IRIS Accounts Production v23.2.0.158 09449685 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure094496852022-02-28094496852023-02-28094496852022-03-012023-02-28094496852021-02-28094496852021-03-012022-02-28094496852022-02-2809449685ns16:EnglandWales2022-03-012023-02-2809449685ns15:PoundSterling2022-03-012023-02-2809449685ns11:Director12022-03-012023-02-2809449685ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2809449685ns11:SmallEntities2022-03-012023-02-2809449685ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2809449685ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2809449685ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2809449685ns11:FullAccounts2022-03-012023-02-2809449685ns11:Director22022-03-012023-02-2809449685ns11:RegisteredOffice2022-03-012023-02-2809449685ns6:CurrentFinancialInstruments2023-02-2809449685ns6:CurrentFinancialInstruments2022-02-2809449685ns6:Non-currentFinancialInstruments2023-02-2809449685ns6:Non-currentFinancialInstruments2022-02-2809449685ns6:ShareCapital2023-02-2809449685ns6:ShareCapital2022-02-2809449685ns6:RetainedEarningsAccumulatedLosses2023-02-2809449685ns6:RetainedEarningsAccumulatedLosses2022-02-2809449685ns6:LeaseholdImprovements2022-03-012023-02-2809449685ns6:PlantMachinery2022-03-012023-02-2809449685ns6:FurnitureFittings2022-03-012023-02-2809449685ns6:MotorVehicles2022-03-012023-02-2809449685ns6:ComputerEquipment2022-03-012023-02-2809449685ns6:LeaseholdImprovements2022-02-2809449685ns6:PlantMachinery2022-02-2809449685ns6:FurnitureFittings2022-02-2809449685ns6:LeaseholdImprovements2023-02-2809449685ns6:PlantMachinery2023-02-2809449685ns6:FurnitureFittings2023-02-2809449685ns6:LeaseholdImprovements2022-02-2809449685ns6:PlantMachinery2022-02-2809449685ns6:FurnitureFittings2022-02-2809449685ns6:MotorVehicles2022-02-2809449685ns6:ComputerEquipment2022-02-2809449685ns6:MotorVehicles2023-02-2809449685ns6:ComputerEquipment2023-02-2809449685ns6:MotorVehicles2022-02-2809449685ns6:ComputerEquipment2022-02-2809449685ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2809449685ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2809449685ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-02-2809449685ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-02-2809449685ns6:DeferredTaxation2022-02-2809449685ns6:DeferredTaxation2022-03-012023-02-2809449685ns6:DeferredTaxation2023-02-2809449685ns6:RetainedEarningsAccumulatedLosses2022-02-2809449685ns6:RetainedEarningsAccumulatedLosses2022-03-012023-02-28
REGISTERED NUMBER: 09449685 (England and Wales)















Unaudited Financial Statements For The Year Ended 28 February 2023

for

The Malthouse Kitchen Limited

The Malthouse Kitchen Limited (Registered number: 09449685)






Contents of the Financial Statements
For The Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Malthouse Kitchen Limited

Company Information
For The Year Ended 28 February 2023







DIRECTORS: V M A Abbott
M Abbott





REGISTERED OFFICE: Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE





REGISTERED NUMBER: 09449685 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

The Malthouse Kitchen Limited (Registered number: 09449685)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,281 31,443

CURRENT ASSETS
Debtors 5 31,779 35,748
Cash at bank and in hand 11,130 97,439
42,909 133,187
CREDITORS
Amounts falling due within one year 6 34,255 57,460
NET CURRENT ASSETS 8,654 75,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,935

107,170

CREDITORS
Amounts falling due after more than one
year

7

(28,996

)

(42,075

)

PROVISIONS FOR LIABILITIES 8 (1,733 ) (3,589 )
NET ASSETS 56,206 61,506

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 9 56,104 61,404
SHAREHOLDERS' FUNDS 56,206 61,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Malthouse Kitchen Limited (Registered number: 09449685)

Balance Sheet - continued
28 February 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 Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





M Abbott - Director


The Malthouse Kitchen Limited (Registered number: 09449685)

Notes to the Financial Statements
For The Year Ended 28 February 2023

1. STATUTORY INFORMATION

The Malthouse 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for baked goods provided.
Turnover is reduced for estimated customer returns, rebates and other similar allowances.Turnover from the sale of goods is recognised when goods are delivered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value

Taxation
Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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.

The Malthouse Kitchen Limited (Registered number: 09449685)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2022 15,291 87,364 75,948
Additions 60,393 2,816 -
At 28 February 2023 75,684 90,180 75,948
DEPRECIATION
At 1 March 2022 2,738 84,585 66,569
Charge for year 3,784 2,093 6,986
At 28 February 2023 6,522 86,678 73,555
NET BOOK VALUE
At 28 February 2023 69,162 3,502 2,393
At 28 February 2022 12,553 2,779 9,379

The Malthouse Kitchen Limited (Registered number: 09449685)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 27,718 1,130 207,451
Additions - - 63,209
At 28 February 2023 27,718 1,130 270,660
DEPRECIATION
At 1 March 2022 21,270 846 176,008
Charge for year 3,224 284 16,371
At 28 February 2023 24,494 1,130 192,379
NET BOOK VALUE
At 28 February 2023 3,224 - 78,281
At 28 February 2022 6,448 284 31,443

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 27,726 32,191
Other debtors 1,781 1,893
Prepayments 2,272 1,664
31,779 35,748

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,000 10,139
Hire purchase contracts 3,604 3,604
Trade creditors 7,019 7,261
Corporation tax 6,147 26,401
VAT 305 800
Other creditors 407 3,421
Directors' current accounts 4,338 3,734
Accrued expenses 2,435 2,100
34,255 57,460

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 2-5 years 27,503 37,363
Hire purchase contracts 1,493 4,712
28,996 42,075

The Malthouse Kitchen Limited (Registered number: 09449685)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023

8. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 1,733 3,589

Deferred
tax
£   
Balance at 1 March 2022 3,589
Credit to Income Statement during year (1,856 )
Balance at 28 February 2023 1,733

9. RESERVES
Retained
earnings
£   

At 1 March 2022 61,404
Profit for the year 14,700
Dividends (20,000 )
At 28 February 2023 56,104