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Company No: 07371993 (England and Wales)

RAFI'S SPICEBOX LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

RAFI'S SPICEBOX LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

RAFI'S SPICEBOX LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
RAFI'S SPICEBOX LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTOR Kevin Fernandez
REGISTERED OFFICE 17 Goodramgate
York
YO1 7LW
United Kingdom
COMPANY NUMBER 07371993 (England and Wales)
ACCOUNTANT Jones & Co of York Ltd
Wellington House
Aviator Court
York
YO30 4UZ
RAFI'S SPICEBOX LIMITED

BALANCE SHEET

As at 31 December 2024
RAFI'S SPICEBOX LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 3,842 8,882
3,842 8,882
Current assets
Stocks 5 107,206 75,090
Debtors 6 131,280 127,293
Cash at bank and in hand 7 5,106 3,895
243,592 206,278
Creditors: amounts falling due within one year 8 ( 416,939) ( 398,494)
Net current liabilities (173,347) (192,216)
Total assets less current liabilities (169,505) (183,334)
Net liabilities ( 169,505) ( 183,334)
Capital and reserves
Called-up share capital 9 101,000 101,000
Profit and loss account ( 270,505 ) ( 284,334 )
Total shareholders' deficit ( 169,505) ( 183,334)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Rafi's Spicebox Limited (registered number: 07371993) were approved and authorised for issue by the Director on 07 July 2025. They were signed on its behalf by:

Kevin Fernandez
Director
RAFI'S SPICEBOX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
RAFI'S SPICEBOX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rafi's Spicebox Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 17 Goodramgate, York, YO1 7LW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 44 43

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2024 120,000 120,000
At 31 December 2024 120,000 120,000
Accumulated amortisation
At 01 January 2024 120,000 120,000
At 31 December 2024 120,000 120,000
Net book value
At 31 December 2024 0 0
At 31 December 2023 0 0

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2024 33,931 33,931
Additions 306 306
At 31 December 2024 34,237 34,237
Accumulated depreciation
At 01 January 2024 25,049 25,049
Charge for the financial year 5,346 5,346
At 31 December 2024 30,395 30,395
Net book value
At 31 December 2024 3,842 3,842
At 31 December 2023 8,882 8,882

5. Stocks

2024 2023
£ £
Stocks 107,206 75,090

6. Debtors

2024 2023
£ £
Trade debtors 128,860 121,476
Other debtors 2,420 5,817
131,280 127,293

7. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 5,106 3,895
Less: Bank overdrafts ( 11,533) ( 4,652)
(6,427) (757)

8. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 35,085 32,725
Trade creditors 76,419 78,198
Other taxation and social security 6,642 1,375
Other creditors 298,793 286,196
416,939 398,494

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
101,000 Ordinary shares of £ 1.00 each 101,000 101,000