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REGISTERED NUMBER: 03349335 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Online Kitchen Store Ltd

Online Kitchen Store Ltd (Registered number: 03349335)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Online Kitchen Store Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: O Martin
T Martin





REGISTERED OFFICE: 19-21 Manor Road
Caddington
Bedfordshire
LU1 4EE





REGISTERED NUMBER: 03349335 (England and Wales)





ACCOUNTANTS: Astons Accountants
Chartered Certified Accountants
19-21 Manor Road
Caddington
Bedfordshire
LU1 4EE

Online Kitchen Store Ltd (Registered number: 03349335)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 566,959 564,239

CURRENT ASSETS
Stocks 95,583 69,980
Debtors 5 132,718 152,653
Cash at bank 67,805 161,524
296,106 384,157
CREDITORS
Amounts falling due within one year 6 315,069 313,490
NET CURRENT (LIABILITIES)/ASSETS (18,963 ) 70,667
TOTAL ASSETS LESS CURRENT
LIABILITIES

547,996

634,906

CREDITORS
Amounts falling due after more than one
year

7

(265,396

)

(279,502

)

PROVISIONS FOR LIABILITIES (104,167 ) (70,320 )
NET ASSETS 178,433 285,084

CAPITAL AND RESERVES
Called up share capital 49,632 49,632
Retained earnings 128,801 235,452
178,433 285,084

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Online Kitchen Store Ltd (Registered number: 03349335)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





O Martin - Director


Online Kitchen Store Ltd (Registered number: 03349335)

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

1. STATUTORY INFORMATION

Online Kitchen Store 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. Turnover is recognised once goods have been delivered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

Online Kitchen Store Ltd (Registered number: 03349335)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2022 359,926 621,485 48,060 123,552 1,153,023
Additions - 46,007 1,310 91,740 139,057
Disposals - - - (45,350 ) (45,350 )
At 30 September 2023 359,926 667,492 49,370 169,942 1,246,730
DEPRECIATION
At 1 October 2022 80,726 440,752 27,521 39,785 588,784
Charge for year 31,022 41,347 5,227 28,088 105,684
Eliminated on disposal - - - (14,697 ) (14,697 )
At 30 September 2023 111,748 482,099 32,748 53,176 679,771
NET BOOK VALUE
At 30 September 2023 248,178 185,393 16,622 116,766 566,959
At 30 September 2022 279,200 180,733 20,539 83,767 564,239

Online Kitchen Store Ltd (Registered number: 03349335)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2022 127,400 72,100 199,500
Additions - 91,740 91,740
Disposals - (23,750 ) (23,750 )
At 30 September 2023 127,400 140,090 267,490
DEPRECIATION
At 1 October 2022 44,590 18,025 62,615
Charge for year 12,740 21,424 34,164
Eliminated on disposal - (2,969 ) (2,969 )
At 30 September 2023 57,330 36,480 93,810
NET BOOK VALUE
At 30 September 2023 70,070 103,610 173,680
At 30 September 2022 82,810 54,075 136,885

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 84,196 137,324
Amounts owed by group undertakings 12,960 -
Other debtors 9,869 -
Directors' current accounts 1,000 -
Section 455 tax 15,329 15,329
Prepayments and accrued income 9,364 -
132,718 152,653

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 23,540 -
Hire purchase contracts 48,674 39,748
Trade creditors 120,638 150,976
Amounts owed to group undertakings 14,828 15,810
Tax 7,105 32,199
Social security and other taxes 6,988 6,656
Pension account 624 1,394
VAT 36,791 30,205
Credit card 1,335 -
Directors' current accounts - 28,146
Accruals and deferred income 46,371 -
Accrued expenses 8,175 8,356
315,069 313,490

Online Kitchen Store Ltd (Registered number: 03349335)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans - 1-2 years 23,540 169,184
Bank loans - 2-5 years 145,509 48,485
Hire purchase contracts 96,347 61,833
265,396 279,502

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Hire purchase contracts 145,021 101,581

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Online Kitchen Store Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Online Kitchen Store Ltd for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Online Kitchen Store Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Online Kitchen Store Ltd and state those matters that we have agreed to state to the Board of Directors of Online Kitchen Store Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Online Kitchen Store Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Online Kitchen Store Ltd. You consider that Online Kitchen Store Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Online Kitchen Store Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Astons Accountants
Chartered Certified Accountants
19-21 Manor Road
Caddington
Bedfordshire
LU1 4EE


Date: .............................................