Company Registration No. 12451484 (England and Wales)
The Abinger Cookery School Limited
Unaudited accounts
for the year ended 31 March 2024
The Abinger Cookery School Limited
Unaudited accounts
Contents
The Abinger Cookery School Limited
Company Information
for the year ended 31 March 2024
Directors
MARSH, Christopher Alan
MARSH, Elizabeth Antonia
MARSH, Stephanie Louise
Company Number
12451484 (England and Wales)
Registered Office
Longfrey Cottage
Dorking Road
Chilworth
Guildford
Surrey
GU4 8RH
England
Accountants
Surrey Hills Accountancy Limited
The Old Workshop
Longfrey Cottage
Dorking Road
Chilworth
GU4 8RH
The Abinger Cookery School Limited
Statement of financial position
as at 31 March 2024
Intangible assets
23,492
48,799
Tangible assets
261,698
297,166
Cash at bank and in hand
10,583
9,590
Creditors: amounts falling due within one year
(86,615)
(80,097)
Net current liabilities
(60,504)
(44,650)
Total assets less current liabilities
224,686
301,315
Creditors: amounts falling due after more than one year
(413,210)
(423,744)
Net liabilities
(188,524)
(122,429)
Called up share capital
60
60
Profit and loss account
(188,584)
(122,489)
Shareholders' funds
(188,524)
(122,429)
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by
MARSH, Christopher Alan
Director
Company Registration No. 12451484
The Abinger Cookery School Limited
Notes to the Accounts
for the year ended 31 March 2024
The Abinger Cookery School Limited is a private company, limited by shares, registered in England and Wales, registration number 12451484. The registered office is Longfrey Cottage, Dorking Road, Chilworth, Guildford, Surrey, GU4 8RH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
33.3 Yrs SL
Other tangible fixed assets
10 Yrs SL
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Business Intellectual - 5 Years
Property Website development - 5 Years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The Abinger Cookery School Limited
Notes to the Accounts
for the year ended 31 March 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2023
111,991
14,645
126,636
At 31 March 2024
111,991
14,645
126,636
At 1 April 2023
69,023
8,814
77,837
Charge for the year
22,379
2,928
25,307
At 31 March 2024
91,402
11,742
103,144
At 31 March 2024
20,589
2,903
23,492
At 31 March 2023
42,968
5,831
48,799
The Abinger Cookery School Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
70,000
330,291
7,320
407,611
At 31 March 2024
70,000
331,989
7,320
409,309
At 1 April 2023
2,275
107,753
417
110,445
Charge for the year
2,100
33,968
1,098
37,166
At 31 March 2024
4,375
141,721
1,515
147,611
At 31 March 2024
65,625
190,268
5,805
261,698
At 31 March 2023
67,725
222,538
6,903
297,166
Amounts falling due within one year
Trade debtors
10,275
15,235
Deferred tax asset
-
5,742
Accrued income and prepayments
2,253
1,880
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
6,015
5,296
Taxes and social security
3,237
3,644
Deferred income
67,480
62,139
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
153,016
180,148
Loans from directors
260,194
243,596
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).