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REGISTERED NUMBER: 09577905 (England and Wales)














REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

HOME & KITCHEN LIMITED

HOME & KITCHEN LIMITED (REGISTERED NUMBER: 09577905)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


HOME & KITCHEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: P Gubbay





SECRETARY: Ms S Zainuddin





REGISTERED OFFICE: 7 Praed Street
London
W2 1NJ





REGISTERED NUMBER: 09577905 (England and Wales)






HOME & KITCHEN LIMITED (REGISTERED NUMBER: 09577905)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31ST MARCH 2023


The director presents his report with the financial statements of the company for the year ended 31st March 2023.

DIRECTOR
P Gubbay held office during the whole of the period from 1st April 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P Gubbay - Director


15th November 2023

HOME & KITCHEN LIMITED (REGISTERED NUMBER: 09577905)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2023

2023 2022
£ £

TURNOVER 19,956 27,691

Cost of sales (10,422 ) (12,710 )
GROSS PROFIT 9,534 14,981

Administrative expenses (89,402 ) (87,580 )
OPERATING LOSS and
LOSS BEFORE TAXATION (79,868 ) (72,599 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (79,868 ) (72,599 )

HOME & KITCHEN LIMITED (REGISTERED NUMBER: 09577905)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £
FIXED ASSETS
Tangible assets 4 418 202

CURRENT ASSETS
Stocks 22,287 26,731
Debtors 5 86,172 55,685
Cash at bank and in hand 6,922 9,530
115,381 91,946
CREDITORS
Amounts falling due within one year 6 (597,916 ) (494,397 )
NET CURRENT LIABILITIES (482,535 ) (402,451 )
TOTAL ASSETS LESS CURRENT LIABILITIES (482,117 ) (402,249 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (483,117 ) (403,249 )
(482,117 ) (402,249 )

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

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 15th November 2023 and were signed by:





P Gubbay - Director


HOME & KITCHEN LIMITED (REGISTERED NUMBER: 09577905)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Home & Kitchen 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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover represents consideration received for goods sold less returns and value added tax. Revenue is recognised at the point of sale to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixture and fittings - 25% straight line basis
Computer equipment - 25% staring line basis

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.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

The aggregate benefit of the lease incentive is recognised as a reduction to expense over the lease term, on a straight line basis.

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.

HOME & KITCHEN LIMITED (REGISTERED NUMBER: 09577905)

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


2. ACCOUNTING POLICIES - continued

Going concern
The directors have prepared the financial statements on the going concern basis. In preparing the financial statements on this basis, the directors have prepared trading and cash flow projections for the foreseeable future that show that the company can meet liabilities as they fall due.

At year end, the company owes an amount of £419,999 (2022: £369,999) to group companies. The directors of those companies have confirmed that the loans due will not be recalled until the company can afford the repayments, and on this basis they believe it is appropriate to adopt the going concern basis in the preparation of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st April 2022 25,098
Additions 285
At 31st March 2023 25,383
DEPRECIATION
At 1st April 2022 24,896
Charge for year 69
At 31st March 2023 24,965
NET BOOK VALUE
At 31st March 2023 418
At 31st March 2022 202

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 1,928 621
Other debtors 84,244 55,064
86,172 55,685

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 107,748 78,948
Amounts owed to group undertakings 419,999 369,999
Taxation and social security 777 890
Other creditors 69,392 44,560
597,916 494,397