Company Registration No. 04027289 (England and Wales)
Chipping Sodbury Kitchens Limited
Unaudited accounts
for the year ended 30 April 2024
Chipping Sodbury Kitchens Limited
Unaudited accounts
Contents
Chipping Sodbury Kitchens Limited
Company Information
for the year ended 30 April 2024
Company Number
04027289 (England and Wales)
Registered Office
400 GLOUCESTER ROAD
HORFIELD
BRISTOL
AVON
BS7 8TR
Accountants
Evans Entwistle
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Chipping Sodbury 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 accounts of Chipping Sodbury Kitchens Limited for the year ended 30 April 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
29 July 2024
Chipping Sodbury Kitchens Limited
Statement of financial position
as at 30 April 2024
Tangible assets
221,481
222,114
Cash at bank and in hand
110,739
142,497
Creditors: amounts falling due within one year
(56,578)
(74,016)
Net current assets
73,554
116,905
Total assets less current liabilities
295,035
339,019
Creditors: amounts falling due after more than one year
(17,873)
(40,153)
Provisions for liabilities
Net assets
276,903
298,487
Called up share capital
102
102
Profit and loss account
276,801
298,385
Shareholders' funds
276,903
298,487
For the year ending 30 April 2024 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 6 August 2024 and were signed on its behalf by
L R Holloway
Director
Company Registration No. 04027289
Chipping Sodbury Kitchens Limited
Notes to the Accounts
for the year ended 30 April 2024
Chipping Sodbury Kitchens Limited is a private company, limited by shares, registered in England and Wales, registration number 04027289. The registered office is 400 GLOUCESTER ROAD, HORFIELD, BRISTOL, AVON, BS7 8TR.
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.
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. 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.
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
4 years straight line
Motor vehicles
4 years straight line
Fixtures & fittings
5 years straight line
Computer equipment
4 years straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Chipping Sodbury Kitchens Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 May 2023
220,121
20,207
78,554
43,231
16,306
378,419
At 30 April 2024
220,121
20,207
78,554
43,231
16,306
378,419
At 1 May 2023
-
20,172
78,554
43,231
14,348
156,305
Charge for the year
-
35
-
-
598
633
At 30 April 2024
-
20,207
78,554
43,231
14,946
156,938
At 30 April 2024
220,121
-
-
-
1,360
221,481
At 30 April 2023
220,121
35
-
-
1,958
222,114
Amounts falling due within one year
Trade debtors
13,998
27,581
Accrued income and prepayments
4,795
-
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
22,863
36,586
Trade creditors
3,401
6,049
Taxes and social security
2,385
21,211
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
6,088
11,366
Chipping Sodbury Kitchens Limited
Notes to the Accounts
for the year ended 30 April 2024
9
Deferred taxation
2024
2023
Accelerated capital allowances
259
379
Provision at start of year
379
1,585
Credited to the profit and loss account
(120)
(1,206)
Provision at end of year
259
379
Allotted, called up and fully paid:
102 Ordinary shares of £1 each
102
102
11
Average number of employees
During the year the average number of employees was 3 (2023: 4).