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Company Registration No. 11447002 (England and Wales)
Elsworth Kitchen Limited Unaudited accounts for the year ended 31 July 2023
Elsworth Kitchen Limited Unaudited accounts Contents
Page
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Elsworth Kitchen Limited Company Information for the year ended 31 July 2023
Directors
Maurice Bruce Elsworth Rebecca Elsworth
Company Number
11447002 (England and Wales)
Registered Office
Duke House Duke Street Skipton North Yorkshire BD23 2HQ England
Accountants
Goodbooks (Skipton) Ltd Duke House Duke Street Skipton North Yorkshire BD23 2HQ
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Elsworth Kitchen Limited for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Elsworth Kitchen Limited for the year ended 31 July 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Elsworth Kitchen Limited, as a body, in accordance with the terms of our engagement letter dated 6 August 2020. Our work has been undertaken solely to prepare for your approval the accounts of Elsworth Kitchen Limited and state those matters that we have agreed to state to the Board of Directors of Elsworth Kitchen Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elsworth Kitchen Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Elsworth Kitchen Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Elsworth Kitchen Limited. You consider that Elsworth Kitchen Limited 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 accounts of Elsworth Kitchen Limited. 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 accounts.
Goodbooks (Skipton) Ltd Chartered Accountants Duke House Duke Street Skipton North Yorkshire BD23 2HQ 15 July 2024
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Elsworth Kitchen Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,307 
27,000 
Current assets
Inventories
1,500 
1,500 
Debtors
87,053 
7,760 
Cash at bank and in hand
55,229 
133,836 
143,782 
143,096 
Creditors: amounts falling due within one year
(57,481)
(77,339)
Net current assets
86,301 
65,757 
Total assets less current liabilities
107,608 
92,757 
Creditors: amounts falling due after more than one year
(8,566)
(9,763)
Net assets
99,042 
82,994 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
98,942 
82,894 
Shareholders' funds
99,042 
82,994 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by
Maurice Bruce Elsworth Director Company Registration No. 11447002
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Elsworth Kitchen Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Elsworth Kitchen Limited is a private company, limited by shares, registered in England and Wales, registration number 11447002. The registered office is Duke House, Duke Street, Skipton, North Yorkshire, BD23 2HQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5 years straight line
Fixtures & fittings
Reducing Balance 20%
Computer equipment
Reducing Balance 33.33%
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Elsworth Kitchen Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
51,066 
26,336 
632 
78,034 
Additions
1,137 
7,012 
217 
8,366 
At 31 July 2023
52,203 
33,348 
849 
86,400 
Depreciation
At 1 August 2022
38,903 
12,029 
102 
51,034 
Charge for the year
9,925 
3,900 
234 
14,059 
At 31 July 2023
48,828 
15,929 
336 
65,093 
Net book value
At 31 July 2023
3,375 
17,419 
513 
21,307 
At 31 July 2022
12,163 
14,307 
530 
27,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,605 
5,579 
Other debtors
- 
2,181 
1,605 
7,760 
Amounts falling due after more than one year
Other debtors
85,448 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,246 
1,194 
VAT
23,784 
16,075 
Trade creditors
15,466 
15,060 
Taxes and social security
6,523 
16,475 
Other creditors
297 
11,044 
Loans from directors
10,165 
16,433 
Accruals
- 
1,058 
57,481 
77,339 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
8,566 
9,763 
8
Average number of employees
During the year the average number of employees was 21 (2022: 17).
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