Registered number
12259407
KITCHEN STORIES LTD
Filleted Accounts
31 August 2023
KITCHEN STORIES LTD
Registered number: 12259407
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 658 803
Current assets
Cash at bank and in hand 23,537 15,918
Creditors: amounts falling due within one year 4 (22,802) (15,425)
Net current assets 735 493
Total assets less current liabilities 1,393 1,296
Creditors: amounts falling due after more than one year 5 (752) (752)
Net assets 641 544
Capital and reserves
Called up share capital 100 100
Profit and loss account 541 444
Shareholder's funds 641 544
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ramazan SARI
Director
Approved by the board on 10 April 2024
KITCHEN STORIES LTD
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, excluding in the year of acquisition, at rates calculated to write off the cost, less estimated residual value, @ 18% per annum (reducing balance).
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Corporation tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 September 2022 1,194
At 31 August 2023 1,194
Depreciation
At 1 September 2022 391
Charge for the year 145
At 31 August 2023 536
Net book value
At 31 August 2023 658
At 31 August 2022 803
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 948 1,848
Taxation and social security costs 3,914 3,277
Other creditors 17,940 10,300
22,802 15,425
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 752 752
6 Other information
KITCHEN STORIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
C/o- Unit 4 , Kinetica
13 Ramsgate Street
London
E8 2FD
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