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REGISTERED NUMBER: 05325594 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

JC KITCHENS (SUDBURY) LIMITED

JC KITCHENS (SUDBURY) LIMITED (REGISTERED NUMBER: 05325594)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JC KITCHENS (SUDBURY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S R Barrett
Mrs E A S Barrett-Wild





SECRETARY: Mrs M Barrett





REGISTERED OFFICE: 3 Manor Road
Colchester
Essex
CO3 3LU





REGISTERED NUMBER: 05325594 (England and Wales)





ACCOUNTANTS: Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU

JC KITCHENS (SUDBURY) LIMITED (REGISTERED NUMBER: 05325594)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 110,876 145,868
Tangible assets 5 83,484 83,226
194,360 229,094

CURRENT ASSETS
Stocks 34,376 109,529
Debtors 6 168,151 237,213
Cash at bank 188,437 76,234
390,964 422,976
CREDITORS
Amounts falling due within one year 7 241,449 296,182
NET CURRENT ASSETS 149,515 126,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,875

355,888

PROVISIONS FOR LIABILITIES 14,585 13,750
NET ASSETS 329,290 342,138

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 329,190 342,038
SHAREHOLDERS' FUNDS 329,290 342,138

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

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

The directors acknowledge their 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.

JC KITCHENS (SUDBURY) LIMITED (REGISTERED NUMBER: 05325594)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by:





S R Barrett - Director


JC KITCHENS (SUDBURY) LIMITED (REGISTERED NUMBER: 05325594)

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

1. STATUTORY INFORMATION

Jc Kitchens (Sudbury) Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


JC KITCHENS (SUDBURY) LIMITED (REGISTERED NUMBER: 05325594)

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

2. ACCOUNTING POLICIES - continued
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.

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 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 350,000
AMORTISATION
At 1 April 2023 204,132
Amortisation for year 34,992
At 31 March 2024 239,124
NET BOOK VALUE
At 31 March 2024 110,876
At 31 March 2023 145,868

The Goodwill was acquired on 1 June 2017 when the company acquired the business of JC Kitchens from Mr S Barrett, a director of the company.

JC KITCHENS (SUDBURY) LIMITED (REGISTERED NUMBER: 05325594)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 20,377 10,523 8,690
Additions - 8,800 -
At 31 March 2024 20,377 19,323 8,690
DEPRECIATION
At 1 April 2023 4,759 6,577 4,718
Charge for year 781 2,549 596
At 31 March 2024 5,540 9,126 5,314
NET BOOK VALUE
At 31 March 2024 14,837 10,197 3,376
At 31 March 2023 15,618 3,946 3,972

Motor
vehicles Showroom Totals
£    £    £   
COST
At 1 April 2023 31,675 41,226 112,491
Additions - - 8,800
At 31 March 2024 31,675 41,226 121,291
DEPRECIATION
At 1 April 2023 13,211 - 29,265
Charge for year 4,616 - 8,542
At 31 March 2024 17,827 - 37,807
NET BOOK VALUE
At 31 March 2024 13,848 41,226 83,484
At 31 March 2023 18,464 41,226 83,226

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 161,798 224,091
Other debtors - 7,814
Prepayments 6,353 5,308
168,151 237,213

JC KITCHENS (SUDBURY) LIMITED (REGISTERED NUMBER: 05325594)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,893 54,640
Corporation tax 19,215 17,050
Social security and other taxes 1,135 -
Directors loan 72,338 48,624
Owed to associated company 120,968 170,968
Accrued expenses 4,900 4,900
241,449 296,182

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 342,038
Profit for the year 27,152
Dividends (40,000 )
At 31 March 2024 329,190

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2023 - £20,000) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The company is owned by Mr S Barrett who, together with his spouse, owns all of the issued share capital.