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REGISTERED NUMBER: 09393154 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

STANMORE KITCHENS LTD

STANMORE KITCHENS LTD (REGISTERED NUMBER: 09393154)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANMORE KITCHENS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr K Kusman





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 09393154 (England and Wales)





ACCOUNTANTS: MGR SD Limited
55 Loudoun Road
London
NW8 0DL

STANMORE KITCHENS LTD (REGISTERED NUMBER: 09393154)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 64,826 82,332

CURRENT ASSETS
Debtors 5 332,825 326,275
Cash at bank 3,190 37,971
336,015 364,246
CREDITORS
Amounts falling due within one year 6 (280,787 ) (284,574 )
NET CURRENT ASSETS 55,228 79,672
TOTAL ASSETS LESS CURRENT LIABILITIES 120,054 162,004

PROVISIONS FOR LIABILITIES 8 (12,317 ) (15,643 )
NET ASSETS 107,737 146,361

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 107,637 146,261
SHAREHOLDERS' FUNDS 107,737 146,361

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.

STANMORE KITCHENS LTD (REGISTERED NUMBER: 09393154)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2024 and were signed by:





Mr K Kusman - Director


STANMORE KITCHENS LTD (REGISTERED NUMBER: 09393154)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Stanmore Kitchens Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - evenly over the period of the lease
Plant and machinery - 25% on reducing balance and evenly over the period of the lease
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

STANMORE KITCHENS LTD (REGISTERED NUMBER: 09393154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 10,554 257,536 29,240 5,348 302,678
Additions - 2,123 - 2,332 4,455
At 31 January 2024 10,554 259,659 29,240 7,680 307,133
DEPRECIATION
At 1 February 2023 7,387 200,182 9,984 2,793 220,346
Charge for year 1,056 14,870 4,814 1,221 21,961
At 31 January 2024 8,443 215,052 14,798 4,014 242,307
NET BOOK VALUE
At 31 January 2024 2,111 44,607 14,442 3,666 64,826
At 31 January 2023 3,167 57,354 19,256 2,555 82,332

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 2,748 10,079
Amounts owed by group undertakings 280,851 255,000
Other debtors 49,226 61,196
332,825 326,275

STANMORE KITCHENS LTD (REGISTERED NUMBER: 09393154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 87,279 32,410
Amounts owed to group undertakings 7,500 -
Taxation and social security 24,737 43,750
Other creditors 161,271 208,414
280,787 284,574

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 57,000 57,000
Between one and five years 76,989 133,989
133,989 190,989

8. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 12,317 15,643

Deferred
tax
£   
Balance at 1 February 2023 15,643
Credit to Income Statement during year (3,326 )
Balance at 31 January 2024 12,317

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

10. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of employees and the director. Amounts charged to the profit and loss account were £4,931 (2023: £5,831) for the year. At the balance sheet date there were outstanding employer contributions of £266 (2023: £508).

STANMORE KITCHENS LTD (REGISTERED NUMBER: 09393154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


11. RELATED PARTY DISCLOSURES

Weybridge Kitchens Ltd

A company in which Mr Kusman is a shareholder.


The company loaned £264,670 with interest charged of £16,180.93.

31.1.24 31.1.23
£    £   
Amount due from related party at the balance sheet date 280,851 -

KNKNG Holdings Ltd

A company in which Mr Kusman is a shareholder.


The company issued a £7,500 dividend to KNKNG Holdings Limited.

31.1.24 31.1.23
£    £   
Amount due to related party at the balance sheet date 7,500 -

12. ULTIMATE CONTROLLING PARTY

The company is owned by KNKNG Holdings Limited

The ultimate controlling party is Mr K Kusman.