Registered number
09165284
CAFE SPICE INDIAN RESTAURANT LIMITED
Filleted Accounts
31 August 2024
CAFE SPICE INDIAN RESTAURANT LIMITED
Registered number: 09165284
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 1,500
Tangible assets 4 32,891 39,346
32,891 40,846
Current assets
Stocks 3,575 4,500
Debtors 5 2,110 21,968
Cash at bank and in hand 109,639 97,378
115,324 123,846
Creditors: amounts falling due within one year 6 (41,391) (39,370)
Net current assets 73,933 84,476
Total assets less current liabilities 106,824 125,322
Creditors: amounts falling due after more than one year 7 (13,889) (25,777)
Net assets 92,935 99,545
Capital and reserves
Called up share capital 100 100
Profit and loss account 92,835 99,445
Shareholder's funds 92,935 99,545
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.
Brian Mohan Miah
Director
Approved by the board on 28 February 2025
CAFE SPICE INDIAN RESTAURANT LIMITED
Notes to the Accounts
for the year ended 31 August 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Goodwill 10% strait line
Leasehold land and buildings 10% reducing balance
Motor Vehicle 20% reducing balance
Fixtures, fittings, tools and equipment 15% 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 2023
Number Number
Average number of persons employed by the company 10 10
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 15,000
At 31 August 2024 15,000
Amortisation
At 1 September 2023 13,500
Provided during the year 1,500
At 31 August 2024 15,000
Net book value
At 31 August 2024 -
At 31 August 2023 1,500
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 10,015 33,945 21,500 65,460
At 31 August 2024 10,015 33,945 21,500 65,460
Depreciation
At 1 September 2023 4,953 15,786 5,375 26,114
Charge for the year 506 2,724 3,225 6,455
At 31 August 2024 5,459 18,510 8,600 32,569
Net book value
At 31 August 2024 4,556 15,435 12,900 32,891
At 31 August 2023 5,062 18,159 16,125 39,346
5 Debtors 2024 2023
£ £
Trade debtors 2,110 1,468
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 20,500
2,110 21,968
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,648 10,648
Hire Purchase contact 2,519 2,519
Trade creditors 562 5,652
Taxation and social security costs 20,444 14,353
Other creditors 7,218 6,198
41,391 39,370
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,889 25,777
8 Other information
CAFE SPICE INDIAN RESTAURANT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
19 Clarks Yard
Darlington
County Durham
DL3 7QH
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