Registered number
14935148
SPICE FACTORS LIMITED
Filleted Accounts
30 June 2024
SPICE FACTORS LIMITED
Registered number: 14935148
Balance Sheet
as at 30 June 2024
Notes 2024
£
Fixed assets
Tangible assets 3 7,702
Current assets
Stocks 2,995
Debtors 4 5,568
Cash at bank and in hand 4,422
12,985
Creditors: amounts falling due within one year 5 (19,921)
Net current liabilities (6,936)
Net assets 766
Capital and reserves
Called up share capital 100
Profit and loss account 666
Shareholder's funds 766
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Md Ariful Hussain
Director
Approved by the board on 21 January 2025
SPICE FACTORS LIMITED
Notes to the Accounts
for the period from 14 June 2023 to 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024
Number
Average number of persons employed by the company 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 9,627
At 30 June 2024 9,627
Depreciation
Charge for the period 1,925
At 30 June 2024 1,925
Net book value
At 30 June 2024 7,702
4 Debtors 2024
£
Trade debtors 1,035
Other debtors 4,533
5,568
5 Creditors: amounts falling due within one year 2024
£
Directors current account 11,483
Trade creditors 4,349
Taxation and social security costs 436
Other creditors 3,653
19,921
6 Other information
SPICE FACTORS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
17 Plumbers Row
Unit D
Upper Ground Floor
London
E1 1EQ
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