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REGISTERED NUMBER: 09339436 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

MED KITCHEN EVENTS LTD

MED KITCHEN EVENTS LTD (REGISTERED NUMBER: 09339436)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MED KITCHEN EVENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: N M K Smith
S D M Hennekens





REGISTERED OFFICE: Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE





REGISTERED NUMBER: 09339436 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

MED KITCHEN EVENTS LTD (REGISTERED NUMBER: 09339436)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 28,648 35,420

CURRENT ASSETS
Debtors 5 36,663 17,569
Cash at bank and in hand 35,005 90,704
71,668 108,273
CREDITORS
Amounts falling due within one year 6 (116,991 ) (100,273 )
NET CURRENT (LIABILITIES)/ASSETS (45,323 ) 8,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,675

)

43,420

CREDITORS
Amounts falling due after more than one
year

7

(27,225

)

(33,000

)
NET (LIABILITIES)/ASSETS (43,900 ) 10,420

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (43,902 ) 10,418
SHAREHOLDERS' FUNDS (43,900 ) 10,420

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





N M K Smith - Director


MED KITCHEN EVENTS LTD (REGISTERED NUMBER: 09339436)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Med Kitchen Events 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 20% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation
Taxation for the year is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Going concern
The accounts have been drawn up on a going concern basis, as the directors have indicated forecasts and activity following the year end date are sufficient and therefore the company will continue to be a going concern for the foreseeable future.

Government grants
Government grants in the form of business interruption payments, covering the bank interest and fees on bank loans approved under the Coronavirus Bounce Back Loans Scheme, are included as other operating income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

MED KITCHEN EVENTS LTD (REGISTERED NUMBER: 09339436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 29,640 919 6,008 3,753 40,320
Additions - 64 - 1,235 1,299
At 28 February 2023 29,640 983 6,008 4,988 41,619
DEPRECIATION
At 1 March 2022 1,557 187 1,956 1,200 4,900
Charge for year 5,928 157 810 1,176 8,071
At 28 February 2023 7,485 344 2,766 2,376 12,971
NET BOOK VALUE
At 28 February 2023 22,155 639 3,242 2,612 28,648
At 28 February 2022 28,083 732 4,052 2,553 35,420

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 14,122 17,569
Tax 13,934 -
VAT 8,607 -
36,663 17,569

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,900 14,495
Trade creditors 6,759 7,697
Tax 35,411 28,810
Social security and other taxes 949 2,072
VAT - 1,376
Other Creditors 14,940 -
Directors' current accounts 46,687 43,370
Accruals and deferred income 2,345 2,453
116,991 100,273

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 9,900 9,900
Bank loans - 2-5 years 17,325 23,100
27,225 33,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the total balance outstanding for one director was £14,122 (2022: £17,568). The balance was interest free and repayable on demand.