Shimla Spice Restaurant Ltd - Filleted accounts

Registered number

03470477

Shimla Spice Restaurant Ltd

Filleted Accounts

30 November 2025

Shimla Spice Restaurant Ltd
Registered number:		03470477
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		22,843			18,287
Investments	4		31,676			31,676
			54,519			49,963

Current assets
Stocks		7,440			7,355
Debtors	5	-			1,092
Cash at bank and in hand		42,042			52,904
		49,482			61,351

Creditors: amounts falling due within one year	6	(22,046)			(23,057)

Net current assets			27,436			38,294

Total assets less current liabilities			81,955			88,257

Creditors: amounts falling due after more than one year	7		(3,380)			(6,965)

Provisions for liabilities			(4,884)			(4,002)


Net assets			73,691			77,290

Capital and reserves
Called up share capital			100			100
Profit and loss account			73,591			77,190

Shareholders' funds			73,691			77,290

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Mohammed Ayub
Director
Approved by the board on 19 August 2026

Shimla Spice Restaurant Ltd
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures and equipment	15% reducing balance basis
	Leasehold improvements	20% straight line



	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			19		18


3	Tangible fixed assets
		Leasehold improvements		Fixtures and equipment		Total
£			£		£
	Cost
	At 1 December 2024	20,038		180,384		200,422
	Additions	-		12,164		12,164
	At 30 November 2025	20,038		192,548		212,586

	Depreciation
	At 1 December 2024	19,948		162,187		182,135
	Charge for the year	18		7,590		7,608
	At 30 November 2025	19,966		169,777		189,743

	Net book value
	At 30 November 2025	72		22,771		22,843
	At 30 November 2024	90		18,197		18,287


4	Investments

Shimla Spice
(Yorkshire) Restaurant Ltd
£
	Cost
	At 1 December 2024					31,676

	At 30 November 2025					31,676


5	Debtors			2025		2024
£					£

	Trade debtors			-		1,092


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			6,312		5,696
	Other taxes and social security costs			15,734		17,361
				22,046		23,057


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Director's Current Account			3,380		6,965


8	Other information

	Shimla Spice Restaurant Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	14 South Street
	Keighley
	West Yorkshire
	BD21 1NR