Registered number
11059082
The Ivy Kitchen Ltd
Filleted Accounts
30 November 2023
The Ivy Kitchen Ltd
Registered number: 11059082
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 90,000 90,000
Tangible assets 4 26,588 32,939
116,588 122,939
Current assets
Cash at bank and in hand 18,799 32,053
Creditors: amounts falling due within one year 5 (106,306) (112,339)
Net current liabilities (87,507) (80,286)
Net assets 29,081 42,653
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 28,081 41,653
Shareholders' funds 29,081 42,653
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Miss K Umpleby
Director
Approved by the board on 6 February 2024
The Ivy Kitchen Ltd
Notes to the Accounts
for the year ended 30 November 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).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 10 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 10
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 90,000
At 30 November 2023 90,000
Amortisation
At 30 November 2023 -
Net book value
At 30 November 2023 90,000
At 30 November 2022 90,000
Goodwill is being held at cost on the balance sheet.
4 Tangible fixed assets
Fixtures & Fittings
£
Cost
At 1 December 2022 63,506
At 30 November 2023 63,506
Depreciation
At 1 December 2022 30,567
Charge for the year 6,351
At 30 November 2023 36,918
Net book value
At 30 November 2023 26,588
At 30 November 2022 32,939
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 9,441 15,815
Other creditors 96,865 96,524
106,306 112,339
6 Other information
The Ivy Kitchen Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 The Narrows
Harden
Bingley
BD16 1HY
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