REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2024 |
for |
SQUIRES KITCHEN LIMITED |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2024 |
for |
SQUIRES KITCHEN LIMITED |
SQUIRES KITCHEN LIMITED (REGISTERED NUMBER: 12419077) |
Contents of the Financial Statements |
for the year ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SQUIRES KITCHEN LIMITED |
Company Information |
for the year ended 31 March 2024 |
Director: |
Registered office: |
Registered number: |
Auditors: |
Statutory Auditor |
Aissela |
46 High Street |
Esher |
Surrey |
KT10 9QY |
SQUIRES KITCHEN LIMITED (REGISTERED NUMBER: 12419077) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 | ( |
) | ( |
) |
Tangible assets | 5 |
Current assets |
Stocks |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Creditors |
Amounts falling due after more than one year |
8 |
( |
) |
Provisions for liabilities | ( |
) | ( |
) |
Net liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 10 |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
SQUIRES KITCHEN LIMITED (REGISTERED NUMBER: 12419077) |
Notes to the Financial Statements |
for the year ended 31 March 2024 |
1. | Statutory information |
Squires Kitchen Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Going concern |
The financial statements have been prepared on a going concern basis. The basis is considered appropriate by the director. |
The Director has reviewed and considered relevant information, including the annual budget and future cash flows in making his assessment. Given the proposed future performance and the net liability position of the company the Director has also sought and obtained the support of the parent undertaking for a period of at least 12 months from the signing of the accounts. Based on these assessments, the Director has concluded that he can continue to adopt the going concern basis in preparing the annual report and accounts. |
The financial statements do not include any adjustments that would be required if the going concern concept was not deemed appropriate. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
All fixed assets are initially recorded at cost. |
Depreciation if calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: |
Leasehold improvements Straight line over 10 years |
Fixtures and fittings Straight line over 5 years |
Plant and machinery 15% per annum on cost |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity statements. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
SQUIRES KITCHEN LIMITED (REGISTERED NUMBER: 12419077) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2024 |
2. | Accounting policies - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 April 2023 |
and 31 March 2024 | ( |
) |
Amortisation |
At 1 April 2023 | ( |
) |
Amortisation for year | ( |
) |
At 31 March 2024 | ( |
) |
Net book value |
At 31 March 2024 | ( |
) |
At 31 March 2023 | ( |
) |
SQUIRES KITCHEN LIMITED (REGISTERED NUMBER: 12419077) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2024 |
5. | Tangible fixed assets |
Fixtures |
Leasehold | Plant and | and |
improvements | machinery | fittings | Totals |
£ | £ | £ | £ |
Cost |
At 1 April 2023 |
Additions |
At 31 March 2024 |
Depreciation |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
At 31 March 2023 |
Fixed assets, included in the above, which are held under finance leases are as follows: |
Plant and |
machinery |
£ |
Cost |
Additions |
At 31 March 2024 |
Depreciation |
Charge for year |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
VAT |
Prepayments and accrued income |
SQUIRES KITCHEN LIMITED (REGISTERED NUMBER: 12419077) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2024 |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Finance leases (see note 9) |
Trade creditors |
Amounts owed to group undertakings |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
8. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Finance leases (see note 9) |
9. | Leasing agreements |
Minimum lease payments fall due as follows: |
Finance leases |
2024 | 2023 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable |
operating leases |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
10. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | 1 | 100 | 100 |
11. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
12. | Related party disclosures |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
SQUIRES KITCHEN LIMITED (REGISTERED NUMBER: 12419077) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2024 |
13. | Ultimate controlling party |
The company is a wholly owned subsidiary undertaking of Thew Arnott Group Limited, a company registered at Aissela, 46 High Street, Esher, Surrey, KT10 9QY. Copies of group accounts can be obtained from Companies House, Cardiff. |