Abbreviated Company Accounts - UK SPICE AND INGREDIENTS LTD

Abbreviated Company Accounts - UK SPICE AND INGREDIENTS LTD

UK SPICE AND INGREDIENTS LTD - Company Information

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Registered Number 05543607

UK SPICE AND INGREDIENTS LTD

Abbreviated Accounts

31 August 2016

UK SPICE AND INGREDIENTS LTD Registered Number 05543607

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,775,500 1,748,232
1,775,500 1,748,232
Current assets
Stocks - 80,533
Debtors 550,000 616,096
Cash at bank and in hand 620,000 457,742
1,170,000 1,154,371
Creditors: amounts falling due within one year (966,559) (1,672,541)
Net current assets (liabilities) 203,441 (518,170)
Total assets less current liabilities 1,978,941 1,230,062
Creditors: amounts falling due after more than one year (1,324,117) (689,952)
Total net assets (liabilities) 654,824 540,110
Capital and reserves
Called up share capital 5,100 5,100
Profit and loss account 649,724 535,010
Shareholders' funds 654,824 540,110
  • 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 31 March 2017

And signed on their behalf by:
R Khanna, Director

UK SPICE AND INGREDIENTS LTD Registered Number 05543607

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 represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets and depreciation
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, as follows:
Fixtures, fittings & equipment 25% Straight line basis
Investment property - not depreciated

2Tangible fixed assets
£
Cost
At 1 September 2015 1,755,086
Additions 29,820
Disposals -
Revaluations -
Transfers -
At 31 August 2016 1,784,906
Depreciation
At 1 September 2015 6,854
Charge for the year 2,552
On disposals -
At 31 August 2016 9,406
Net book values
At 31 August 2016 1,775,500
At 31 August 2015 1,748,232