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REGISTERED NUMBER: 12254165 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Kitchen Direct Ltd

Kitchen Direct Ltd (Registered number: 12254165)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kitchen Direct Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Ms M I Todorova





REGISTERED OFFICE: 239 King Henrys Drive
New Addington
Croydon
CR0 0AE





REGISTERED NUMBER: 12254165 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

Kitchen Direct Ltd (Registered number: 12254165)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 143,666 83,414

CURRENT ASSETS
Stocks 5 10,745 5,388
Debtors 6 254,548 190,786
Cash at bank 2,569 75,623
267,862 271,797
CREDITORS
Amounts falling due within one
year

7

211,510

170,875
NET CURRENT ASSETS 56,352 100,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,018

184,336

CREDITORS
Amounts falling due after more
than one year

8

35,417

41,667
NET ASSETS 164,601 142,669

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 164,600 142,668
SHAREHOLDERS' FUNDS 164,601 142,669

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Kitchen Direct Ltd (Registered number: 12254165)

Balance Sheet - continued
31 March 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 21 November 2023 and were signed by:





Ms M I Todorova - Director


Kitchen Direct Ltd (Registered number: 12254165)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Kitchen Direct Ltd 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Kitchen Direct Ltd (Registered number: 12254165)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 93,343 15,000 3,568 111,911
Additions 93,562 12,500 2,079 108,141
At 31 March 2023 186,905 27,500 5,647 220,052
DEPRECIATION
At 1 April 2022 23,336 3,750 1,411 28,497
Charge for year 40,892 5,938 1,059 47,889
At 31 March 2023 64,228 9,688 2,470 76,386
NET BOOK VALUE
At 31 March 2023 122,677 17,812 3,177 143,666
At 31 March 2022 70,007 11,250 2,157 83,414

5. STOCKS
31.3.23 31.3.22
£    £   
Work-in-progress 10,745 5,388

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 143,106 94,790
Other debtors 111,442 95,996
254,548 190,786

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 6,250 6,250
Trade creditors 60,782 110,905
Taxation and social security 73,599 48,250
Other creditors 70,879 5,470
211,510 170,875

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 35,417 41,667

Kitchen Direct Ltd (Registered number: 12254165)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 April 2022 142,668
Profit for the year 66,932
Dividends (45,000 )
At 31 March 2023 164,600

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £45,000 (2022 - £58,200) were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The controlling party is Ms M I Todorova.

By virtue of being the sole director of the company and controls 100% of the ordinary share capital of the company.