Abbreviated Company Accounts - EASTERN SPICE (CLECKHEATON) LIMITED

EASTERN SPICE (CLECKHEATON) LIMITED - Company Information

05209471 EASTERN SPICE (CLECKHEATON) LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true 05209471 2015-09-01 2016-08-31 05209471 2016-08-31 05209471 2015-08-31 05209471 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 05209471 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:Director3 2015-09-01 2016-08-31 uk-gaap-cd-bus:Director3 2016-08-31 uk-gaap-cd-bus:Director3 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number 05209471

EASTERN SPICE (CLECKHEATON) LIMITED

Abbreviated Accounts

31 August 2016

EASTERN SPICE (CLECKHEATON) LIMITED Registered Number 05209471

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	20,000	20,000
Tangible assets	3	1,763	2,204
		21,763	22,204
Current assets
Stocks		7,050	6,025
Debtors		2,370	3,724
Cash at bank and in hand		55,648	46,939
		65,068	56,688
Creditors: amounts falling due within one year		(16,012)	(19,677)
Net current assets (liabilities)		49,056	37,011
Total assets less current liabilities		70,819	59,215
Creditors: amounts falling due after more than one year		(22,032)	(25,264)
Total net assets (liabilities)		48,787	33,951
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		48,785	33,949
Shareholders' funds		48,787	33,951

For the year ending 31 August 2016 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 24 May 2017

And signed on their behalf by:
MR WASEEM MUSHTAQ, Director

EASTERN SPICE (CLECKHEATON) LIMITED Registered Number 05209471

Notes to the Abbreviated Accounts for the period ended 31 August 2016

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 comprises invoiced sales net of returns, trade discounts and VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life on a reducing balance method as follows:
Fixture and fittings 20%
Motor vehicles 20%

Intangible assets amortisation policy
NONE

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after allowing for slow-moving and obsolete items.

Other accounting policies
Corporation tax payable is provided for on taxable profits at the current rate.

2Intangible fixed assets

	£
Cost
At 1 September 2015	20,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	20,000
Amortisation
At 1 September 2015	-
Charge for the year	-
On disposals	-
At 31 August 2016	-
Net book values
At 31 August 2016	20,000
At 31 August 2015	20,000

3Tangible fixed assets

	£
Cost
At 1 September 2015	10,035
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	10,035
Depreciation
At 1 September 2015	7,831
Charge for the year	441
On disposals	-
At 31 August 2016	8,272
Net book values
At 31 August 2016	1,763
At 31 August 2015	2,204

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2

5Transactions with directors

Name of director receiving advance or credit:	MR WASEEM MUSHTAQ
Description of the transaction:	DIRECTOR
Balance at 1 September 2015:	£ 25,264
Advances or credits made:	£ 24,201
Advances or credits repaid:	£ 27,433
Balance at 31 August 2016:	£ 22,032

The ultimate controlling parties are MR WASEEM MUSHTAQ and MR MUSHTAQ HUSSAIN by virtue of their ownership of 50% each in the ordinary share capital of the company.