Company Registration No. 12770110 (England and Wales)
Secure Kitchens Ltd
Unaudited accounts
for the year ended 31 July 2023
Secure Kitchens Ltd
Unaudited accounts
Contents
Secure Kitchens Ltd
Company Information
for the year ended 31 July 2023
Director
Alexander Lewis Galpin
Company Number
12770110 (England and Wales)
Registered Office
Anmaryn
Luxford Road
Crowborough
TN6 2PP
England
Accountants
Allsquare (Edinburgh) Ltd
Federation House
222-224 Queensferry Road
Edinburgh
EH4 2BN
Secure Kitchens Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
58,584
59,740
Cash at bank and in hand
13,390
7,361
Creditors: amounts falling due within one year
(130,859)
(92,930)
Net current liabilities
(31,674)
(47,087)
Total assets less current liabilities
26,910
12,653
Creditors: amounts falling due after more than one year
(23,466)
(9,141)
Provisions for liabilities
Deferred tax
(3,032)
(3,354)
Called up share capital
100
100
Profit and loss account
312
58
Shareholders' funds
412
158
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 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 2 August 2024 and were signed on its behalf by
Alexander Lewis Galpin
Director
Company Registration No. 12770110
Secure Kitchens Ltd
Notes to the Accounts
for the year ended 31 July 2023
Secure Kitchens Ltd is a private company, limited by shares, registered in England and Wales, registration number 12770110. The registered office is Anmaryn, Luxford Road, Crowborough, TN6 2PP, 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.
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.
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.
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:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Computer equipment
33% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Secure Kitchens Ltd
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2022
14,751
34,237
13,074
2,987
65,049
Additions
-
9,396
-
1,124
10,520
At 31 July 2023
14,751
43,633
13,074
4,111
75,569
At 1 August 2022
-
4,234
218
857
5,309
Charge for the year
-
7,875
2,615
1,186
11,676
At 31 July 2023
-
12,109
2,833
2,043
16,985
At 31 July 2023
14,751
31,524
10,241
2,068
58,584
At 31 July 2022
14,751
30,003
12,856
2,130
59,740
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
10,241
12,856
Amounts falling due within one year
Trade debtors
41,398
2,245
Accrued income and prepayments
2,167
2,167
Other debtors
17,630
17,140
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
3,047
3,047
Trade creditors
57,350
34,145
Taxes and social security
62,510
39,713
Other creditors
8,838
3,537
Loans from directors
(3,586)
11,288
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
6,094
9,141
Secure Kitchens Ltd
Notes to the Accounts
for the year ended 31 July 2023
Allotted, called up and fully paid:
90 Ordinary A shares of £1 each
90
90
10 Ordinary B shares of £1 each
10
10
9
Transactions with related parties
Included in 'Loans from directors' are amounts of £3586 (2022: £11,288 due to) due to the directors from the company. The loans are interest free and have no fixed terms for repayment.
The company is under the control of the director, Aexander Lewis Galpin, by virtue of his shareholding in the parent company, Galpin Holdings Ltd.
11
Average number of employees
During the year the average number of employees was 24 (2022: 15).