Registered number
12825287
Spicesanjh Ltd
Filleted Accounts
31 August 2024
Spicesanjh Ltd
Registered number: 12825287
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 297,500 297,500
Current assets
Cash at bank and in hand 12,943 6,092
Creditors: amounts falling due within one year 4 (420) (420)
Net current assets 12,523 5,672
Total assets less current liabilities 310,023 303,172
Creditors: amounts falling due after more than one year 5 (351,963) (351,963)
Net liabilities (41,940) (48,791)
Capital and reserves
Called up share capital 40 40
Profit and loss account (41,980) (48,831)
Shareholders' funds (41,940) (48,791)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr A Dosanjh
Director
Approved by the board on 12 May 2025
Spicesanjh Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 297,500
At 31 August 2024 297,500
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 297,500
At 31 August 2023 297,500
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 420 420
5 Creditors: amounts falling due after one year 2024 2023
£ £
A Dosanjh director's loan 64,095 64,095
Mortgage 223,125 223,125
P Spicer director's loan 64,743 64,743
351,963 351,963
6 Other information
Spicesanjh Ltd is a private company limited by shares and incorporated in England. Its registered office is:
60 Cheriton
Winchester
SO22 5AY
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