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REGISTERED NUMBER: 08828235 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

F.T.REFRIGERATION - KITCHEN APPLIANCES
LIMITED

F.T.REFRIGERATION - KITCHEN APPLIANCES
LIMITED (REGISTERED NUMBER: 08828235)






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


F.T.REFRIGERATION - KITCHEN APPLIANCES
LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R Turner
Miss S Offord
Mr L Turner





SECRETARY: Ms M Butler





REGISTERED OFFICE: 35 High Street
Addlestone
Surrey
KT15 1TT





REGISTERED NUMBER: 08828235 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

F.T.REFRIGERATION - KITCHEN APPLIANCES
LIMITED (REGISTERED NUMBER: 08828235)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 4,360
Tangible assets 5 22,482 15,572
Investments 6 62,726 59,675
85,208 79,607

CURRENT ASSETS
Stocks 80,123 91,996
Debtors 7 89,639 146,549
Cash at bank and in hand 202,957 275,184
372,719 513,729
CREDITORS
Amounts falling due within one year 8 111,278 122,584
NET CURRENT ASSETS 261,441 391,145
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,649

470,752

CREDITORS
Amounts falling due after more than one
year

9

12,371

22,371
NET ASSETS 334,278 448,381

CAPITAL AND RESERVES
Called up share capital 10 251 251
Revaluation reserve 11 3,052 -
Retained earnings 11 330,975 448,130
SHAREHOLDERS' FUNDS 334,278 448,381

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.

F.T.REFRIGERATION - KITCHEN APPLIANCES
LIMITED (REGISTERED NUMBER: 08828235)

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 12 November 2024 and were signed on its behalf by:





Mr R Turner - Director


F.T.REFRIGERATION - KITCHEN APPLIANCES
LIMITED (REGISTERED NUMBER: 08828235)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

F.T.Refrigeration - Kitchen Appliances 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 as modified by the revaluation of certain assets.

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 2013, is being amortised evenly over its estimated useful life of ten years.

Goodwill - 10 %SL

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.

Plant and machinery - 25% RBM
Computer & equipment- 25% RBM
Fixture and fittings - 25% RBM
Motor vehicles- 25% RBM

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 10 (2023 - 10 ) .

F.T.REFRIGERATION - KITCHEN APPLIANCES
LIMITED (REGISTERED NUMBER: 08828235)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 21,800
AMORTISATION
At 1 April 2023 17,440
Charge for year 4,360
At 31 March 2024 21,800
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 4,360

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 4,375 1,015 82,865 2,637 90,892
Additions 14,211 195 - - 14,406
At 31 March 2024 18,586 1,210 82,865 2,637 105,298
DEPRECIATION
At 1 April 2023 3,902 748 69,020 1,650 75,320
Charge for year 3,671 116 3,462 247 7,496
At 31 March 2024 7,573 864 72,482 1,897 82,816
NET BOOK VALUE
At 31 March 2024 11,013 346 10,383 740 22,482
At 31 March 2023 473 267 13,845 987 15,572

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 59,675
Revaluations 3,051
At 31 March 2024 62,726
NET BOOK VALUE
At 31 March 2024 62,726
At 31 March 2023 59,675

F.T.REFRIGERATION - KITCHEN APPLIANCES
LIMITED (REGISTERED NUMBER: 08828235)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. FIXED ASSET INVESTMENTS - continued

Investments are carried at its market value at the year end date.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 49,455 69,232
Other debtors 40,184 77,317
89,639 146,549

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 53,383 54,117
Taxation and social security 45,337 43,179
Other creditors 2,558 15,288
111,278 122,584

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 12,371 22,371

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
50 Ordinary A £1 251 51
50 Ordinary B £1 - 50
151 Ordinary C £1 - 150
251 251

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 448,130 - 448,130
Deficit for the year (2,044 ) (2,044 )
Dividends (115,111 ) (115,111 )
Investment revaluation - 3,052 3,052
At 31 March 2024 330,975 3,052 334,027

F.T.REFRIGERATION - KITCHEN APPLIANCES
LIMITED (REGISTERED NUMBER: 08828235)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. RELATED PARTY DISCLOSURES

At the year end the director owed an amount of £ 33,554 (2023 : £ 71,043) to the company.

13. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mr R Turner, Mr L Turner & Miss S Offord the directors of the company.