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REGISTERED NUMBER: 09390570 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Trade Kitchen Counter Limited

Trade Kitchen Counter Limited (Registered number: 09390570)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Trade Kitchen Counter Limited

Company Information
for the year ended 31 January 2024







DIRECTOR: D Jones





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 09390570 (England and Wales)

Trade Kitchen Counter Limited (Registered number: 09390570)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,729 711

CURRENT ASSETS
Stocks 26,000 26,000
Debtors 6 31,971 27,888
Cash at bank 8,373 -
66,344 53,888
CREDITORS
Amounts falling due within one year 7 201,686 147,353
NET CURRENT LIABILITIES (135,342 ) (93,465 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(128,613

)

(92,754

)

CREDITORS
Amounts falling due after more than one year 8 5,367 -
NET LIABILITIES (133,980 ) (92,754 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (134,080 ) (92,854 )
SHAREHOLDERS' FUNDS (133,980 ) (92,754 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Trade Kitchen Counter Limited (Registered number: 09390570)

Statement of Financial Position - continued
31 January 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





D Jones - Director


Trade Kitchen Counter Limited (Registered number: 09390570)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Trade Kitchen Counter Limited ('The Company') is primarily engaged in the sale of kitchens.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
The director has confirmed that he will continue to support the company and that he will not seek repayment of the directors loan account until such time the company finances permit.

On this basis the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments which would result if the going concern basis was not appropriate.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Trade Kitchen Counter Limited (Registered number: 09390570)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates so as to write off their cost less residual amounts over their estimated useful economic lives. Assets are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount.

Computer equipment- 33% on cost
Motor vehicles- 25% on reducing balance

The residual values and useful lives of assets are reviewed and adjusted if appropriate at each statement of financial position date.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Trade Kitchen Counter Limited (Registered number: 09390570)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

3. ACCOUNTING POLICIES - continued

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset maybe impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the statement of comprehensive income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 2,995 7,000 9,995
Additions 7,995 300 8,295
At 31 January 2024 10,990 7,300 18,290
DEPRECIATION
At 1 February 2023 2,284 7,000 9,284
Charge for year 2,177 100 2,277
At 31 January 2024 4,461 7,100 11,561
NET BOOK VALUE
At 31 January 2024 6,529 200 6,729
At 31 January 2023 711 - 711

Trade Kitchen Counter Limited (Registered number: 09390570)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 7,995
At 31 January 2024 7,995
DEPRECIATION
Charge for year 1,999
At 31 January 2024 1,999
NET BOOK VALUE
At 31 January 2024 5,996

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,200 8,200

Amounts falling due after more than one year:
Other debtors 30,771 19,688

Aggregate amounts 31,971 27,888

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 9,850
Hire purchase contracts 1,400 -
Trade creditors 1,095 3,213
Taxation and social security 1,747 9,517
Other creditors 197,444 124,773
201,686 147,353

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,367 -

Trade Kitchen Counter Limited (Registered number: 09390570)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 6,767 -