Company Registration No. 12397320 (England and Wales)
SPICE MART LTD
Unaudited accounts
for the year ended 31 December 2024
SPICE MART LTD
Unaudited accounts
Contents
SPICE MART LTD
Company Information
for the year ended 31 December 2024
Directors
Mr. Abrar GULAMDASTAGUIRO
Mr.Mohamed Javid Mohamed Yusuf SHAIKH
Company Number
12397320 (England and Wales)
Registered Office
Unit 19, Matrix House
Constitution Hill
Leicester
LE1 1PL
ENGLAND
Accountants
Farshan & Co
Accountants & Tax Advisers
Suite 1, 2 Britannia Street
Leicester
LE1 3LE
SPICE MART LTD
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
40,402
49,107
Creditors: amounts falling due within one year
(87,300)
(103,615)
Net current assets
24,812
15,042
Called up share capital
100
100
Profit and loss account
24,860
15,123
Shareholders' funds
24,960
15,223
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by
Mr. Abrar GULAMDASTAGUIRO
Director
Company Registration No. 12397320
SPICE MART LTD
Notes to the Accounts
for the year ended 31 December 2024
SPICE MART LTD is a private company, limited by shares, registered in England and Wales, registration number 12397320. The registered office is Unit 19, Matrix House, Constitution Hill, Leicester, LE1 1PL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
SPICE MART LTD
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,284
1,638
Other creditors
85,016
101,977
6
Average number of employees
During the year the average number of employees was 7 (2023: 6).