Elfin Kitchens Limited
for the Year Ended 29 February 2024
Elfin Kitchens Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Elfin Kitchens Limited
Company Information
Directors |
Mrs EK Andrew Mr Thomas Barry McCain Mr Neill James Andrew |
Company secretary |
Mrs EK Andrew |
Registered office |
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Accountants |
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Elfin Kitchens Limited
(Registration number: 05709783)
Balance Sheet as at 29 February 2024
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2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Capital redemption reserve |
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- |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Elfin Kitchens Limited
(Registration number: 05709783)
Balance Sheet as at 29 February 2024
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Elfin Kitchens Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Foreign currency transactions and balances
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
25% on reducing balance |
Elfin Kitchens Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
Fixtures and fittings |
25% on reducing balance |
Computer equipment |
25% on reducing balance |
Improvement of property |
10 years |
Intangible assets
Development costs are being amortised over their estimated useful life on a 25% reducing balance basis.
Amortisation
Asset class |
Amortisation method and rate |
Website Development |
10 Years |
stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.
Defined contribution pension obligation
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which
they relate.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Profit before tax |
Arrived at after charging/(crediting)
2024 |
2023 |
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Depreciation expense |
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Elfin Kitchens Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Improvements to property |
Other tangible assets |
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Cost or valuation |
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At 1 March 2023 |
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Additions |
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- |
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At 29 February 2024 |
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Depreciation |
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At 1 March 2023 |
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- |
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Charge for the year |
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At 29 February 2024 |
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Carrying amount |
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At 29 February 2024 |
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At 28 February 2023 |
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Elfin Kitchens Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
Total |
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Cost or valuation |
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At 1 March 2023 |
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Additions |
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At 29 February 2024 |
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Depreciation |
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At 1 March 2023 |
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Charge for the year |
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At 29 February 2024 |
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Carrying amount |
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At 29 February 2024 |
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At 28 February 2023 |
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Included within the net book value of land and buildings above is £464,225 (2023 - £464,225) in respect of freehold land and buildings.
stocks |
2024 |
2023 |
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Other inventories |
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Elfin Kitchens Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
debtors |
Note |
2024 |
2023 |
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Trade debtors |
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Amounts owed by related parties |
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Other debtors |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Social security and other taxes |
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Other payables |
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Accruals |
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Income tax liability |
100,236 |
121,569 |
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Due after one year |
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Loans and borrowings |
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Elfin Kitchens Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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26 |
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26 |
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6 |
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25 |
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Company has bought back 19 - B Ordinary Shares on 06/09/2023.
Loans and borrowings |
2024 |
2023 |
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Non-current loans and borrowings |
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Bank borrowings |
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Hire purchase contracts |
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- |
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2024 |
2023 |
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Current loans and borrowings |
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Bank borrowings |
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Hire purchase contracts |
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- |
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Elfin Kitchens Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
Related party transactions |
Transactions with directors |
Transactions with directors |
2024 |
Advances to directors |
Repayments by director |
At 29 February 2024 |
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156,531 |
(120,000) |
44,755 |
2023 |
Advances to directors |
Repayments by director |
At 28 February 2023 |
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128,224 |
(130,000) |
8,224 |