Company registration number: 04633951
Unaudited financial statements
for the year ended 30 June 2024
for
Spice London South Limited
Pages for filing with the Registrar
Company registration number: 04633951
Spice London South Limited
Balance sheet
as at 30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 2,428 2,913
2,428 2,913
Current assets
Debtors 46,971 14,891
Cash at bank and in hand 11,644 3,802
58,615 18,693
Creditors: amounts falling due within one
year
(150,767) (114,860)
Net current liabilities (92,152) (96,167)
Total assets less current liabilities (89,724) (93,254)
Creditors: Amounts falling due after more
than one year
(15,399) (25,013)
NET LIABILITIES (105,123) (118,267)
Capital and reserves
Called up share capital 1 1
Profit and loss account (105,124) (118,268)
TOTAL EQUITY (105,123) (118,267)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04633951
Spice London South Limited
Balance sheet - continued
as at 30 June 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr R Thompson, Director
21 January 2025
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Spice London South Limited
Notes to the financial statements
for the year ended 30 June 2024
1 Company information
Spice London South Limited is a private company registered in England and Wales. Its registered number is 04633951. The company is limited by shares. Its registered office is I O N Building, Unit 1 Waldo Works,, London, NW10 6AW.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 12.5% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 25% reducing balance
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
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Spice London South Limited
Notes to the financial statements - continued
for the year ended 30 June 2024
3 Average number of employees
During the year the average number of employees was 1 (2023 - Nil).
4 Intangible assets
Goodwill
£
Cost
At 1 July 2023 123,500
At 30 June 2024 123,500
Amortisation
At 1 July 2023 123,500
At 30 June 2024 123,500
Net book value
At 30 June 2024 -
At 30 June 2023 -
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 July 2023 34,553
At 30 June 2024 34,553
Depreciation
At 1 July 2023 31,640
Charge for year 485
At 30 June 2024 32,125
Net book value
At 30 June 2024 2,428
At 30 June 2023 2,913
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Spice London South Limited
Notes to the financial statements - continued
for the year ended 30 June 2024
6 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023.
2024 2023
£ £
Mr Robert Anthony Thompson
Balance outstanding at start of year 34 -
Amounts repaid (34) -
Balance outstanding at end of year - -
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