Cumin Spice Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07918274

Abbreviated Accounts for the Year Ended 31 January 2015

for

Cumin Spice Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr Montab Ali

REGISTERED OFFICE:

19 London Street

Faringdon

Oxfordshire

SN7 7AG

REGISTERED NUMBER:

07918274

ACCOUNTANTS:

JSS & Co Accountants

26 Thorney Lane South

Iver

Buckinghamshire

SL0 9AE

FIXED ASSETS

Tangible assets

2

5,940

5,794

CURRENT ASSETS

Stocks

3,325

3,250

Cash at bank and in hand

9,761

7,117

13,086

10,367

CREDITORS

Amounts falling due within one year

11,245

10,425

NET CURRENT ASSETS/(LIABILITIES)

1,841

(58

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,781

5,736

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

7,681

5,636

SHAREHOLDERS' FUNDS

7,781

5,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 October 2015 and were signed by:

Mr Montab Ali - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Stocks

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

items.

Deferred tax

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

7,674

Additions

1,194

At 31 January 2015

8,868

DEPRECIATION

At 1 February 2014

1,880

Charge for year

1,048

At 31 January 2015

2,928

NET BOOK VALUE

At 31 January 2015

5,940

At 31 January 2014

5,794

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

£

100

Ordinary

1

100

100