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REGISTERED NUMBER: 09577905 (England and Wales)














REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

FOR

HOME & KITCHEN LIMITED

HOME & KITCHEN LIMITED (REGISTERED NUMBER: 09577905)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022










Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


HOME & KITCHEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2022







DIRECTOR: P Gubbay





SECRETARY: Ms S Zainuddin





REGISTERED OFFICE: 7 Praed Street
London
W2 1NJ





REGISTERED NUMBER: 09577905 (England and Wales)






HOME & KITCHEN LIMITED (REGISTERED NUMBER: 09577905)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31ST MARCH 2022


The director presents his report with the financial statements of the company for the year ended 31st March 2022.

DIRECTOR
P Gubbay held office during the whole of the period from 1st April 2021 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P Gubbay - Director


12th September 2022

HOME & KITCHEN LIMITED (REGISTERED NUMBER: 09577905)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2022

2022 2021
£ £

TURNOVER 27,691 48,956

Cost of sales (12,710 ) (11,545 )
GROSS PROFIT 14,981 37,411

Administrative expenses (87,580 ) (82,191 )
OPERATING LOSS and
LOSS BEFORE TAXATION (72,599 ) (44,780 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (72,599 ) (44,780 )

HOME & KITCHEN LIMITED (REGISTERED NUMBER: 09577905)

BALANCE SHEET
31ST MARCH 2022

2022 2021
Notes £ £
FIXED ASSETS
Tangible assets 4 202 -

CURRENT ASSETS
Stocks 26,731 29,784
Debtors 5 55,685 28,710
Cash at bank and in hand 9,530 21,689
91,946 80,183
CREDITORS
Amounts falling due within one year 6 (494,397 ) (409,833 )
NET CURRENT LIABILITIES (402,451 ) (329,650 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(402,249

)

(329,650

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (403,249 ) (330,650 )
(402,249 ) (329,650 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 12th September 2022 and were signed by:





P Gubbay - Director


HOME & KITCHEN LIMITED (REGISTERED NUMBER: 09577905)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022


1. STATUTORY INFORMATION

Home & Kitchen Limited is a private company, limited by shares , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover represents consideration received for goods sold less returns and value added tax. Revenue is recognised at the point of sale to the customer.

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

Fixture and fittings - 25% straight line basis
Computer equipment - 25% staring line basis

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

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.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

The aggregate benefit of the lease incentive is recognised as a reduction to expense over the lease term, on a straight line basis.

HOME & KITCHEN LIMITED (REGISTERED NUMBER: 09577905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022


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.

Going concern
The directors have prepared the financial statements on the going concern basis. In preparing the financial statements on this basis, the directors have prepared trading and cash flow projections for the foreseeable future that show that the company can meet liabilities as they fall due.

At year end, the company owes an amount of £369,999 (2021: £334,999) to group companies. The directors of those companies have confirmed that the loans due will not be recalled until the company can afford the repayments, and on this basis they believe it is appropriate to adopt the going concern basis in the preparation of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st April 2021 24,892
Additions 206
At 31st March 2022 25,098
DEPRECIATION
At 1st April 2021 24,892
Charge for year 4
At 31st March 2022 24,896
NET BOOK VALUE
At 31st March 2022 202

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors 621 576
Other debtors 55,064 28,134
55,685 28,710

HOME & KITCHEN LIMITED (REGISTERED NUMBER: 09577905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors 78,948 56,377
Amounts owed to group undertakings 369,999 334,999
Taxation and social security 890 426
Other creditors 44,560 18,031
494,397 409,833