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REGISTERED NUMBER: 09393154 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

STANMORE KITCHENS LTD

STANMORE KITCHENS LTD (REGISTERED NUMBER: 09393154)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANMORE KITCHENS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr K Kusman





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 09393154 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

STANMORE KITCHENS LTD (REGISTERED NUMBER: 09393154)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 82,332 96,971

CURRENT ASSETS
Debtors 5 326,275 86,026
Cash at bank 37,971 307,104
364,246 393,130
CREDITORS
Amounts falling due within one year 6 (284,574 ) (330,685 )
NET CURRENT ASSETS 79,672 62,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,004

159,416

CREDITORS
Amounts falling due after more than one year 7 - (24,338 )

PROVISIONS FOR LIABILITIES 9 (15,643 ) (16,582 )
NET ASSETS 146,361 118,496

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 146,261 118,396
SHAREHOLDERS' FUNDS 146,361 118,496

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

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

STANMORE KITCHENS LTD (REGISTERED NUMBER: 09393154)

BALANCE SHEET - continued
31 JANUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2023 and were signed by:





Mr K Kusman - Director


STANMORE KITCHENS LTD (REGISTERED NUMBER: 09393154)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Stanmore Kitchens Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - evenly over the period of the lease
Plant and machinery - 25% on reducing balance and evenly over the period of the lease
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
Grants are recognised over the period in which the associated costs are incurred.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

STANMORE KITCHENS LTD (REGISTERED NUMBER: 09393154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued

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 8 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 10,554 246,661 29,240 5,348 291,803
Additions - 10,875 - - 10,875
At 31 January 2023 10,554 257,536 29,240 5,348 302,678
DEPRECIATION
At 1 February 2022 6,332 181,023 5,536 1,941 194,832
Charge for year 1,055 19,159 4,448 852 25,514
At 31 January 2023 7,387 200,182 9,984 2,793 220,346
NET BOOK VALUE
At 31 January 2023 3,167 57,354 19,256 2,555 82,332
At 31 January 2022 4,222 65,638 23,704 3,407 96,971

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 10,079 35,510
Amounts owed by group undertakings 255,000 -
Other debtors 61,196 50,516
326,275 86,026

STANMORE KITCHENS LTD (REGISTERED NUMBER: 09393154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 32,410 29,226
Taxation and social security 43,750 53,537
Other creditors 208,414 247,922
284,574 330,685

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Other creditors - 24,338

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.23 31.1.22
£    £   
Within one year 57,000 57,000
Between one and five years 133,989 190,989
190,989 247,989

9. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 15,643 16,582

Deferred
tax
£   
Balance at 1 February 2022 16,582
Provided during year (939 )
Balance at 31 January 2023 15,643

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

STANMORE KITCHENS LTD (REGISTERED NUMBER: 09393154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


11. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of employees and director. Amounts charged to the profit and loss account were £5,831 (2022: £5,720) for the year. At the balance sheet date there were outstanding employer contributions of £508 (2022: £531).

12. ULTIMATE CONTROLLING PARTY

The company is owned by KNKNG Holdings Limited

The ultimate controlling party is Mr K Kusman.