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REGISTERED NUMBER: 10909358 (England and Wales)












Unaudited Financial Statements

For The Period

1st September 2022 to 28th February 2024

for

School Kitchen Limited

School Kitchen Limited (Registered number: 10909358)






Contents of the Financial Statements
For The Period 1st September 2022 to 28th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


School Kitchen Limited

Company Information
For The Period 1st September 2022 to 28th February 2024







DIRECTOR: D W Nicholson





REGISTERED OFFICE: 4 Old Market Place
Ripon
HG4 1EQ





REGISTERED NUMBER: 10909358 (England and Wales)





ACCOUNTANTS: F E Metcalfe & Co Limited
Chartered Accountants
4 Old Market Place
Ripon
North Yorkshire
HG4 1EQ

School Kitchen Limited (Registered number: 10909358)

Balance Sheet
28th February 2024

28.2.24 31.8.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 5 3,708 -
Tangible assets 6 24,918 553
28,626 553

CURRENT ASSETS
Stocks 10,913 223,921
Debtors 7 15,352 31,277
Cash at bank 174,053 100,913
200,318 356,111
CREDITORS
Amounts falling due within one year 8 70,996 131,562
NET CURRENT ASSETS 129,322 224,549
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,948

225,102

PROVISIONS FOR LIABILITIES 9 6,100 -
NET ASSETS 151,848 225,102

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 151,846 225,100
151,848 225,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28th February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

School Kitchen Limited (Registered number: 10909358)

Balance Sheet - continued
28th February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th November 2024 and were signed by:





D W Nicholson - Director


School Kitchen Limited (Registered number: 10909358)

Notes to the Financial Statements
For The Period 1st September 2022 to 28th February 2024

1. STATUTORY INFORMATION

School Kitchen 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. STATEMENT OF COMPLIANCE

These financial statements were prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") as issued in August 2014. The financial statements have been prepared under the historical cost convention.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.

Turnover
The turnover represents net invoiced sales of consultancy and food services, excluding value added tax after adjusting for opening and closing work in progress provisions.

Turnover is measured at the fair value of the consideration received or receivable for consultancy and food services, net of VAT and any discounts. Turnover is recognised when the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually the date when the consultancy or food service was provided.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less any estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer equipment 33% straight line on cost
Plant and machinery 20% straight line on cost
Delivery bikes 20% straight line on cost
Property improvements 25% straight line on cost

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

Work in progress is valued at cost plus attributable profit. Attributable profit is that part of the total profit on the contract which fairly reflects the work performed at the balance sheet date and which can be assessed with reasonable certainty.


School Kitchen Limited (Registered number: 10909358)

Notes to the Financial Statements - continued
For The Period 1st September 2022 to 28th February 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 unless considered not material.

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 period 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
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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account, unless the asset is carried at a revalued amount and the impairment loss is a decrease to a previous revaluation.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Interest receivable
Interest income is recognised using the effective interest method.

School Kitchen Limited (Registered number: 10909358)

Notes to the Financial Statements - continued
For The Period 1st September 2022 to 28th February 2024

3. ACCOUNTING POLICIES - continued

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

A basic financial liability that is a loan from a person who is a director and a shareholder is recorded at the initial transaction price and is not measured at fair value.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
Additions 4,120
At 28th February 2024 4,120
AMORTISATION
Charge for period 412
At 28th February 2024 412
NET BOOK VALUE
At 28th February 2024 3,708

School Kitchen Limited (Registered number: 10909358)

Notes to the Financial Statements - continued
For The Period 1st September 2022 to 28th February 2024

6. TANGIBLE FIXED ASSETS
Improvements Plant and Delivery Computer
to property machinery Bikes equipment Totals
£ £ £ £ £
COST
At 1st September 2022 - - - 825 825
Additions 3,564 16,165 3,888 4,163 27,780
At 28th February 2024 3,564 16,165 3,888 4,988 28,605
DEPRECIATION
At 1st September 2022 - - - 272 272
Charge for period 892 645 314 1,564 3,415
At 28th February 2024 892 645 314 1,836 3,687
NET BOOK VALUE
At 28th February 2024 2,672 15,520 3,574 3,152 24,918
At 31st August 2022 - - - 553 553

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 31.8.22
£ £
Other debtors 6,557 -
Prepayments 8,795 31,277
15,352 31,277

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 31.8.22
£ £
Trade creditors 35,073 -
Corporation Tax 24,453 62,343
Social security and other taxes 2,055 5,072
Other creditors 423 90
Directors' current accounts 3,242 20,830
Accrued expenses 5,750 43,227
70,996 131,562

9. PROVISIONS FOR LIABILITIES
28.2.24 31.8.22
£ £
Deferred tax 6,100 -

Deferred tax
£
Accelerated capital allowances 6,100
Balance at 28th February 2024 6,100