1 November 2022 false Taxfiler 2024.4 08814761business:PrivateLimitedCompanyLtd2022-11-012023-10-31 088147612022-10-31 088147612022-11-012023-10-31 08814761business:AuditExemptWithAccountantsReport2022-11-012023-10-31 08814761business:FilletedAccounts2022-11-012023-10-31 088147612023-10-31 08814761business:Director12022-11-012023-10-31 08814761business:RegisteredOffice2022-11-012023-10-31 088147612022-10-31 08814761core:WithinOneYear2023-10-31 08814761core:WithinOneYear2022-10-31 08814761core:AfterOneYear2023-10-31 08814761core:AfterOneYear2022-10-31 08814761core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 08814761core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 08814761core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 08814761core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 08814761core:PreviouslyStatedAmount2023-10-31 08814761core:PreviouslyStatedAmount2022-10-31 08814761business:SmallEntities2022-11-012023-10-31 08814761countries:EnglandWales2022-11-012023-10-31 08814761core:MotorVehicles2022-11-012023-10-31 08814761core:FurnitureFittings2022-11-012023-10-31 08814761core:ComputerEquipment2022-11-012023-10-31 08814761core:FurnitureFittings2022-10-31 08814761core:ComputerEquipment2022-10-31 08814761core:FurnitureFittings2023-10-31 08814761core:ComputerEquipment2023-10-31 08814761core:AfterOneYear2022-11-012023-10-31 08814761business:OrdinaryShareClass12022-11-012023-10-31 08814761business:OrdinaryShareClass12021-11-012022-10-31 088147612021-11-012022-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08814761 (England and Wales)
Wye Valley Kitchen Studio Limited Unaudited accounts for the year ended 31 October 2023
Wye Valley Kitchen Studio Limited Unaudited accounts Contents
Page
- 2 -
Wye Valley Kitchen Studio Limited Company Information for the year ended 31 October 2023
Director
Richard Preece
Company Number
08814761 (England and Wales)
Registered Office
Pengetherley Garden Centre Peterstow Ross-On-Wye Herefordshire HR9 6LL
Accountants
Penny Lowe Fairview St Owens Cross Hereford Herefordshire HR2 8LG
- 3 -
Wye Valley Kitchen Studio Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,743 
11,136 
Current assets
Debtors
41,137 
- 
Cash at bank and in hand
4,469 
48,339 
45,606 
48,339 
Creditors: amounts falling due within one year
(10,006)
(12,288)
Net current assets
35,600 
36,051 
Total assets less current liabilities
50,343 
47,187 
Creditors: amounts falling due after more than one year
(38,465)
(46,827)
Net assets
11,878 
360 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
11,877 
359 
Shareholders' funds
11,878 
360 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 9 July 2024 and were signed on its behalf by
Richard Preece Director Company Registration No. 08814761
- 4 -
Wye Valley Kitchen Studio Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Wye Valley Kitchen Studio Limited is a private company, limited by shares, registered in England and Wales, registration number 08814761. The registered office is Pengetherley Garden Centre, Peterstow, Ross-On-Wye, Herefordshire, HR9 6LL.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. The motor vehicle has been found to be a finance lease and adjustments made accordingly. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance basis
Fixtures & fittings
25% reducing balance
Computer equipment
Straight line over 4 years
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
32,278 
374 
32,652 
Additions
8,617 
- 
8,617 
At 31 October 2023
40,895 
374 
41,269 
Depreciation
At 1 November 2022
21,237 
279 
21,516 
Charge for the year
4,915 
95 
5,010 
At 31 October 2023
26,152 
374 
26,526 
Net book value
At 31 October 2023
14,743 
- 
14,743 
At 31 October 2022
11,041 
95 
11,136 
- 5 -
Wye Valley Kitchen Studio Limited Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
41,137 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
13,148 
16,619 
VAT
1,048 
3,615 
Trade creditors
220 
608 
Taxes and social security
9,053 
9,918 
Loans from directors
(13,783)
(18,712)
Accruals
320 
240 
10,006 
12,288 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
38,465 
46,827 
This amount relates to the amount remaining on a bounce back loan of £20,000 plus a loan from Funding Circle.
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -