Spice Master Trading Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08989326 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2020

for

Spice Master Trading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Miah

REGISTERED OFFICE:

21-27 Milk Street

Digbeth

Birmingham

B55TR

REGISTERED NUMBER:

08989326 (England and Wales)

ACCOUNTANTS:

Alps Accountants

21-27 Milk Street

Birmingham

West Midlands

B55TR

FIXED ASSETS

Tangible assets

4

88,981

69,566

CURRENT ASSETS

Debtors

5

25,616

21,153

Cash at bank

6,259

26,624

31,875

47,777

CREDITORS

Amounts falling due within one year

6

13,900

33,345

NET CURRENT ASSETS

17,975

14,432

TOTAL ASSETS LESS CURRENT LIABILITIES

106,956

83,998

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

106,856

83,898

106,956

83,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2020 and were signed by:

A Miah - Director

1.	STATUTORY INFORMATION

Spice Master Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2019 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

110,396

Additions

30,693

At 30 April 2020

141,089

DEPRECIATION

At 1 May 2019

40,830

Charge for year

11,278

At 30 April 2020

52,108

NET BOOK VALUE

At 30 April 2020

88,981

At 30 April 2019

69,566

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Other debtors

25,616

21,153

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade creditors

6,609

14,046

Taxation and social security

7,291

19,299

13,900

33,345