LEEDS & BRADFORD KITCHENS LIMITED

Company Registration Number:
09585144 (England and Wales)

Unaudited statutory accounts for the year ended 30 May 2024

Period of accounts

Start date: 1 June 2023

End date: 30 May 2024

LEEDS & BRADFORD KITCHENS LIMITED

Contents of the Financial Statements

for the Period Ended 30 May 2024

Balance sheet
Additional notes
Balance sheet notes

LEEDS & BRADFORD KITCHENS LIMITED

Balance sheet

As at 30 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 2,488 39,747
Total fixed assets: 2,488 39,747
Current assets
Stocks: 4 710 18,850
Debtors: 5 43,595 41,117
Cash at bank and in hand: 11,173 10,909
Total current assets: 55,478 70,876
Creditors: amounts falling due within one year: 6 ( 144,453 ) ( 119,103 )
Net current assets (liabilities): (88,975) (48,227)
Total assets less current liabilities: (86,487) ( 8,480)
Creditors: amounts falling due after more than one year: 7 ( 10,834 ) ( 23,926 )
Total net assets (liabilities): (97,321) (32,406)
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: (98,321 ) (33,406 )
Total Shareholders' funds: ( 97,321 ) (32,406)

The notes form part of these financial statements

LEEDS & BRADFORD KITCHENS LIMITED

Balance sheet statements

For the year ending 30 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 12 September 2024
and signed on behalf of the board by:

Name: G S Bussan
Status: Director

The notes form part of these financial statements

LEEDS & BRADFORD KITCHENS LIMITED

Notes to the Financial Statements

for the Period Ended 30 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 10% on reducing balance Motor vehicles - 25% on cost

    Other accounting policies

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

LEEDS & BRADFORD KITCHENS LIMITED

Notes to the Financial Statements

for the Period Ended 30 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

LEEDS & BRADFORD KITCHENS LIMITED

Notes to the Financial Statements

for the Period Ended 30 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 50,440 23,021 73,461
Additions
Disposals ( 45,658 ) ( 23,021 ) ( 68,679 )
Revaluations
Transfers
At 30 May 2024 4,782 0 4,782
Depreciation
At 1 June 2023 21,245 12,469 33,714
Charge for year 276 276
On disposals ( 19,227 ) ( 12,469 ) ( 31,696 )
Other adjustments
At 30 May 2024 2,294 0 2,294
Net book value
At 30 May 2024 2,488 0 2,488
At 31 May 2023 29,195 10,552 39,747

LEEDS & BRADFORD KITCHENS LIMITED

Notes to the Financial Statements

for the Period Ended 30 May 2024

4. Stocks

2024 2023
£ £
Stocks 710 18,850
Total 710 18,850

LEEDS & BRADFORD KITCHENS LIMITED

Notes to the Financial Statements

for the Period Ended 30 May 2024

5. Debtors

2024 2023
£ £
Trade debtors 43,595 39,000
Other debtors 0 2,117
Total 43,595 41,117

LEEDS & BRADFORD KITCHENS LIMITED

Notes to the Financial Statements

for the Period Ended 30 May 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 0 7,436
Taxation and social security 34,083 24,458
Other creditors 110,370 87,209
Total 144,453 119,103

LEEDS & BRADFORD KITCHENS LIMITED

Notes to the Financial Statements

for the Period Ended 30 May 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 10,834 15,417
Amounts due under finance leases and hire purchase contracts 0 8,509
Total 10,834 23,926

Amounts falling due in more than five years: Repayable by instalments Bounce back loan £10,834 (2023: £15,417)

LEEDS & BRADFORD KITCHENS LIMITED

Notes to the Financial Statements

for the Period Ended 30 May 2024

8. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Directors advances
£
Balance at 31 May 2023 73,292
Advances or credits made: 17,291
Advances or credits repaid:
Balance at 30 May 2024 90,583