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REGISTERED NUMBER: 07953615 (England and Wales)















Kettle and Toaster Man Limited

Unaudited Financial Statements

for the Year Ended 5 April 2023






Kettle and Toaster Man Limited (Registered number: 07953615)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Kettle and Toaster Man Limited

Company Information
for the Year Ended 5 April 2023







DIRECTOR: W Bennett





REGISTERED OFFICE: 76 High Street
Brierley Hill
West Midlands
DY5 3AW





BUSINESS ADDRESS: WJB House
Thorns Road
Brierley Hill
West Midlands
DY5 2LD





REGISTERED NUMBER: 07953615 (England and Wales)





ACCOUNTANTS: JMC Accountants & Tax Advisers Ltd
76 High Street
Brierley Hill
West Midlands
DY5 3AW

Kettle and Toaster Man Limited (Registered number: 07953615)

Balance Sheet
5 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,220 37,594

CURRENT ASSETS
Stocks 300,000 300,000
Debtors 5 127,891 128,059
Cash at bank and in hand 19,950 11,657
447,841 439,716
CREDITORS
Amounts falling due within one year 6 269,853 246,488
NET CURRENT ASSETS 177,988 193,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,208

230,822

CREDITORS
Amounts falling due after more than one
year

7

(54,646

)

(55,924

)

PROVISIONS FOR LIABILITIES (9,922 ) (7,142 )
NET ASSETS 165,640 167,756

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 165,540 167,656
165,640 167,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

Kettle and Toaster Man Limited (Registered number: 07953615)

Balance Sheet - continued
5 April 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 24 October 2023 and were signed by:





W Bennett - Director


Kettle and Toaster Man Limited (Registered number: 07953615)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

Kettle and Toaster Man 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.

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.

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.

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.

Kettle and Toaster Man Limited (Registered number: 07953615)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 6 April 2022 2,930 46,795 7,833 57,558
Additions 805 30,624 - 31,429
At 5 April 2023 3,735 77,419 7,833 88,987
DEPRECIATION
At 6 April 2022 1,486 14,734 3,744 19,964
Charge for year 338 15,671 794 16,803
At 5 April 2023 1,824 30,405 4,538 36,767
NET BOOK VALUE
At 5 April 2023 1,911 47,014 3,295 52,220
At 5 April 2022 1,444 32,061 4,089 37,594

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 116,698 87,051
Amounts owed by group undertakings - 29,500
Other debtors 11,193 11,508
127,891 128,059

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,429 10,000
Hire purchase contracts (see note 8) 14,996 11,371
Trade creditors 43,431 31,436
Amounts owed to group undertakings 33,000 -
Amounts owed to participating interests 20,900 20,900
Taxation and social security 14,074 3,077
Other creditors 116,023 169,704
269,853 246,488

Included within other creditors is an amount owing to the director of the company in the sum of £112,332 (2022 £166406)

Kettle and Toaster Man Limited (Registered number: 07953615)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,500 32,500
Hire purchase contracts (see note 8) 32,146 23,424
54,646 55,924

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 14,996 11,371
Between one and five years 32,146 23,424
47,142 34,795

Non-cancellable operating leases
2023 2022
£    £   
Within one year 10,178 -
Between one and five years 11,027 -
21,205 -

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is WJB Property Limited.