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REGISTERED NUMBER: SC177704 (Scotland)




















Mrs Unis Spicy Foods Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025






Mrs Unis Spicy Foods Limited (Registered number: SC177704)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mrs Unis Spicy Foods Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Dr S Unis CBE, DL
A Unis



SECRETARY: Dr S Unis CBE, DL



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



REGISTERED NUMBER: SC177704 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Bank of Scotland
PO Box 1000
BX2 1LB

Mrs Unis Spicy Foods Limited (Registered number: SC177704)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 243,716 268,670
243,716 268,670

CURRENT ASSETS
Stocks 170,071 179,924
Debtors 6 425,085 447,295
Cash at bank and in hand 4,127 3,609
599,283 630,828
CREDITORS
Amounts falling due within one year 7 938,606 824,999
NET CURRENT LIABILITIES (339,323 ) (194,171 )
TOTAL ASSETS LESS CURRENT LIABILITIES (95,607 ) 74,499

CREDITORS
Amounts falling due after more than one
year

8

32,037

70,826
NET (LIABILITIES)/ASSETS (127,644 ) 3,673

Mrs Unis Spicy Foods Limited (Registered number: SC177704)

Balance Sheet - continued
31 January 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings (277,644 ) (146,327 )
SHAREHOLDERS' FUNDS (127,644 ) 3,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:





A Unis - Director


Mrs Unis Spicy Foods Limited (Registered number: SC177704)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Mrs Unis Spicy Foods Limited 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 and revenue recognition
Turnover represents net invoiced sales of goods, excluding value added tax. Turnover is recognised when the goods are supplied to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, has been amortised evenly over its estimated useful life of ten years.

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.
Land and buildings - 10% on reducing balance
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Financial instruments
Financial instruments comprise financial assets and financial liabilities which are recognised when the company becomes a party to the contractual provisions of the instrument. Financial instruments are classified as "basic" in accordance with FRS102 and are accounted for at amortised cost using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash flows over the life of the financial assets or liability to the net carrying amount on initial recognition. Discounting is not applied to short-term receivables and payables, where the effect is immaterial.

Financial assets at cost comprise cash, amounts owed by related parties and accrued income. Financial liabilities comprise trade creditors, accruals and amounts owed to related parties.


Mrs Unis Spicy Foods Limited (Registered number: SC177704)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 year 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Factored debts
Debts are factored on a full recourse basis. The total amount due from debtors is shown under trade debtors within current assets and the amount due to the factors is shown within current liabilities. The factor's charges are shown as an expense in the profit and loss account.

Mrs Unis Spicy Foods Limited (Registered number: SC177704)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on the going concern basis which assumes that the company will continue to trade for the foreseeable future. The directors will continue to support the company and are confident of the continued support of the bank and other creditors.

The management have assessed the company's current and future trading position and are of the opinion that it will, with the ongoing support of its creditors and bankers, continue to trade for the foreseeable future.

Based on this assessment, the management consider that it is appropriate to present the financial statements on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2024 - 44 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 13,600
AMORTISATION
At 1 February 2024
and 31 January 2025 13,600
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

Mrs Unis Spicy Foods Limited (Registered number: SC177704)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024 85,138 820,309 905,447
Additions 17,350 15,555 32,905
Disposals - (13,430 ) (13,430 )
At 31 January 2025 102,488 822,434 924,922
DEPRECIATION
At 1 February 2024 67,805 568,972 636,777
Charge for year 1,733 52,562 54,295
Eliminated on disposal - (9,866 ) (9,866 )
At 31 January 2025 69,538 611,668 681,206
NET BOOK VALUE
At 31 January 2025 32,950 210,766 243,716
At 31 January 2024 17,333 251,337 268,670

Mrs Unis Spicy Foods Limited (Registered number: SC177704)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2024 169,933
Additions 12,345
Transfer to ownership (23,920 )
At 31 January 2025 158,358
DEPRECIATION
At 1 February 2024 36,796
Charge for year 29,181
Transfer to ownership (11,545 )
At 31 January 2025 54,432
NET BOOK VALUE
At 31 January 2025 103,926
At 31 January 2024 133,137

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 321,668 340,725
Other debtors 103,417 106,570
425,085 447,295

Mrs Unis Spicy Foods Limited (Registered number: SC177704)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 98,074 74,171
Hire purchase contracts and finance leases (see note 9)
34,005

42,569
Trade creditors 252,736 231,748
Taxation and social security 20,465 18,841
Other creditors 533,326 457,670
938,606 824,999

Included in other creditors are loans from the directors. The loans are unsecured, interest-free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 3,334 13,334
Hire purchase contracts and finance leases (see note 9)
13,055

33,480
Other creditors 15,648 24,012
32,037 70,826

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2025 2024 2025 2024
£    £    £    £   
Net obligations repayable:
Within one year 26,598 42,569 7,407 -
Between one and five years 6,882 33,480 6,173 -
33,480 76,049 13,580 -

Mrs Unis Spicy Foods Limited (Registered number: SC177704)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2025 2024
£    £   
Within one year 62,125 62,125
Between one and five years 137,240 199,365
199,365 261,490

10. SECURED DEBTS

Lloyds TSB Commercial Finance Limited hold a bond and floating charge over the assets of the company.

Capital on Tap and Funding Circle loans are secured by way of directors' personal guarantee.