Spice Lounge (Devon) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 13123082

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		28,507		24,515

			28,507		24,515
CURRENT ASSETS
Stocks	5	3,256		2,350
Debtors	6	22,948		23,474
Cash at bank and in hand		12,930		12,699

		39,134		38,523
Creditors: Amounts Falling Due Within One Year	7	(64,589 )		(41,431 )

NET CURRENT ASSETS (LIABILITIES)			(25,455 )		(2,908 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,052		21,607

NET ASSETS			3,052		21,607

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			2,952		21,507

SHAREHOLDERS' FUNDS			3,052		21,607

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Spice Lounge (Devon) Ltd

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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 his 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

Mr Sonjoy Gupta

Director

29/10/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Spice Lounge (Devon) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13123082 . The registered office is 36 Greenclose Road , Ilfracombe, Devon, EX34 8BT.

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	15% RB
Motor Vehicles	15% RB
Fixtures & Fittings	15% RB

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: 5 (2025: 5)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 February 2025	20,842	4,000	20,403	45,245
Additions	170	-	7,627	7,797

As at 31 January 2026	21,012	4,000	28,030	53,042

...CONTINUED

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Spice Lounge (Devon) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Depreciation
As at 1 February 2025	9,854	1,440	9,436	20,730
Provided during the period	1,648	512	1,645	3,805

As at 31 January 2026	11,502	1,952	11,081	24,535

Net Book Value
As at 31 January 2026	9,510	2,048	16,949	28,507

As at 1 February 2025	10,988	2,560	10,967	24,515

5. Stocks

	2026	2025
	£	£
Materials	3,256	2,350

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	2,412	2,638
Other debtors	20,536	20,536
Director's loan account	-	300

	22,948	23,474

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	2,696	1,618
Other loans	39,467	29,362
Other taxes and social security	10,652	2,857
VAT	6,515	6,588
Net wages	4,259	-
Other creditors	206	1,006
Director's loan account	794	-

	64,589	41,431

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

9. Ultimate Controlling Party

The company's ultimate controlling party is Mr Sonjoy Gupta by virtue of his ownership of 100% of the issued share capital in the company.

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