0 false false true false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 12675714 2022-04-01 2023-03-31 12675714 2023-03-31 12675714 2022-03-31 12675714 bus:Director1 2022-04-01 2023-03-31 12675714 core:WithinOneYear 2023-03-31 12675714 core:WithinOneYear 2022-03-31 12675714 core:AfterOneYear 2023-03-31 12675714 core:ShareCapital 2023-03-31 12675714 core:ShareCapital 2022-03-31 12675714 core:SharePremium 2023-03-31 12675714 core:SharePremium 2022-03-31 12675714 core:RetainedEarningsAccumulatedLosses 2023-03-31 12675714 core:RetainedEarningsAccumulatedLosses 2022-03-31 12675714 bus:Director1 2021-03-31 12675714 bus:SmallEntities 2022-04-01 2023-03-31 12675714 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12675714 bus:FullAccounts 2022-04-01 2023-03-31 12675714 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 12675714 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 12675714
SIMPLE HEALTH KITCHEN HOLDINGS LIMITED
Filleted Unaudited Financial Statements
31 March 2023
SIMPLE HEALTH KITCHEN HOLDINGS LIMITED
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Current assets
Debtors
4
234,905
215,061
Investments
5
320,750
320,750
Cash at bank and in hand
96,117
59,357
---------
---------
651,772
595,168
Creditors: amounts falling due within one year
6
26,497
11,824
---------
---------
Net current assets
625,275
583,344
---------
---------
Total assets less current liabilities
625,275
583,344
Creditors: amounts falling due after more than one year
7
2,400
---------
---------
Net assets
622,875
583,344
---------
---------
Capital and reserves
Called up share capital
151
151
Share premium account
519,999
519,999
Profit and loss account
102,725
63,194
---------
---------
Shareholders funds
622,875
583,344
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SIMPLE HEALTH KITCHEN HOLDINGS LIMITED
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 24 November 2023 , and are signed on behalf of the board by:
Hill
Director
Company registration number: 12675714
SIMPLE HEALTH KITCHEN HOLDINGS LIMITED
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 Syon Lane, Isleworth, TW7 5NQ, Middlesex.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Debtors
2023
2022
£
£
Other debtors
234,905
215,061
---------
---------
5. Investments
2023
2022
£
£
Other investments
320,750
320,750
---------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
( 4,999)
Corporation tax
24,097
14,823
Other creditors
2,400
2,000
--------
--------
26,497
11,824
--------
--------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
2,400
-------
----
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Balance brought forward and outstanding
2023
2022
£
£
Hill
151
----
----
9. Related party transactions
The company was under the control of Mr Bradley David Hill throughout the current and previous years. Mr Bardley Hill owns the company's 25% share capital with significant control. Included in the other debtor is a balance of £214,905.49 (2022:£214,905.49) owed by SHK Central Limited, where Mr Bradley David Hill is the director and shareholder. Included in the other debtors is a loan of £20,000 (2022:Nil) made to the director Mr Bradley Hill to be repaid within 9 months from the balance sheet date at an interest rate of 5%. No further transactions with related parties were undertaken, such as are required to be disclosed under Financial Reporting Standard 102.