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REGISTERED NUMBER: 14068342 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SPICE OF INDIA (IW) LIMITED

SPICE OF INDIA (IW) LIMITED (REGISTERED NUMBER: 14068342)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPICE OF INDIA (IW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: M Miah





REGISTERED OFFICE: 1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA





REGISTERED NUMBER: 14068342 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

SPICE OF INDIA (IW) LIMITED (REGISTERED NUMBER: 14068342)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 22,404 18,672

CURRENT ASSETS
Stocks 1,000 1,250
Debtors 5 9,364 4,818
Cash at bank and in hand 2,014 9,211
12,378 15,279
CREDITORS
Amounts falling due within one year 6 7,450 5,411
NET CURRENT ASSETS 4,928 9,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,332

28,540

PROVISIONS FOR LIABILITIES 7 4,257 3,548
NET ASSETS 23,075 24,992

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 22,975 24,892
SHAREHOLDERS' FUNDS 23,075 24,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

SPICE OF INDIA (IW) LIMITED (REGISTERED NUMBER: 14068342)

BALANCE SHEET - continued
30 APRIL 2024


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 director and authorised for issue on 24 January 2025 and were signed by:





M Miah - Director


SPICE OF INDIA (IW) LIMITED (REGISTERED NUMBER: 14068342)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Spice of India (IW) 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.

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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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.

SPICE OF INDIA (IW) LIMITED (REGISTERED NUMBER: 14068342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£ £ £
COST
At 1 May 2023 16,205 5,340 21,545
Additions - 8,400 8,400
At 30 April 2024 16,205 13,740 29,945
DEPRECIATION
At 1 May 2023 1,538 1,335 2,873
Charge for year 3,667 1,001 4,668
At 30 April 2024 5,205 2,336 7,541
NET BOOK VALUE
At 30 April 2024 11,000 11,404 22,404
At 30 April 2023 14,667 4,005 18,672

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Directors' current accounts 9,364 4,818

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Tax 1,422 1,383
Social security and other taxes 142 176
VAT 5,042 2,477
Other creditors 76 358
Accrued expenses 768 1,017
7,450 5,411

Other creditors consists of an amount of £76 in relation to pension amounts due.

7. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax
Accelerated capital allowances 4,257 3,548

SPICE OF INDIA (IW) LIMITED (REGISTERED NUMBER: 14068342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 May 2023 3,548
Charge to Income Statement during year 709
Balance at 30 April 2024 4,257

8. CALLED UP SHARE CAPITAL

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

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Miah.