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Registered number: 07138595

Kitchens & Worktops Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023

Prepared By:
Russ Hagger
SM3 9QR

Kitchens & Worktops Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
DIRECTORS
Russell Hagger
Denver Elson
REGISTERED OFFICE
Unit 1, Four Seasons Crescent
Sutton
Surrey
SM3 9QR
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07138595
BANKERS
HSBC, Barclays, Aldermore & Recognise
ACCOUNTANTS
Russ Hagger
SM3 9QR

Kitchens & Worktops Ltd

ACCOUNTS
FOR THEYEARENDED31/01/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Kitchens & Worktops Ltd

BALANCE SHEET AT 31/01/2023
20232022
Notes££
FIXED ASSETS
Tangible assets46,2066,778
CURRENT ASSETS
Stock94,56285,680
Debtors657,39895,000
Cash at bank and in hand166,860197,318
318,820377,998
CREDITORS: Amounts falling due within one year7194,174237,966
NET CURRENT ASSETS124,646140,032
TOTAL ASSETS LESS CURRENT LIABILITIES130,852146,810
CREDITORS: Amounts falling due after more than one year834,02743,694
NET ASSETS96,825103,116
CAPITAL AND RESERVES
Called up share capital91,0001,000
Share premium account1014,85014,850
Profit and loss account80,97587,266
SHAREHOLDERS' FUNDS96,825103,116
For the year ending 31/01/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/11/2023 and signed on their behalf by
.............................
Russell Hagger
Director

Kitchens & Worktops Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 12.5/25.00/33.33%%
Fixtures and Fittingsstraight line 20.00/33.33%%
Equipmentstraight line 20.00/25.00/33.33%%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Kitchens & Worktops Ltd

2. EMPLOYEES
20232022
No.No.
Average number of employees9-
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/02/2022600600
At 31/01/2023600600
Depreciation
At 01/02/2022600600
At 31/01/2023600600
Net Book Amounts
At 31/01/2023--
4. TANGIBLE FIXED ASSETS
Long LeaseholdPlant andFixtures
PropertiesMachineryand FittingsEquipmentTotal
£££££
Cost
At 01/02/20225,52751,2236,77310,80474,327
Additions-1,3001772,2573,734
At 31/01/20235,52752,5236,95013,06178,061
Depreciation
At 01/02/20225,52745,4556,34310,22467,549
For the year-3,3391438244,306
At 31/01/20235,52748,7946,48611,04871,855
Net Book Amounts
At 31/01/2023-3,7294642,0136,206
At 31/01/2022-5,7684305806,778

Kitchens & Worktops Ltd

5. STOCK 20232022
££
Stock comprises:
Stock raw materials45,21240,699
Work in progress6,7503,500
Stock of finished goods42,60041,481
94,56285,680
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors32,74538,509
Other debtors11,73212,203
Prepayments11,18838,115
Directors current account1,7336,173
57,39895,000
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax-6,687
Bank Loan-256
Payments received on account94,772113,908
Trade creditors55,56566,872
Other creditors21,33630,693
Accruals18,50519,550
UK Corporation Tax3,996-
194,174237,966
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr34,02743,694
34,02743,694

Kitchens & Worktops Ltd

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1.00 each10001000
1,0001,000
10. SHARE PREMIUM ACCOUNT 20232022
££
Share premium account14,85014,850