Abbreviated Company Accounts - EASTERN SPICE (CLECKHEATON) LIMITED

EASTERN SPICE (CLECKHEATON) LIMITED - Company Information

05209471 EASTERN SPICE (CLECKHEATON) LIMITED 2014-08-31 false 2013-09-01 2014-08-31 true 05209471 2013-09-01 2014-08-31 05209471 2014-08-31 05209471 2013-08-31 05209471 uk-gaap-cd-bus:Director1 2013-09-01 2014-08-31 05209471 uk-gaap-cd-bus:Director2 2013-09-01 2014-08-31 uk-gaap-cd-bus:Director3 2013-09-01 2014-08-31 uk-gaap-cd-bus:Director3 2014-08-31 uk-gaap-cd-bus:Director3 2013-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP shares

Registered Number 05209471

EASTERN SPICE (CLECKHEATON) LIMITED

Abbreviated Accounts

31 August 2014

EASTERN SPICE (CLECKHEATON) LIMITED Registered Number 05209471

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	20,000	20,000
Tangible assets	3	2,754	3,442
		22,754	23,442
Current assets
Stocks		5,110	2,980
Debtors		2,541	5,050
Cash at bank and in hand		76,364	41,054
		84,015	49,084
Creditors: amounts falling due within one year		(9,653)	(19,324)
Net current assets (liabilities)		74,362	29,760
Total assets less current liabilities		97,116	53,202
Creditors: amounts falling due after more than one year		(90,652)	(63,831)
Total net assets (liabilities)		6,464	(10,629)
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		6,462	(10,631)
Shareholders' funds		6,464	(10,629)

For the year ending 31 August 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 13 May 2015

And signed on their behalf by:
MR WASEEM MUSHTAQ, Director

EASTERN SPICE (CLECKHEATON) LIMITED Registered Number 05209471

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises invoiced sales net of returns, trade discounts and VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life on a reducing balance method as follows:
Fixture and fittings 20%
Motor vehicles 20%

Intangible assets amortisation policy
NONE

Valuation information and policy
Stocks are valued at the lower of cost and net reliable value, after allowing for slow-moving and obsolete items.

Other accounting policies
Corporation tax payable is provided for on taxable profits at the current rate.

2Intangible fixed assets

	£
Cost
At 1 September 2013	20,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	20,000
Amortisation
At 1 September 2013	-
Charge for the year	-
On disposals	-
At 31 August 2014	-
Net book values
At 31 August 2014	20,000
At 31 August 2013	20,000

3Tangible fixed assets

	£
Cost
At 1 September 2013	10,035
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	10,035
Depreciation
At 1 September 2013	6,593
Charge for the year	688
On disposals	-
At 31 August 2014	7,281
Net book values
At 31 August 2014	2,754
At 31 August 2013	3,442

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2

5Transactions with directors

Name of director receiving advance or credit:	MR WASEEM MUSHTAQ
Description of the transaction:	DIRECTOR
Balance at 1 September 2013:	£ 63,831
Advances or credits made:	£ 53,200
Advances or credits repaid:	£ 26,379
Balance at 31 August 2014:	£ 90,652

The ultimate controlling parties are MR WASEEM MUSHTAQ and MR MUSHTAQ HUSSAIN by virtue of their ownership of 50% each in the ordinary share capital of the company.