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REGISTERED NUMBER: 11930098 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Kandy Kitchen Creations Ltd

Kandy Kitchen Creations Ltd (Registered number: 11930098)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kandy Kitchen Creations Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr A Turner
Mrs K Turner





REGISTERED OFFICE: 56 Shaftsbury Drive
Wardle
Rochdale
Lancashire
OL12 9LS





REGISTERED NUMBER: 11930098 (England and Wales)





ACCOUNTANTS: Versatile Accountancy Services Ltd
The Old Printworks
65 Church Street
Littleborough
Lancashire
OL15 8AB

Kandy Kitchen Creations Ltd (Registered number: 11930098)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 795 795
Property, plant and equipment 5 6,170 6,777
6,965 7,572

CURRENT ASSETS
Inventories 30,014 20,398
Debtors 6 23,305 11,999
Prepayments and accrued income - 2,029
Cash at bank and in hand 32,257 46,512
85,576 80,938
CREDITORS
Amounts falling due within one year 7 15,700 16,028
NET CURRENT ASSETS 69,876 64,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,841

72,482

PROVISIONS FOR LIABILITIES 8 1,172 1,324
NET ASSETS 75,669 71,158

Kandy Kitchen Creations Ltd (Registered number: 11930098)

Statement of Financial Position - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 75,569 71,058
SHAREHOLDERS' FUNDS 75,669 71,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 16 August 2024 and were signed on its behalf by:





Mrs K Turner - Director


Kandy Kitchen Creations Ltd (Registered number: 11930098)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Kandy Kitchen Creations Ltd 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Website
The website has been valued at cost and is considered to have an infinite life. This will continue to be valued on an impairment basis.

Trademarks
Trademarks have been valued at cost and are considered to have an infinite life. The value of the assets will continued to be valued on an impairment basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Kandy Kitchen Creations Ltd (Registered number: 11930098)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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 statement of financial position 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.

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 6 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Computer
licences software Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 170 625 795
NET BOOK VALUE
At 30 April 2024 170 625 795
At 30 April 2023 170 625 795

Kandy Kitchen Creations Ltd (Registered number: 11930098)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 3,617 492 3,902 8,011
Additions - - 453 453
At 30 April 2024 3,617 492 4,355 8,464
DEPRECIATION
At 1 May 2023 616 184 434 1,234
Charge for year 471 46 543 1,060
At 30 April 2024 1,087 230 977 2,294
NET BOOK VALUE
At 30 April 2024 2,530 262 3,378 6,170
At 30 April 2023 3,001 308 3,468 6,777

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.4.24 30.4.23
£    £   
Trade debtors 18,611 9,310
VAT 2,708 2,689
Prepayments 1,986 -
23,305 11,999

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.4.24 30.4.23
£    £   
Trade creditors 10,728 6,207
Tax 2,388 7,764
Social security and other taxes 381 61
Other creditors 32 -
Accruals and deferred income 2,171 1,996
15,700 16,028

Kandy Kitchen Creations Ltd (Registered number: 11930098)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 1,172 1,324

Deferred
tax
£   
Balance at 1 May 2023 1,324
Provided during year (152 )
Balance at 30 April 2024 1,172

9. RESERVES
Retained
earnings
£   

At 1 May 2023 71,058
Profit for the year 9,726
Dividends (5,215 )
At 30 April 2024 75,569