The Kitchen At (Winchester) Limited
Registered number: 12811532
Statement of Financial Position
as at 31 August 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 4 9,109 818
Current assets
Stocks 36,500 7,500
Debtors 5 38,648 4,220
Cash at bank and in hand 8,622 29,296
83,770 41,016
Creditors: amounts falling due within one year 6 (90,219) (24,936)
Net current (liabilities)/assets (6,449) 16,080
Total assets less current liabilities 2,660 16,898
Creditors: amounts falling due after more than one year 7 (2,659) -
Net assets 1 16,898
Capital and reserves
Called up share capital 1 1
Profit and loss account - 16,897
Shareholders' funds 1 16,898
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Shaughnessy
Director
Approved by the board on 23 October 2023
The Kitchen At (Winchester) Limited
Notes to the Accounts
for the year ended 31 August 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees and directors 2022 2021
Number Number
Average number of directors and persons employed by the company 18 13
3 Government grants
The company has received government grants under the coronavirus job retention scheme. These grants are shown in the profit and loss for the period in which the related salary expenditure was incurred.

The company also received a local authority small business grant the income is shown in the profit and loss in the period in which the funds were received.
2022 2021
£ £
Grants received under the covid job retention scheme - 34,607
Small business grant - 17,907
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2021 1,091
Additions 10,567
At 31 August 2022 11,658
Depreciation
At 1 September 2021 273
Charge for the year 2,276
At 31 August 2022 2,549
Net book value
At 31 August 2022 9,109
At 31 August 2021 818
5 Debtors 2022 2021
£ £
Trade debtors 6,163 3,700
Other debtors 32,485 520
38,648 4,220
6 Creditors: amounts falling due within one year 2022 2021
£ £
Obligations under finance lease and hire purchase contracts 3,191 -
Trade creditors 20,905 10,513
Accruals 4,142 1,020
Corporation tax 6,707 6,338
Other taxes and social security costs 33,229 4,988
Other creditors 22,045 2,077
90,219 24,936
7 Creditors: amounts falling due after one year 2022 2021
£ £
Obligations under finance lease and hire purchase contracts 2,659 -
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
B Shaughnessy
Repayable on demand 520 27,936 - 28,456
520 27,936 - 28,456
9 Other information
The Kitchen At (Winchester) Limited is a private company limited by shares and incorporated in England. Its registered office is:
15 Edwards Close
Kings Worthy
Winchester
SO23 7HX
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