BI Spice Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11718864 (England and Wales)

Unaudited Cessation Financial Statements

for the Period 10 December 2018 to 31 December 2019

for

BI Spice Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr Afzal Hussain

REGISTERED OFFICE:

39 Market Street

Heanor

Derbyshire

DE75 7NR

REGISTERED NUMBER:

11718864 (England and Wales)

ACCOUNTANTS:

SKN Services Ltd

Chartered Accountants

SKN Business Centre

1 Guildford Street

Birmingham

West Midlands

B19 2HN

CURRENT ASSETS

Stocks

10,585

Debtors

4

2,110

Cash at bank and in hand

1,886

14,581

CREDITORS

Amounts falling due within one year

5

15,240

NET CURRENT LIABILITIES

(659

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(659

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(759

)

SHAREHOLDERS' FUNDS

(659

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2019 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 13 August 2021 and were signed by:

Mr Afzal Hussain - Director

1.	STATUTORY INFORMATION

BI Spice Ltd 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 period was 3 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

2,110

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

2,552

Taxation and social security

12,633

Other creditors

55

15,240

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Afzal Hussain.