INDIAN SPICES RESTAURANT LTD

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: SC644208

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		13,755		16,486

			13,755		16,486
CURRENT ASSETS
Stocks	5	345		1,095
Cash at bank and in hand		2,860		2,993

		3,205		4,088
Creditors: Amounts Falling Due Within One Year	7	(15,627 )		(17,225 )

NET CURRENT ASSETS (LIABILITIES)			(12,422 )		(13,137 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,333		3,349

NET ASSETS			1,333		3,349

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			1,332		3,348

SHAREHOLDERS' FUNDS			1,333		3,349

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Asia PARVEEN

Director

27th December 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

INDIAN SPICES RESTAURANT LTD is a private company, limited by shares, incorporated in Scotland, registered number SC644208 . The registered office is 10-12 Stirling Street Lanarkshire, Airdrie, ML6 0AH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10%
Fixtures & Fittings	10%
Computer Equipment	10%

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 October 2023	8,892	16,322	2,105	27,319

As at 30 September 2024	8,892	16,322	2,105	27,319

Depreciation
As at 1 October 2023	3,556	6,437	840	10,833
Provided during the period	889	1,632	210	2,731

As at 30 September 2024	4,445	8,069	1,050	13,564

...CONTINUED

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INDIAN SPICES RESTAURANT LTD

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

Net Book Value
As at 30 September 2024	4,447	8,253	1,055	13,755

As at 1 October 2023	5,336	9,885	1,265	16,486

5. Stocks

	2024	2023
	£	£
Materials	345	1,095

6. Debtors

	2024	2023
	£	£
Due within one year

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	5	-
Other taxes and social security	613	-
Other creditors	-	1,500
Accruals and deferred income	1,240	710
Director's loan account	13,769	15,015

	15,627	17,225

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

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