988 
Net book value
At 31 March 2024
3,837 
At 31 March 2023
4,514 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
4,082 
4,082 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
6,000 
6,000 
Loans from directors
1,534 
- 
Accruals
690 
630 
8,224 
6,630 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,982 
13,000 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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