36 31/01/2023 2023-01-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-02-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 07907215 2022-02-01 2023-01-31 07907215 2023-01-31 07907215 2022-01-31 07907215 2021-02-01 2022-01-31 07907215 2022-01-31 07907215 2021-01-31 07907215 core:MotorVehicles 2022-02-01 2023-01-31 07907215 core:OnerousContractsExcludingVacantProperties 2022-02-01 2023-01-31 07907215 bus:RegisteredOffice 2022-02-01 2023-01-31 07907215 bus:LeadAgentIfApplicable 2022-02-01 2023-01-31 07907215 bus:Director1 2022-02-01 2023-01-31 07907215 bus:Director2 2022-02-01 2023-01-31 07907215 core:PlantMachinery 2022-01-31 07907215 core:FurnitureFittingsToolsEquipment 2022-01-31 07907215 core:MotorVehicles 2022-01-31 07907215 core:PlantMachinery 2023-01-31 07907215 core:FurnitureFittingsToolsEquipment 2023-01-31 07907215 core:MotorVehicles 2023-01-31 07907215 core:WithinOneYear 2023-01-31 07907215 core:WithinOneYear 2022-01-31 07907215 core:AfterOneYear 2023-01-31 07907215 core:AfterOneYear 2022-01-31 07907215 core:PlantMachinery 2022-02-01 2023-01-31 07907215 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 07907215 core:ShareCapital 2023-01-31 07907215 core:ShareCapital 2022-01-31 07907215 core:SharePremium 2023-01-31 07907215 core:SharePremium 2022-01-31 07907215 core:RetainedEarningsAccumulatedLosses 2023-01-31 07907215 core:RetainedEarningsAccumulatedLosses 2022-01-31 07907215 core:PlantMachinery 2022-01-31 07907215 core:MotorVehicles 2022-01-31 07907215 bus:Director1 2022-01-31 07907215 bus:Director1 2023-01-31 07907215 bus:Director2 2022-01-31 07907215 bus:Director2 2023-01-31 07907215 bus:Director1 2021-01-31 07907215 bus:Director1 2022-01-31 07907215 bus:Director2 2021-01-31 07907215 bus:Director2 2022-01-31 07907215 bus:Director1 2021-02-01 2022-01-31 07907215 bus:Director2 2021-02-01 2022-01-31 07907215 bus:SmallEntities 2022-02-01 2023-01-31 07907215 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 07907215 bus:FullAccounts 2022-02-01 2023-01-31 07907215 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 07907215 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 07907215 core:OfficeEquipment 2022-02-01 2023-01-31 07907215 core:OfficeEquipment 2022-01-31 07907215 core:OfficeEquipment 2023-01-31
Company registration number: 07907215
The Temporary Kitchen Company Ltd
Unaudited filleted financial statements
31 January 2023
The Temporary Kitchen Company Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
The Temporary Kitchen Company Ltd
Directors and other information
Directors Mr Stephen Trollope
Mrs Emma Trollope
Company number 07907215
Registered office Cholmondeley House
Dee Hills Park
Chester
Cheshire
CH3 5AR
Accountants Hargreaves & Woods
Cholmondeley House
Dee Hills Park
Chester
CH3 5AR
Solicitors O'Connors
The Plaza, 100 Old Hall Street
Liverpool
L3 9QJ
The Temporary Kitchen Company Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of The Temporary Kitchen Company Ltd
Year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Temporary Kitchen Company Ltd for the year ended 31 January 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of The Temporary Kitchen Company Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Temporary Kitchen Company Ltd and state those matters that we have agreed to state to the board of directors of The Temporary Kitchen Company Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Temporary Kitchen Company Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that The Temporary Kitchen Company Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Temporary Kitchen Company Ltd. You consider that The Temporary Kitchen Company Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of The Temporary Kitchen Company Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hargreaves & Woods
Chartered Accountants
Cholmondeley House
Dee Hills Park
Chester
CH3 5AR
The Temporary Kitchen Company Ltd
Statement of financial position
31 January 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 322,401 234,100
_______ _______
322,401 234,100
Current assets
Debtors 6 873,248 905,604
Cash at bank and in hand 303,973 771,679
_______ _______
1,177,221 1,677,283
Creditors: amounts falling due
within one year 7 ( 428,295) ( 504,238)
_______ _______
Net current assets 748,926 1,173,045
_______ _______
Total assets less current liabilities 1,071,327 1,407,145
Creditors: amounts falling due
after more than one year 8 ( 187,155) ( 192,523)
_______ _______
Net assets 884,172 1,214,622
_______ _______
Capital and reserves
Called up share capital 100 100
Share premium account 152,986 152,986
Profit and loss account 731,086 1,061,536
_______ _______
Shareholders funds 884,172 1,214,622
_______ _______
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 October 2023 , and are signed on behalf of the board by:
Mr Stephen Trollope
Director
Company registration number: 07907215
The Temporary Kitchen Company Ltd
Notes to the financial statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Cholmondeley House, Dee Hills Park, Chester, Cheshire, CH3 5AR.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 3 years straight line
Motor vehicles - 25 % reducing balance
Office Equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 36 (2022: 55 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Office Equipment Total
£ £ £ £ £
Cost
At 1 February 2022 31,043 3,091,975 433,189 34,331 3,590,538
Additions 17,463 - 188,878 - 206,341
Disposals - - ( 18,798) - ( 18,798)
_______ _______ _______ _______ _______
At 31 January 2023 48,506 3,091,975 603,269 34,331 3,778,081
_______ _______ _______ _______ _______
Depreciation
At 1 February 2022 12,392 3,091,975 231,497 20,572 3,356,436
Charge for the year 9,029 - 94,999 3,440 107,468
Disposals - - ( 8,224) - ( 8,224)
_______ _______ _______ _______ _______
At 31 January 2023 21,421 3,091,975 318,272 24,012 3,455,680
_______ _______ _______ _______ _______
Carrying amount
At 31 January 2023 27,085 - 284,997 10,319 322,401
_______ _______ _______ _______ _______
At 31 January 2022 18,651 - 201,692 13,759 234,102
_______ _______ _______ _______ _______
6. Debtors
2023 2022
£ £
Trade debtors 473,629 547,447
Amounts owed by group undertakings and undertakings in which the company has a participating interest 324,318 315,090
Other debtors 75,301 43,067
_______ _______
873,248 905,604
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 49,169 90,933
Trade creditors 66,662 46,485
Corporation tax 100,850 142,647
Social security and other taxes 92,365 125,075
Other creditors 119,249 99,098
_______ _______
428,295 504,238
_______ _______
8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 34,000 83,782
Other creditors 153,155 108,741
_______ _______
187,155 192,523
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Stephen Trollope 4,755 ( 5,564) ( 809)
Mrs Emma Trollope ( 2,922) ( 5,171) ( 8,093)
_______ _______ _______
1,833 ( 10,735) ( 8,902)
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Stephen Trollope 5,184 ( 429) 4,755
Mrs Emma Trollope ( 2,526) ( 396) ( 2,922)
_______ _______ _______
2,658 ( 825) 1,833
_______ _______ _______