Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true22023-05-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02684660 2023-05-01 2024-04-30 02684660 2022-05-01 2023-04-30 02684660 2024-04-30 02684660 2023-04-30 02684660 c:Director1 2023-05-01 2024-04-30 02684660 c:Director2 2023-05-01 2024-04-30 02684660 d:OfficeEquipment 2023-05-01 2024-04-30 02684660 d:OfficeEquipment 2024-04-30 02684660 d:OfficeEquipment 2023-04-30 02684660 d:FreeholdInvestmentProperty 2024-04-30 02684660 d:FreeholdInvestmentProperty 2023-04-30 02684660 d:CurrentFinancialInstruments 2024-04-30 02684660 d:CurrentFinancialInstruments 2023-04-30 02684660 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02684660 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02684660 d:ShareCapital 2024-04-30 02684660 d:ShareCapital 2023-04-30 02684660 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 02684660 d:RetainedEarningsAccumulatedLosses 2024-04-30 02684660 d:RetainedEarningsAccumulatedLosses 2023-04-30 02684660 c:FRS102 2023-05-01 2024-04-30 02684660 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 02684660 c:FullAccounts 2023-05-01 2024-04-30 02684660 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02684660 d:OtherDeferredTax 2024-04-30 02684660 d:OtherDeferredTax 2023-04-30 02684660 2 2023-05-01 2024-04-30 02684660 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 02684660










GOODMAYES KITCHENS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
GOODMAYES KITCHENS LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GOODMAYES KITCHENS LIMITED
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Goodmayes Kitchens Limited for the year ended 30 April 2024 which comprise  the Balance sheet and the related notes 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 https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Goodmayes Kitchens Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Goodmayes Kitchens Limited and state those matters that we have agreed to state to the Board of directors of Goodmayes Kitchens Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Goodmayes Kitchens Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Goodmayes Kitchens Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Goodmayes Kitchens Limited. You consider that Goodmayes Kitchens Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Goodmayes Kitchens 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 financial statements.

  



MWS
 
Chartered Accountants
  
Kingsridge House
601 London Road
Westcliff on Sea
Essex
SS0 9PE
25 July 2024
Page 1

 
GOODMAYES KITCHENS LIMITED
REGISTERED NUMBER: 02684660

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
300,000
300,000

  
300,000
300,000

Current assets
  

Debtors: amounts falling due within one year
 6 
390
346

Cash at bank and in hand
 7 
42,682
89,187

  
43,072
89,533

Creditors: amounts falling due within one year
 8 
(16,548)
(41,784)

Net current assets
  
 
 
26,524
 
 
47,749

Total assets less current liabilities
  
326,524
347,749

Provisions for liabilities
  

Deferred tax
 9 
(16,138)
(16,138)

  
 
 
(16,138)
 
 
(16,138)

Net assets
  
310,386
331,611


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
 10 
310,286
331,511

  
310,386
331,611


Page 2

 
GOODMAYES KITCHENS LIMITED
REGISTERED NUMBER: 02684660

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 July 2024.




R D Bellett
K M Bellett
Director
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
GOODMAYES KITCHENS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Goodmayes Kitchens Limited is a company incorporated in England and Wales. The registered office is 601 London Road, Westcliff on Sea, Essex SS0 9PE. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
GOODMAYES KITCHENS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows;.

Depreciation is provided on the following basis:

Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
GOODMAYES KITCHENS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
12,000
12,000

Social security costs
400
417

12,400
12,417


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 May 2023
470



At 30 April 2024

470



Depreciation


At 1 May 2023
470



At 30 April 2024

470



Net book value



At 30 April 2024
-



At 30 April 2023
-

Page 6

 
GOODMAYES KITCHENS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
300,000



At 30 April 2024
300,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
175,824
175,824

175,824
175,824

Page 7

 
GOODMAYES KITCHENS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Prepayments and accrued income
390
346

390
346



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
42,682
89,187

42,682
89,187



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,314
1,291

Other taxation and social security
379
412

Other creditors
13,964
40,081

Accruals and deferred income
891
-

16,548
41,784



9.


Deferred taxation




2024


£






At beginning of year
(16,138)



At end of year
(16,138)

Page 8

 
GOODMAYES KITCHENS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value adjustments
(16,138)
(16,138)

(16,138)
(16,138)


10.


Reserves

Profit and loss account

The profit and loss account comprises the retained profits and losses of the company, of which £83,862 (£83,862) is non-distributable as at 30 April 2024 as it relates to gains on fair value adjustments to investment property.


Page 9