Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
|
|
|
633,440 | 261,590 | |||
Current assets | ||||
Debtors | 4 |
|
|
|
0 | 200,000 | |||
Creditors: amounts falling due within one year | 5 | (
|
|
|
Net current (liabilities)/assets | (171,850) | 200,000 | ||
Total assets less current liabilities | 461,590 | 461,590 | ||
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital | 6 |
|
|
|
Share premium account |
|
|
||
Profit and loss account |
|
|
||
Total shareholders' funds |
|
|
Director's responsibilities:
The financial statements of Project Kitchens UK Limited (registered number:
Mrs B Sewell
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Project Kitchens UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 4 Ball Green, Trafford Park, Manchester, M32 0QT, England, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
|
|
2024 | 2023 | ||
£ | £ | ||
Subsidiary undertakings |
|
|
Investments in subsidiaries
2024 | |
£ | |
Cost | |
At 01 February 2023 |
|
Additions |
|
At 31 January 2024 |
|
Carrying value at 31 January 2024 |
|
Carrying value at 31 January 2023 |
|
In the opinion of the director, costs remains a realistic estimate of the market value of investments.
Investments in shares
Name of entity | Registered office | Principal activity | Class of shares |
Ownership 31.01.2024 |
Ownership 31.01.2023 |
|
4 Ball Green, Trafford Park, Manchester | Supply of fitted kitchens |
|
|
|
|
4 Ball Green, Trafford Park, Manchester | Supply of fitted kitchens |
|
|
|
2024 | 2023 | ||
£ | £ | ||
Amounts owed by Group undertakings |
|
|
2024 | 2023 | ||
£ | £ | ||
Amounts owed to Group undertakings |
|
|
2024 | 2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
|
|
|
|
|
|
|
|
45 | 45 |