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REGISTERED NUMBER: 06277476 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Ralph Toogood Kitchens Limited

Ralph Toogood Kitchens Limited (Registered number: 06277476)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ralph Toogood Kitchens Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: P Toogood





REGISTERED OFFICE: 1 Sidings Court
Old Bridge Road
Hornsea
East Yorkshire
HU18 1RP





REGISTERED NUMBER: 06277476 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Ralph Toogood Kitchens Limited (Registered number: 06277476)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,569 6,410

CURRENT ASSETS
Stocks 5 34,905 22,462
Debtors 6 10,553 18,841
Cash at bank 85,040 90,394
130,498 131,697
CREDITORS
Amounts falling due within one year 7 121,241 106,176
NET CURRENT ASSETS 9,257 25,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,826

31,931

CREDITORS
Amounts falling due after more than one
year

8

21,825

31,484
NET ASSETS 2,001 447

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,991 437
2,001 447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

Ralph Toogood Kitchens Limited (Registered number: 06277476)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2023 and were signed by:





P Toogood - Director


Ralph Toogood Kitchens Limited (Registered number: 06277476)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Ralph Toogood Kitchens 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors’ best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably and when the specific criteria relating to each of the company’s sales channels have been met, as described below.

The company designs, builds and fits kitchens for the general public, these services are provided on a time and material basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks 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 stocks to their present location and condition.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.


Ralph Toogood Kitchens Limited (Registered number: 06277476)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 (2022 - 4 ) .

Ralph Toogood Kitchens Limited (Registered number: 06277476)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022 43,596 27,390 70,986
Additions - 15,000 15,000
Disposals - (25,890 ) (25,890 )
At 31 July 2023 43,596 16,500 60,096
DEPRECIATION
At 1 August 2022 41,963 22,613 64,576
Charge for year 246 3,505 3,751
Eliminated on disposal - (22,800 ) (22,800 )
At 31 July 2023 42,209 3,318 45,527
NET BOOK VALUE
At 31 July 2023 1,387 13,182 14,569
At 31 July 2022 1,633 4,777 6,410

5. STOCKS
2023 2022
£    £   
Stocks 7,500 8,812
Work-in-progress 27,405 13,650
34,905 22,462

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 10,553 18,841

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 34,024 29,631
Taxation and social security 17,738 24,773
Other creditors 69,479 51,772
121,241 106,176

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 21,825 31,484

Ralph Toogood Kitchens Limited (Registered number: 06277476)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
P Toogood
Balance outstanding at start of year 8,476 10,320
Amounts advanced 29,438 26,156
Amounts repaid (38,237 ) (28,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (323 ) 8,476