MASALA FLAVOURS LTD - Accounts

MASALA FLAVOURS LTD - Company Information

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Registered Number: 11889259

England and Wales

MASALA FLAVOURS LTD

Abridged Accounts

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

MASALA FLAVOURS LTD
Contents Page
For the year ended 31 March 2021

Statement of financial position	1
Notes to the financial statements	2

MASALA FLAVOURS LTD
Statement of Financial Position
As at 31 March 2021

	2021 £	2020 £
Current assets
Debtors	74,100	7,800
Cash at bank and in hand	42,214	(6,198)
	116,314	1,602
Creditors: amount falling due within one year	(32,446)	(473)
Net current assets	83,868	1,129

Total assets less current liabilities	83,868	1,129
Net assets	83,868	1,129

Capital and reserves
Called up share capital	2,289	1,000
Share premium account	127,611	0
Profit and loss account	(46,032)	129
Shareholder's funds	83,868	1,129

For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 28 March 2022 and were signed by:

--------------------------------
Rupal Patel
Director

MASALA FLAVOURS LTD
Notes to the Abridged Financial Statements
For the year ended 31 March 2021

General Information

MASALA FLAVOURS LTD is a private company, limited by shares, registered in England and Wales, registration number 11889259, registration address 73 Uxendon Hill, Wembley, , HA9 9SQ

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

2.	Average number of employees Average number of employees during the year was 4 (2020 : 0).

Share Capital

Allotted, called up and fully paid	2021 £	2020 £
1,000 Class A shares of £1.00 each	1,000	1,000
128,900 Class B shares of £0.01 each	1,289	0
	2,289	1,000