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
Wye Valley Kitchen Studio Limited
Company Information
for the year ended 31 October 2023
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
Wye Valley Kitchen Studio Limited
Statement of financial position
as at 31 October 2023
Tangible assets
14,743
11,136
Cash at bank and in hand
4,469
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)
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
Wye Valley Kitchen Studio Limited
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
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.
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
At 31 October 2023
40,895
374
41,269
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
At 31 October 2023
14,743
-
14,743
At 31 October 2022
11,041
95
11,136
Wye Valley Kitchen Studio Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
13,148
16,619
Taxes and social security
9,053
9,918
Loans from directors
(13,783)
(18,712)
7
Creditors: amounts falling due after more than one year
2023
2022
This amount relates to the amount remaining on a bounce back loan of £20,000 plus a loan from Funding Circle.
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).