Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.kitchen salesfalsefalse32truetrue 06760973 2023-01-01 2023-12-31 06760973 2022-01-01 2022-12-31 06760973 2023-12-31 06760973 2022-12-31 06760973 c:Director1 2023-01-01 2023-12-31 06760973 d:PlantMachinery 2023-01-01 2023-12-31 06760973 d:PlantMachinery 2023-12-31 06760973 d:PlantMachinery 2022-12-31 06760973 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06760973 d:MotorVehicles 2023-01-01 2023-12-31 06760973 d:MotorVehicles 2023-12-31 06760973 d:MotorVehicles 2022-12-31 06760973 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06760973 d:FurnitureFittings 2023-01-01 2023-12-31 06760973 d:FurnitureFittings 2023-12-31 06760973 d:FurnitureFittings 2022-12-31 06760973 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06760973 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06760973 d:Goodwill 2023-12-31 06760973 d:Goodwill 2022-12-31 06760973 d:CurrentFinancialInstruments 2023-12-31 06760973 d:CurrentFinancialInstruments 2022-12-31 06760973 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06760973 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06760973 d:ShareCapital 2023-12-31 06760973 d:ShareCapital 2022-12-31 06760973 d:RetainedEarningsAccumulatedLosses 2023-12-31 06760973 d:RetainedEarningsAccumulatedLosses 2022-12-31 06760973 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06760973 c:OrdinaryShareClass1 2023-12-31 06760973 c:OrdinaryShareClass1 2022-12-31 06760973 c:OrdinaryShareClass2 2023-01-01 2023-12-31 06760973 c:OrdinaryShareClass2 2023-12-31 06760973 c:OrdinaryShareClass2 2022-12-31 06760973 c:FRS102 2023-01-01 2023-12-31 06760973 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06760973 c:FullAccounts 2023-01-01 2023-12-31 06760973 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06760973 d:WithinOneYear 2023-12-31 06760973 d:WithinOneYear 2022-12-31 06760973 d:BetweenOneFiveYears 2023-12-31 06760973 d:BetweenOneFiveYears 2022-12-31 06760973 2 2023-01-01 2023-12-31 06760973 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06760973









CREATIVE KITCHENS SALISBURY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CREATIVE KITCHENS SALISBURY LIMITED
REGISTERED NUMBER: 06760973

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,911
2,548

  
1,911
2,548

Current assets
  

Stocks
 6 
18,675
19,340

Debtors: amounts falling due within one year
 7 
39,365
25,257

Cash at bank and in hand
 8 
62,543
104,882

  
120,583
149,479

Creditors: amounts falling due within one year
 9 
(64,457)
(78,714)

Net current assets
  
 
 
56,126
 
 
70,765

Total assets less current liabilities
  
58,037
73,313

  

Net assets
  
58,037
73,313


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
57,937
73,213

  
58,037
73,313


Page 1

 
CREATIVE KITCHENS SALISBURY LIMITED
REGISTERED NUMBER: 06760973
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 September 2024.





................................................
Robert Godfrey
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CREATIVE KITCHENS SALISBURY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The principal activity of the Company is that of kitchen sales. The trading address is Unit 3 The Bourne Centre, Salisbury Business Park, Southampton Road, Salisbury, Wiltshire, SP1 2NY. The Company was incorporated in England and Wales and is a private company limited by share capital. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
CREATIVE KITCHENS SALISBURY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
CREATIVE KITCHENS SALISBURY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).

Page 5

 
CREATIVE KITCHENS SALISBURY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
15,000



At 31 December 2023

15,000



Amortisation


At 1 January 2023
15,000



At 31 December 2023

15,000



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 6

 
CREATIVE KITCHENS SALISBURY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2023
401
10,270
2,811
13,482



At 31 December 2023

401
10,270
2,811
13,482



Depreciation


At 1 January 2023
367
7,833
2,734
10,934


Charge for the year on owned assets
8
609
20
637



At 31 December 2023

375
8,442
2,754
11,571



Net book value



At 31 December 2023
26
1,828
57
1,911



At 31 December 2022
34
2,437
77
2,548


6.


Stocks

2023
2022
£
£

Raw materials and consumables
14,850
15,345

Work in progress
3,825
3,995

18,675
19,340


Page 7

 
CREATIVE KITCHENS SALISBURY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£


Other debtors
34,264
20,812

Prepayments and accrued income
5,101
4,445

39,365
25,257


Included within other debtors due within one year is a loan to Robert Godfrey, a director, amounting to £28,019 (2022 - £14,345). There were no conditions attached.




8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
62,543
104,882

62,543
104,882



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
32,346
32,449

Corporation tax
20,971
31,020

Other taxation and social security
9,149
7,757

Other creditors
-
5,588

Accruals and deferred income
1,991
1,900

64,457
78,714


Page 8

 
CREATIVE KITCHENS SALISBURY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



70 (2022 - 70) Ordinary shares of £1 each
70
70
30 (2022 - 30) A shares of £1 each
30
30

100

100



11.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
17,500
15,000

Later than 1 year and not later than 5 years
179,375
-

196,875
15,000


12.


Controlling party

The Company is controlled by the director Robert Godfrey, by virtue of his shareholding, as described in the Director's report. 

 
Page 9