Registered number
10585737
Kitchen Appliance Care Limited
Filleted Accounts
31 January 2024
Kitchen Appliance Care Limited
Registered number: 10585737
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,947 27,676
Current assets
Debtors 4 1,815 15,120
Cash at bank and in hand 42,091 52,028
43,906 67,148
Creditors: amounts falling due within one year 5 (19,731) (20,296)
Net current assets 24,175 46,852
Total assets less current liabilities 43,122 74,528
Creditors: amounts falling due after more than one year 6 (2,667) (4,666)
Net assets 40,455 69,862
Capital and reserves
Called up share capital 1 1
Profit and loss account 40,454 69,861
Shareholders' funds 40,455 69,862
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.
Mrs S Orwin
Director
Approved by the board on 9 October 2024
Kitchen Appliance Care Limited
Notes to the Accounts
for the year ended 31 January 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:
Building Improvements none provided
Plant and machinery over 3 and 5 years
Fixtures, fittings, tools and equipment over 3 and 5 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 3,255 21,251 22,545 47,051
Additions - 1,220 - 1,220
At 31 January 2024 3,255 22,471 22,545 48,271
Depreciation
At 1 February 2023 - 10,357 9,018 19,375
Charge for the year - 5,440 4,509 9,949
At 31 January 2024 - 15,797 13,527 29,324
Net book value
At 31 January 2024 3,255 6,674 9,018 18,947
At 31 January 2023 3,255 10,894 13,527 27,676
4 Debtors 2024 2023
£ £
Trade debtors 1,759 15,120
Other debtors 56 -
1,815 15,120
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,000 2,000
Trade creditors 1,166 880
Taxation and social security costs 15,866 17,416
Other creditors 699 -
19,731 20,296
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,667 4,666
7 Controlling party
The company is controlled by Mrs S Orwin, Mr P Briggs and Mr D Briggs.
8 Other information
Kitchen Appliance Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
46 Foundry Street
Elsecar
Barnsley
S74 8EQ
Kitchen Appliance Care Limited 10585737 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2024 Mrs S Orwin No description of principal activity 10585737 2022-02-01 2023-01-31 10585737 core:WithinOneYear 2023-01-31 10585737 core:AfterOneYear 2023-01-31 10585737 core:ShareCapital 2023-01-31 10585737 core:RetainedEarningsAccumulatedLosses 2023-01-31 10585737 2023-02-01 2024-01-31 10585737 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10585737 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 10585737 bus:Director40 2023-02-01 2024-01-31 10585737 1 2023-02-01 2024-01-31 10585737 2 2023-02-01 2024-01-31 10585737 core:LandBuildings 2023-02-01 2024-01-31 10585737 core:PlantMachinery 2023-02-01 2024-01-31 10585737 core:Vehicles 2023-02-01 2024-01-31 10585737 countries:England 2023-02-01 2024-01-31 10585737 bus:FRS102 2023-02-01 2024-01-31 10585737 bus:FilletedAccounts 2023-02-01 2024-01-31 10585737 2024-01-31 10585737 core:WithinOneYear 2024-01-31 10585737 core:AfterOneYear 2024-01-31 10585737 core:ShareCapital 2024-01-31 10585737 core:RetainedEarningsAccumulatedLosses 2024-01-31 10585737 core:LandBuildings 2024-01-31 10585737 core:PlantMachinery 2024-01-31 10585737 core:Vehicles 2024-01-31 10585737 2023-01-31 10585737 core:LandBuildings 2023-01-31 10585737 core:PlantMachinery 2023-01-31 10585737 core:Vehicles 2023-01-31 iso4217:GBP xbrli:pure