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REGISTERED NUMBER: 06936866 (England and Wales)















SIMON'S KITCHENS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






SIMON'S KITCHENS LTD (REGISTERED NUMBER: 06936866)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


SIMON'S KITCHENS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: C Criddle





REGISTERED OFFICE: 40b Crouch Street
Colchester
CO3 3HH





REGISTERED NUMBER: 06936866 (England and Wales)

SIMON'S KITCHENS LTD (REGISTERED NUMBER: 06936866)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 31,344 14,655

CURRENT ASSETS
Stocks 15,711 3,825
Debtors 5 70,211 37,653
Cash at bank and in hand 47,200 64,142
133,122 105,620
CREDITORS
Amounts falling due within one year 6 (102,923 ) (95,069 )
NET CURRENT ASSETS 30,199 10,551
TOTAL ASSETS LESS CURRENT LIABILITIES 61,543 25,206

CREDITORS
Amounts falling due after more than one
year

7

(21,658

)

(23,533

)

PROVISIONS FOR LIABILITIES (3,480 ) -
NET ASSETS 36,405 1,673

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 36,404 1,672
36,405 1,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

SIMON'S KITCHENS LTD (REGISTERED NUMBER: 06936866)

BALANCE SHEET - continued
31 DECEMBER 2023


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 2 September 2024 and were signed by:





C Criddle - Director


SIMON'S KITCHENS LTD (REGISTERED NUMBER: 06936866)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Simon'S Kitchens 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

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

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.

Financial instruments
Basic financial instruments are measured at amortised cost.

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.


SIMON'S KITCHENS LTD (REGISTERED NUMBER: 06936866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


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 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 16,873 25,766 4,201 46,840
Additions 415 24,640 291 25,346
At 31 December 2023 17,288 50,406 4,492 72,186
DEPRECIATION
At 1 January 2023 13,761 14,383 4,041 32,185
Charge for year 1,256 7,205 196 8,657
At 31 December 2023 15,017 21,588 4,237 40,842
NET BOOK VALUE
At 31 December 2023 2,271 28,818 255 31,344
At 31 December 2022 3,112 11,383 160 14,655

SIMON'S KITCHENS LTD (REGISTERED NUMBER: 06936866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 45,098 25,187
Amounts owed by group undertakings 10,120 10,120
Other debtors 14,993 2,346
70,211 37,653

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 6,570 -
Trade creditors 23,684 29,300
Amounts owed to group undertakings 24,254 23,437
Taxation and social security 38,088 30,653
Other creditors 327 1,679
102,923 95,069

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 13,334 23,533
Hire purchase contracts (see note 8) 8,324 -
21,658 23,533

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 6,570 -
Between one and five years 8,324 -
14,894 -

SIMON'S KITCHENS LTD (REGISTERED NUMBER: 06936866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 13,000 13,000
Between one and five years 52,000 52,000
In more than five years 60,667 73,667
125,667 138,667

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, Claudine Criddle introduced capital of £3,565 into the company and had drawings of £16,062. At the year end, the balance owed to the company was £12,825 (2022: £328).