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REGISTERED NUMBER: 04781543 (England and Wales)










Financial Statements for the Year Ended 30 June 2023

for

The Kitchen And Bedroom Warehouse Ltd

The Kitchen And Bedroom Warehouse Ltd (Registered number: 04781543)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Kitchen And Bedroom Warehouse Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs M Curd
D M Curd





REGISTERED OFFICE: 36 Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 04781543 (England and Wales)





ACCOUNTANTS: NRB Accountancy Limited
40 Market Place
Belper
Derbyshire
DE56 1FZ

The Kitchen And Bedroom Warehouse Ltd (Registered number: 04781543)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 20,000
Tangible assets 5 4,205 5,607
24,205 25,607

CURRENT ASSETS
Stocks 98,490 109,160
Debtors 6 1,313 3,230
Cash at bank and in hand 25,471 17,744
125,274 130,134
CREDITORS
Amounts falling due within one year 7 106,465 105,755
NET CURRENT ASSETS 18,809 24,379
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,014

49,986

CAPITAL AND RESERVES
Called up share capital 51 51
Retained earnings 42,963 49,935
SHAREHOLDERS' FUNDS 43,014 49,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:



D M Curd - Director


The Kitchen And Bedroom Warehouse Ltd (Registered number: 04781543)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

The Kitchen And Bedroom Warehouse 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

The Kitchen And Bedroom Warehouse Ltd (Registered number: 04781543)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 20,000
NET BOOK VALUE
At 30 June 2023 20,000
At 30 June 2022 20,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 23,190
DEPRECIATION
At 1 July 2022 17,583
Charge for year 1,402
At 30 June 2023 18,985
NET BOOK VALUE
At 30 June 2023 4,205
At 30 June 2022 5,607

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 600 2,517
Other debtors 713 713
1,313 3,230

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 12,134 14,020
Taxation and social security 15,105 14,664
Other creditors 79,226 77,071
106,465 105,755

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors, Mr and Mrs D Curd, introduced funds to and withdrew funds from the company by way of a director's loan account. This loan is interest free and repayable upon demand. At the year end the company owed the directors £66,492 (2022: £62,737) and this amount is included in creditors.