Abbreviated Company Accounts - UK SPICE AND INGREDIENTS LTD

Abbreviated Company Accounts - UK SPICE AND INGREDIENTS LTD

UK SPICE AND INGREDIENTS LTD - Company Information

Print Friendly Version

Registered Number 05543607

UK SPICE AND INGREDIENTS LTD

Abbreviated Accounts

31 August 2014

UK SPICE AND INGREDIENTS LTD Registered Number 05543607

Abbreviated Balance Sheet as at 31 August 2014

Notes 2014 2013
£ £
Current assets
Stocks 479,135 779,141
Debtors 120,000 135,781
Cash at bank and in hand 728,980 673,896
1,328,115 1,588,818
Creditors: amounts falling due within one year (898,007) (1,251,013)
Net current assets (liabilities) 430,108 337,805
Total assets less current liabilities 430,108 337,805
Total net assets (liabilities) 430,108 337,805
Capital and reserves
Called up share capital 5,000 5,000
Profit and loss account 425,108 332,805
Shareholders' funds 430,108 337,805
  • 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 30 January 2015

And signed on their behalf by:
R KHANNA, Director

UK SPICE AND INGREDIENTS LTD Registered Number 05543607

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 represents amounts receivable for goods and services net of VAT and trade discounts.

Other accounting policies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange
ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the
transaction. All differences are taken to profit and loss account.