Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07668493 Ryan Marfleet iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07668493 2022-12-31 07668493 2023-12-31 07668493 2023-01-01 2023-12-31 07668493 frs-core:CurrentFinancialInstruments 2023-12-31 07668493 frs-core:Non-currentFinancialInstruments 2023-12-31 07668493 frs-core:MotorVehicles 2023-12-31 07668493 frs-core:MotorVehicles 2023-01-01 2023-12-31 07668493 frs-core:MotorVehicles 2022-12-31 07668493 frs-core:PlantMachinery 2023-12-31 07668493 frs-core:PlantMachinery 2023-01-01 2023-12-31 07668493 frs-core:PlantMachinery 2022-12-31 07668493 frs-core:ShareCapital 2023-12-31 07668493 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07668493 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07668493 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07668493 frs-bus:SmallEntities 2023-01-01 2023-12-31 07668493 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07668493 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07668493 frs-bus:Director1 2023-01-01 2023-12-31 07668493 frs-countries:EnglandWales 2023-01-01 2023-12-31 07668493 2021-12-31 07668493 2022-12-31 07668493 2022-01-01 2022-12-31 07668493 frs-core:CurrentFinancialInstruments 2022-12-31 07668493 frs-core:Non-currentFinancialInstruments 2022-12-31 07668493 frs-core:ShareCapital 2022-12-31 07668493 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07668493
Exclusive Kitchens Wimbledon Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07668493
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 29,185 37,834
29,185 37,834
CURRENT ASSETS
Debtors 4 213,099 266,614
Cash at bank and in hand 121,666 227,191
334,765 493,805
Creditors: Amounts Falling Due Within One Year 5 (171,112 ) (236,841 )
NET CURRENT ASSETS (LIABILITIES) 163,653 256,964
TOTAL ASSETS LESS CURRENT LIABILITIES 192,838 294,798
Creditors: Amounts Falling Due After More Than One Year 6 (83,232 ) (122,220 )
NET ASSETS 109,606 172,578
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 109,506 172,478
SHAREHOLDERS' FUNDS 109,606 172,578
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ryan Marfleet
Director
05/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
1.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 5 (2022: 5)
5 5
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3. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2023 45,821 50,832 96,653
Additions 1,050 - 1,050
As at 31 December 2023 46,871 50,832 97,703
Depreciation
As at 1 January 2023 42,135 16,684 58,819
Provided during the period 1,162 8,537 9,699
As at 31 December 2023 43,297 25,221 68,518
Net Book Value
As at 31 December 2023 3,574 25,611 29,185
As at 1 January 2023 3,686 34,148 37,834
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 46,543 82,026
Prepayments and accrued income 1,597 2,829
Other debtors 3,200 -
Amounts owed by group undertakings 161,759 181,759
213,099 266,614
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 9,666 12,042
Bank loans and overdrafts 20 20
Corporation tax - 26,237
Other taxes and social security 13,984 4,781
VAT 30,815 62,326
Net wages - 8,612
Other creditors 102,247 112,485
Accruals and deferred income 10,238 -
Director's loan account 4,142 10,338
171,112 236,841
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 83,232 122,220
83,232 122,220
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7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. General Information
Exclusive Kitchens Wimbledon Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07668493 . The registered office is 120 Cavendish Place, Eastbourne, East Sussex, BN21 3TZ.
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