Registered number
11100818
Kitchen Faces Limited
Filleted Accounts
31 May 2024
Kitchen Faces Limited
Registered number: 11100818
Balance Sheet
as at 31 May 2024
Notes 2024 2022
£ £
Fixed assets
Tangible assets 3 3,710 4,136
Current assets
Debtors 4 6,148 -
Cash at bank and in hand 100,848 69,046
106,996 69,046
Creditors: amounts falling due within one year 5 (110,706) (30,954)
Net current (liabilities)/assets (3,710) 38,092
Net assets - 42,228
Capital and reserves
Called up share capital 1 1
Profit and loss account (1) 42,227
Shareholders' funds - 42,228
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Darren Tidmarsh
Director
Approved by the board on 3 July 2024
Kitchen Faces Limited
Notes to the Accounts
for the period from 1 January 2023 to 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 2,852 17,430 20,282
Additions 811 - 811
At 31 May 2024 3,663 17,430 21,093
Depreciation
At 1 January 2023 2,852 13,294 16,146
Charge for the period 203 1,034 1,237
At 31 May 2024 3,055 14,328 17,383
Net book value
At 31 May 2024 608 3,102 3,710
At 31 December 2022 - 4,136 4,136
4 Debtors 2024 2022
£ £
Other debtors 6,148 -
5 Creditors: amounts falling due within one year 2024 2022
£ £
Trade creditors 13 (104)
Taxation and social security costs 23,671 13,423
Other creditors 87,022 17,635
110,706 30,954
6 Other information
Kitchen Faces Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Caddick Road
Birmingham
B42 2RJ
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