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Registered number: 12411831
Complete Kitchens Mansfield Ltd
Financial Statements
For The Year Ended 30 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12411831
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,219 13,211
23,219 13,211
CURRENT ASSETS
Debtors 5 99,649 54,450
Cash at bank and in hand 4,427 310
104,076 54,760
Creditors: Amounts Falling Due Within One Year 6 (71,096 ) (47,186 )
NET CURRENT ASSETS (LIABILITIES) 32,980 7,574
TOTAL ASSETS LESS CURRENT LIABILITIES 56,199 20,785
Creditors: Amounts Falling Due After More Than One Year 7 (22,345 ) (18,170 )
NET ASSETS 33,854 2,615
CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 17,140 17,140
Profit and Loss Account 16,713 (14,526 )
SHAREHOLDERS' FUNDS 33,854 2,615
Page 1
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For the year ending 30 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Burnett
Director
7 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Complete Kitchens Mansfield Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12411831 . The registered office is Suite 5, The Willows, Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, Nottinghamshire, NG21 0HJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 3)
6 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 31 January 2023 92 24,737 474 25,303
Additions - 17,827 - 17,827
As at 30 January 2024 92 42,564 474 43,130
Depreciation
As at 31 January 2023 40 11,814 238 12,092
Provided during the period 13 7,687 119 7,819
As at 30 January 2024 53 19,501 357 19,911
Net Book Value
As at 30 January 2024 39 23,063 117 23,219
As at 31 January 2023 52 12,923 236 13,211
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 21,577 10,941
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 83,008 49,875
Other debtors 16,641 4,575
99,649 54,450
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,516 4,068
Trade creditors 2,550 8,175
Bank loans and overdrafts 3,000 3,000
Other creditors 45,404 30,000
Taxation and social security 11,626 1,943
71,096 47,186
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,345 10,170
Bank loans 5,000 8,000
22,345 18,170
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,516 4,068
Later than one year and not later than five years 17,345 10,170
25,861 14,238
25,861 14,238
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Reserves
Revaluation Reserve
£
As at 31 January 2023 17,140
As at 30 January 2024 17,140
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