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REGISTERED NUMBER: 12194768 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Cameo Kitchens Limited

Cameo Kitchens Limited (Registered number: 12194768)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cameo Kitchens Limited

Company Information
for the year ended 31st March 2024







DIRECTORS: O C Wicksteed
G P Rowland





REGISTERED OFFICE: Unit 7 Hillgrove Business Park
Nazeing Road
Nazeing
Essex
EN9 2HB





REGISTERED NUMBER: 12194768 (England and Wales)





ACCOUNTANTS: Apple Accounting Services Ltd
Chartered Management Accountants
12b Sun Street
Waltham Abbey
Essex
EN9 1EE

Cameo Kitchens Limited (Registered number: 12194768)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 559,048 551,555

CURRENT ASSETS
Stocks 125,175 185,873
Debtors 5 20,894 17,788
Cash at bank and in hand 19,077 84,322
165,146 287,983
CREDITORS
Amounts falling due within one year 6 383,027 481,615
NET CURRENT LIABILITIES (217,881 ) (193,632 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,167

357,923

CREDITORS
Amounts falling due after more than one year 7 (28,827 ) (47,417 )

PROVISIONS FOR LIABILITIES (6,634 ) (12,183 )
NET ASSETS 305,706 298,323

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 211,147 211,147
Fair value reserve 8 26,250 10,000
Retained earnings 68,109 76,976
305,706 298,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Cameo Kitchens Limited (Registered number: 12194768)

Balance Sheet - continued
31st March 2024


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 19th July 2024 and were signed on its behalf by:





G P Rowland - Director


Cameo Kitchens Limited (Registered number: 12194768)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Cameo Kitchens Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 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.

Cameo Kitchens Limited (Registered number: 12194768)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

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.

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 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st April 2023 500,000 59,791 559,791
Revaluations 25,000 - 25,000
At 31st March 2024 525,000 59,791 584,791
DEPRECIATION
At 1st April 2023 - 8,236 8,236
Charge for year 3,000 14,507 17,507
At 31st March 2024 3,000 22,743 25,743
NET BOOK VALUE
At 31st March 2024 522,000 37,048 559,048
At 31st March 2023 500,000 51,555 551,555

Included in cost or valuation of land and buildings is freehold land of £ 340,000 (2023 - £ 340,000 ) which is not depreciated.

Cameo Kitchens Limited (Registered number: 12194768)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31st March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 490,000 18,843 508,843
Valuation in 2023 10,000 40,948 50,948
Valuation in 2024 25,000 - 25,000
525,000 59,791 584,791

If Freehold land and buildings had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 490,000 490,000

Value of land in freehold land and buildings 340,000 340,000

Freehold land and buildings were valued on an open market basis on 31st March 2024 by the Directors .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1st April 2023
and 31st March 2024 38,546
DEPRECIATION
At 1st April 2023 803
Charge for year 9,436
At 31st March 2024 10,239
NET BOOK VALUE
At 31st March 2024 28,307
At 31st March 2023 37,743

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 20,894 17,788

Cameo Kitchens Limited (Registered number: 12194768)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,000 12,000
Hire purchase contracts 6,590 6,590
Trade creditors 148,745 212,131
Taxation and social security 31,319 33,556
Other creditors 184,373 217,338
383,027 481,615

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,000 26,000
Hire purchase contracts 14,827 21,417
28,827 47,417

8. RESERVES
Fair
value
reserve
£   
At 1st April 2023 10,000
Revaluation 16,250

At 31st March 2024 26,250

9. ULTIMATE CONTROLLING PARTY

The controlling party is G P Rowland.