Company Registration No. 14672991 (England and Wales)
Harry James Kitchens Limited
Unaudited accounts
for the period from 18 February 2023 to 29 February 2024
Harry James Kitchens Limited
Unaudited accounts
Contents
Harry James Kitchens Limited
Company Information
for the period from 18 February 2023 to 29 February 2024
Company Number
14672991 (England and Wales)
Registered Office
Old Slade Lane
Richings Park
Iver
Bucks
SL0 9DX
United Kingdom
Harry James Kitchens Limited
Statement of financial position
as at 29 February 2024
Creditors: amounts falling due within one year
(184,706)
Net current liabilities
(178,514)
Called up share capital
100
Profit and loss account
(80,124)
Shareholders' funds
(80,024)
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 November 2024 and were signed on its behalf by
Harry James
Director
Company Registration No. 14672991
Harry James Kitchens Limited
Notes to the Accounts
for the period from 18 February 2023 to 29 February 2024
Harry James Kitchens Limited is a private company, limited by shares, registered in England and Wales, registration number 14672991. The registered office is Old Slade Lane, Richings Park, Iver, Bucks, SL0 9DX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention except that disclosed in the accounting policies certain items are shown at fair value.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over 5 years
Plant & machinery
25% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% straight line basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Harry James Kitchens Limited
Notes to the Accounts
for the period from 18 February 2023 to 29 February 2024
The company's balance sheet showed a net liability position at 29 February 2024.
The director has arranged adequate funding to help finance the company's continuing activities and to enable it to pay its debts as and when they fall due for payment.
Accordingly, the directors consider that the company is a going concern and the financial statements have been prepared on that basis.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 18 February 2023
-
-
-
-
-
Additions
35,833
74,852
12,000
5,106
127,791
At 29 February 2024
35,833
74,852
12,000
5,106
127,791
Charge for the period
7,167
18,713
2,400
1,021
29,301
At 29 February 2024
7,167
18,713
2,400
1,021
29,301
At 29 February 2024
28,666
56,139
9,600
4,085
98,490
Amounts falling due within one year
Accrued income and prepayments
1,461
6
Creditors: amounts falling due within one year
2024
Bank loans and overdrafts
9,091
Taxes and social security
4,920
7
Operating lease commitments
2024
At 29 February 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
123,699
Harry James Kitchens Limited
Notes to the Accounts
for the period from 18 February 2023 to 29 February 2024
8
Transactions with related parties
Harry James Interiors Limited
During the period the company received services from this company totalling £39,000.
At the year end Harry James Kitchens Limited owed the above company £57,414.
9
Average number of employees
During the period the average number of employees was 2.