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REGISTERED NUMBER: 12254165 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Kitchen Direct Ltd

Kitchen Direct Ltd (Registered number: 12254165)






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


Kitchen Direct Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ms M I Todorova





REGISTERED OFFICE: 239 King Henrys Drive
New Addington
Croydon
CR0 0AE





REGISTERED NUMBER: 12254165 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

Kitchen Direct Ltd (Registered number: 12254165)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 212,284 143,666

CURRENT ASSETS
Stocks 5 142,603 10,745
Debtors 6 135,144 254,548
Cash at bank 16,239 2,569
293,986 267,862
CREDITORS
Amounts falling due within one
year

7

202,947

211,510
NET CURRENT ASSETS 91,039 56,352
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,323

200,018

CREDITORS
Amounts falling due after more
than one year

8

120,372

35,417
NET ASSETS 182,951 164,601

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 182,950 164,600
SHAREHOLDERS' FUNDS 182,951 164,601

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 director acknowledges her 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.

Kitchen Direct Ltd (Registered number: 12254165)

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 director and authorised for issue on 29 July 2024 and were signed by:





Ms M I Todorova - Director


Kitchen Direct Ltd (Registered number: 12254165)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Kitchen Direct 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Kitchen Direct Ltd (Registered number: 12254165)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 186,905 27,500 5,647 220,052
Additions 139,379 - - 139,379
At 31 March 2024 326,284 27,500 5,647 359,431
DEPRECIATION
At 1 April 2023 64,228 9,688 2,470 76,386
Charge for year 65,514 4,453 794 70,761
At 31 March 2024 129,742 14,141 3,264 147,147
NET BOOK VALUE
At 31 March 2024 196,542 13,359 2,383 212,284
At 31 March 2023 122,677 17,812 3,177 143,666

5. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress 142,603 10,745

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 26,755 143,106
Other debtors 108,389 111,442
135,144 254,548

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,250 6,250
Hire purchase contracts 26,430 -
Trade creditors 52,057 60,782
Taxation and social security 53,921 73,599
Other creditors 64,289 70,879
202,947 211,510

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 29,167 35,417
Hire purchase contracts 91,205 -
120,372 35,417

Kitchen Direct Ltd (Registered number: 12254165)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 April 2023 164,600
Profit for the year 77,350
Dividends (59,000 )
At 31 March 2024 182,950

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £59,000 (2023 - £45,000) were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The controlling party is Ms M I Todorova.

By virtue of being the sole director of the company and controls 100% of the ordinary share capital of the company.