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
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
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
Elsworth Kitchen Limited
Statement of financial position
as at 31 July 2023
Tangible assets
21,307
27,000
Cash at bank and in hand
55,229
133,836
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)
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
Elsworth Kitchen Limited
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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%
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
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
At 31 July 2023
3,375
17,419
513
21,307
At 31 July 2022
12,163
14,307
530
27,000
Amounts falling due within one year
Accrued income and prepayments
1,605
5,579
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,246
1,194
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
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 21 (2022: 17).