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REGISTERED NUMBER: 10003961 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Sambal Shiok Limited

Sambal Shiok Limited (Registered number: 10003961)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Sambal Shiok Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Ms M M Y Yin
Mr G K C Yin





REGISTERED OFFICE: 24 Knoll Drive
London
N14 5LT





REGISTERED NUMBER: 10003961 (England and Wales)





ACCOUNTANTS: Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Sambal Shiok Limited

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sambal Shiok Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sambal Shiok Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sambal Shiok Limited and state those matters that we have agreed to state to the Board of Directors of Sambal Shiok Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sambal Shiok Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sambal Shiok Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sambal Shiok Limited. You consider that Sambal Shiok Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sambal Shiok Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB


18 February 2025

Sambal Shiok Limited (Registered number: 10003961)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 14,733 21,139
Tangible assets 5 14,010 22,887
28,743 44,026

CURRENT ASSETS
Stocks 3,994 4,619
Debtors: amounts falling due within one year 6 60,956 59,853
Cash at bank and in hand 17,436 2,814
82,386 67,286
CREDITORS
Amounts falling due within one year 7 (74,295 ) (79,672 )
NET CURRENT ASSETS/(LIABILITIES) 8,091 (12,386 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,834

31,640

CREDITORS
Amounts falling due after more than one
year

8

(60,768

)

(59,754

)
NET LIABILITIES (23,934 ) (28,114 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (24,034 ) (28,214 )
(23,934 ) (28,114 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Sambal Shiok Limited (Registered number: 10003961)

Statement of Financial Position - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by:





Mr G K C Yin - Director


Sambal Shiok Limited (Registered number: 10003961)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Sambal Shiok 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of eight years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over the remaining term of lease
Plant and machinery - 20% on 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
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Sambal Shiok Limited (Registered number: 10003961)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 53,172
AMORTISATION
At 1 April 2023 32,033
Charge for year 6,406
At 31 March 2024 38,439
NET BOOK VALUE
At 31 March 2024 14,733
At 31 March 2023 21,139

5. TANGIBLE FIXED ASSETS
Long Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 April 2023 9,900 85,303 95,203
Additions - 419 419
At 31 March 2024 9,900 85,722 95,622
DEPRECIATION
At 1 April 2023 5,965 66,351 72,316
Charge for year 1,193 8,103 9,296
At 31 March 2024 7,158 74,454 81,612
NET BOOK VALUE
At 31 March 2024 2,742 11,268 14,010
At 31 March 2023 3,935 18,952 22,887

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,652 5,000
Other debtors 40,271 40,771
Prepayments and accrued income 14,033 14,082
60,956 59,853

Sambal Shiok Limited (Registered number: 10003961)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 11,014
Trade creditors 21,663 -
Social security and other taxes 30,097 30,511
Pension 895 773
Other creditors 20,017 21,732
Credit card 917 -
Accruals and deferred income 706 15,642
74,295 79,672

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 40,768 29,754
Other loans - 1-2 years 20,000 30,000
60,768 59,754