Registered number
SC606331
SPICY KASHMIR LTD
82 West Main Street
Harthill
Filleted Accounts
for the year ended 31 August 2024
Yousaf & Co Ltd
Chartered Certified Accountants
Registered Auditors
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref: S525/HY
SPICY KASHMIR LTD
Registered number: SC606331
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,315 5,905
Current assets
Stocks 3,053 3,436
Debtors 4 - 1,147
Cash at bank and in hand 3,974 3,131
7,027 7,714
Creditors: amounts falling due within one year 5 (10,650) (8,446)
Net current assets/(liabilities) (3,623) (732)
Total assets less current liabilities 1,692 5,173
Creditors: amounts falling due after more than one year 6 (5,514) (449)
Net (liabilities)/assets (3,822) 4,724
Capital and reserves
Called up share capital 100 100
Profit and loss account (3,922) 4,624
Shareholders' funds (3,822) 4,724
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 Tariq Mehmood
Director
Approved by the board on 8 April 2025
SPICY KASHMIR LTD
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.
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 10% 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Fixture & fittings
£
Cost
At 1 September 2023 10,000
At 31 August 2024 10,000
Depreciation
At 1 September 2023 4,095
Charge for the year 590
At 31 August 2024 4,685
Net book value
At 31 August 2024 5,315
At 31 August 2023 5,905
4 Debtors 2024 2023
£ £
Trade debtors - 1,147
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,228 1,182
Taxation and social security costs 2,889 2,684
Other creditors 6,533 4,580
10,650 8,446
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan account 5,514 449
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