Registered number
05453101
UK Cook Shop Limited
Filleted Accounts
31 May 2023
UK Cook Shop Limited
Registered number: 05453101
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 41,392 49,950
Current assets
Stocks 6,000 6,000
Cash at bank and in hand 3,793 465
9,793 6,465
Creditors: amounts falling due within one year 4 (35,928) (37,778)
Net current liabilities (26,135) (31,313)
Total assets less current liabilities 15,257 18,637
Creditors: amounts falling due after more than one year 5 (11,969) (17,794)
Net assets 3,288 843
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,188 743
Shareholders' funds 3,288 843
The director is 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 director acknowledges his 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 and delivered 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.
Mr D J Sharp
Director
Approved by the board on 14 November 2023
UK Cook Shop Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 3 to 10 years
Fixtures, fittings, tools and equipment over 3 to 10 years
Stocks
Stocks 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 (which is usually the invoice 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 (which is usually the invoice 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 10
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 162,968
At 31 May 2023 162,968
Depreciation
At 1 June 2022 113,018
Charge for the year 8,558
At 31 May 2023 121,576
Net book value
At 31 May 2023 41,392
At 31 May 2022 49,950
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 14,059 18,285
Trade creditors 7,452 8,373
Taxation and social security costs 11,780 9,547
Other creditors 2,637 1,573
35,928 37,778
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 11,969 17,794
6 Other information
UK Cook Shop Limited is a private company limited by shares and incorporated in England. Its registered office is:
35 High Street
Hurstpierpoint
West Sussex
BN6 9TT
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