Company Registration No. 09811308 (England and Wales)
Spice Labs Ltd
Unaudited accounts
for the year ended 30 September 2020
Spice Labs Ltd
Unaudited accounts
Contents
Spice Labs Ltd
Company Information
for the year ended 30 September 2020
Directors
Grace Regan
David Stephen Haimes
Alpesh Mukesh Chauhan
Sandor Hatvany
Company Number
09811308 (England and Wales)
Registered Office
Unit B06 Leyton Industrial Village
Argall Avenue
London
E10 7QP
Accountants
Bethan Davies
8
Clifton Park Road
BRISTOL
BS8 3HL
Spice Labs Ltd
Statement of financial position
as at
30 September 2020
Tangible assets
14,236
55,414
Cash at bank and in hand
394,357
28,893
Creditors: amounts falling due within one year
(79,788)
(47,472)
Net current assets/(liabilities)
323,944
(401)
Total assets less current liabilities
338,181
55,013
Creditors: amounts falling due after more than one year
(50,000)
-
Net assets
288,181
55,013
Called up share capital
2
1
Share premium
803,884
465,000
Profit and loss account
(515,705)
(409,988)
Shareholders' funds
288,181
55,013
For the year ending 30 September 2020 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2021 and were signed on its behalf by
Grace Regan
Director
Company Registration No. 09811308
Spice Labs Ltd
Notes to the Accounts
for the year ended 30 September 2020
Spice Labs Ltd is a private company, limited by shares, registered in England and Wales, registration number 09811308. The registered office is Unit B06 Leyton Industrial Village, Argall Avenue, London, E10 7QP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
to depreciate over terms of leases
Plant & machinery
to depreciate over 2 Years
Motor vehicles
to depreciate over 5 Years
Fixtures & fittings
to depreciate over 2 Years
Computer equipment
to depreciate over 2 Years
Other tangible fixed assets
to depreciate over 2 Years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Spice Labs Ltd
Notes to the Accounts
for the year ended 30 September 2020
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2019
32,397
1,431
78,534
419
112,781
Additions
1,260
-
5,681
115
7,056
Disposals
(24,768)
(1,431)
-
(75)
(26,274)
At 30 September 2020
8,889
-
84,215
459
93,563
At 1 October 2019
25,733
215
31,247
172
57,367
Charge for the year
5,750
95
41,050
218
47,113
On disposals
(24,768)
(310)
-
(75)
(25,153)
At 30 September 2020
6,715
-
72,297
315
79,327
At 30 September 2020
2,174
-
11,918
144
14,236
At 30 September 2019
6,664
1,216
47,287
247
55,414
6
Investments
Subsidiary undertakings
Valuation at 1 October 2019
-
Valuation at 30 September 2020
1
Trade debtors
1,560
8,201
Accrued income and prepayments
806
6,627
8
Creditors: amounts falling due within one year
2020
2019
Trade creditors
19,995
3,291
Taxes and social security
1,811
16,848
Other creditors
19,054
2,796
Loans from directors
24,278
24,267
9
Creditors: amounts falling due after more than one year
2020
2019
Spice Labs Ltd
Notes to the Accounts
for the year ended 30 September 2020
10
Transactions with related parties
At the year end date £2,256 was owed from SpiceBox Curry Houses Ltd, a wholly owned subsidiary.
There were no repayment terms in place for the settlement of this balance
11
Average number of employees
During the year the average number of employees was 14 (2019: 14).