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REGISTERED NUMBER: 08013834 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31 March 2024

for

The Malvern Kitchen Studio Limited

The Malvern Kitchen Studio Limited (Registered number: 08013834)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Malvern Kitchen Studio Limited

Company Information
For The Year Ended 31 March 2024







Directors: G M Williams
Mrs J M Williams





Secretary:





Registered office: 18/22 Church Street
Malvern
Worcestershire
WR14 2AY





Registered number: 08013834 (England and Wales)





Accountants: Allan Brown ( A& T Services Ltd)
18/22 Church Street
Malvern
Worcestershire
WR14 2AY

The Malvern Kitchen Studio Limited (Registered number: 08013834)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 8,122 13,150

Current assets
Stocks 79,921 84,412
Debtors 5 50,723 95,979
Cash at bank and in hand 110,642 109,135
241,286 289,526
Creditors
Amounts falling due within one year 6 96,971 119,805
Net current assets 144,315 169,721
Total assets less current liabilities 152,437 182,871

Provisions for liabilities 980 980
Net assets 151,457 181,891

Capital and reserves
Called up share capital 100 100
Retained earnings 151,357 181,791
Shareholders' funds 151,457 181,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Malvern Kitchen Studio Limited (Registered number: 08013834)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2024 and were signed on its behalf by:




G M Williams - Director



Mrs J M Williams - Director


The Malvern Kitchen Studio Limited (Registered number: 08013834)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Malvern Kitchen Studio Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the sales of goods net of VAT and trade discounts.Turnover is recognised when the goods are physically delivered to the customer.
Where goods are only partially delivered at the balance sheet date turnover represents the value of goods supplied to date at sales value.
Where payments are received from customers in advance of the goods being supplied then the amounts so received are recorded as deferred income and are included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value.Net realisable value represents estimated selling price less costs to complete and sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


The Malvern Kitchen Studio Limited (Registered number: 08013834)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 39,068 26,398 65,466
Additions - 222 222
At 31 March 2024 39,068 26,620 65,688
DEPRECIATION
At 1 April 2023 31,076 21,240 52,316
Charge for year 3,907 1,343 5,250
At 31 March 2024 34,983 22,583 57,566
NET BOOK VALUE
At 31 March 2024 4,085 4,037 8,122
At 31 March 2023 7,992 5,158 13,150

The Malvern Kitchen Studio Limited (Registered number: 08013834)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 50,205 94,490
Other debtors 518 1,489
50,723 95,979

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 28,167 27,899
Taxation and social security 27,008 13,573
Other creditors 41,796 78,333
96,971 119,805