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REGISTERED NUMBER: SC770416 (Scotland)















Report of the Director and

Unaudited Financial Statements for the Period 23 May 2023 to 31 May 2024

for

SPICY MANGOES LTD

SPICY MANGOES LTD (Registered number: SC770416)






Contents of the Financial Statements
for the Period 23 May 2023 to 31 May 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


SPICY MANGOES LTD

Company Information
for the Period 23 May 2023 to 31 May 2024







DIRECTOR: D P C Wade





SECRETARY:





REGISTERED OFFICE: 28 Vinicombe St
Glasgow





REGISTERED NUMBER: SC770416 (Scotland)





ACCOUNTANTS: Westend Bookkeeping Glasgow Ltd
5 Newton Terrace Lane
Glasgow
G3 7PB

SPICY MANGOES LTD (Registered number: SC770416)

Report of the Director
for the Period 23 May 2023 to 31 May 2024

The director presents his report with the financial statements of the company for the period 23 May 2023 to 31 May 2024.

INCORPORATION
The company was incorporated on 23 May 2023 and commenced trading on 1 June 2023.

DIRECTOR
D P C Wade was appointed as a director on 23 May 2023 and held office during the whole of the period from then to the date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D P C Wade - Director


20 February 2025

SPICY MANGOES LTD (Registered number: SC770416)

Income Statement
for the Period 23 May 2023 to 31 May 2024

Notes £    £   

TURNOVER 887,261

Cost of sales 435,413
GROSS PROFIT 451,848

Distribution costs 326,160
Administrative expenses 228,777
554,937
OPERATING LOSS 4 (103,089 )

Interest receivable and similar income 4
(103,085 )

Interest payable and similar expenses 30,050
LOSS BEFORE TAXATION (133,135 )

Tax on loss -
LOSS FOR THE FINANCIAL PERIOD (133,135 )

SPICY MANGOES LTD (Registered number: SC770416)

Balance Sheet
31 May 2024

Notes £    £   
FIXED ASSETS
Tangible assets 5 25,827

CURRENT ASSETS
Debtors 6 25,357
Cash at bank 33,791
59,148
CREDITORS
Amounts falling due within one year 7 218,110
NET CURRENT LIABILITIES (158,962 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(133,135

)

RESERVES
Retained earnings (133,135 )
(133,135 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 20 February 2025 and were signed by:





D P C Wade - Director


SPICY MANGOES LTD (Registered number: SC770416)

Notes to the Financial Statements
for the Period 23 May 2023 to 31 May 2024

1. STATUTORY INFORMATION

SPICY MANGOES LTD is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 20 .

SPICY MANGOES LTD (Registered number: SC770416)

Notes to the Financial Statements - continued
for the Period 23 May 2023 to 31 May 2024

4. OPERATING LOSS

The operating loss is stated after charging:

£   
Depreciation - owned assets 7,054

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 23 May 2023
and 31 May 2024 32,881
DEPRECIATION
Charge for period 7,054
At 31 May 2024 7,054
NET BOOK VALUE
At 31 May 2024 25,827
At 22 May 2023 32,881

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 25,357

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 81,835
Taxation and social security 77,922
Other creditors 58,353
218,110