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REGISTERED NUMBER: SC514913 (Scotland)












Financial Statements

for the Year Ended 31 July 2018

for

Creative Kitchen Solutions Limited

Creative Kitchen Solutions Limited (Registered number: SC514913)






Contents of the Financial Statements
for the Year Ended 31 July 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Creative Kitchen Solutions Limited

Company Information
for the Year Ended 31 July 2018







DIRECTOR: I C McLachlan





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC514913 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Creative Kitchen Solutions Limited (Registered number: SC514913)

Balance Sheet
31 July 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 20,000
Property, plant and equipment 5 18,188 24,021
33,188 44,021

CURRENT ASSETS
Inventories 15,068 6,000
Debtors 6 15,686 12,236
Cash at bank 3,215 9,652
33,969 27,888
CREDITORS
Amounts falling due within one year 7 38,123 58,239
NET CURRENT LIABILITIES (4,154 ) (30,351 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,034

13,670

CREDITORS
Amounts falling due after more than one
year

8

(11,683

)

(16,334

)

PROVISIONS FOR LIABILITIES (2,690 ) (315 )
NET ASSETS/(LIABILITIES) 14,661 (2,979 )

CAPITAL AND RESERVES
Called up share capital 100 1
Retained earnings 14,561 (2,980 )
SHAREHOLDERS' FUNDS 14,661 (2,979 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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.

Creative Kitchen Solutions Limited (Registered number: SC514913)

Balance Sheet - continued
31 July 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 1 October 2018 and were signed by:





I C McLachlan - Director


Creative Kitchen Solutions Limited (Registered number: SC514913)

Notes to the Financial Statements
for the Year Ended 31 July 2018

1. STATUTORY INFORMATION

Creative Kitchen Solutions Limited is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue
Revenue represents the amounts derived from the provision of goods and services, excluding value added tax and
trade discounts.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Franchise costs are being amortised evenly over their estimated useful life of five years.

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
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Creative Kitchen Solutions Limited (Registered number: SC514913)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2018

2. ACCOUNTING POLICIES - continued

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 year was 3 (2017 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
costs
£   
COST
At 1 August 2017
and 31 July 2018 25,000
AMORTISATION
At 1 August 2017 5,000
Amortisation for year 5,000
At 31 July 2018 10,000
NET BOOK VALUE
At 31 July 2018 15,000
At 31 July 2017 20,000

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2017 25,046 1,215 26,261
Additions 500 - 500
At 31 July 2018 25,546 1,215 26,761
DEPRECIATION
At 1 August 2017 1,835 405 2,240
Charge for year 5,928 405 6,333
At 31 July 2018 7,763 810 8,573
NET BOOK VALUE
At 31 July 2018 17,783 405 18,188
At 31 July 2017 23,211 810 24,021

Creative Kitchen Solutions Limited (Registered number: SC514913)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 6,043 2,857
Other debtors 9,643 9,379
15,686 12,236

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 5,697 5,697
Trade creditors 2,137 -
Taxation and social security 11,741 3,812
Other creditors 18,548 48,730
38,123 58,239

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 11,683 16,334