Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalse2023-04-01No description of principal activity1815falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11899037 2023-04-01 2024-03-31 11899037 2022-04-01 2023-03-31 11899037 2024-03-31 11899037 2023-03-31 11899037 c:Director1 2023-04-01 2024-03-31 11899037 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 11899037 d:Buildings d:LongLeaseholdAssets 2024-03-31 11899037 d:Buildings d:LongLeaseholdAssets 2023-03-31 11899037 d:FurnitureFittings 2023-04-01 2024-03-31 11899037 d:FurnitureFittings 2024-03-31 11899037 d:FurnitureFittings 2023-03-31 11899037 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11899037 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11899037 d:ComputerSoftware 2024-03-31 11899037 d:ComputerSoftware 2023-03-31 11899037 d:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 11899037 d:CurrentFinancialInstruments 2024-03-31 11899037 d:CurrentFinancialInstruments 2023-03-31 11899037 d:Non-currentFinancialInstruments 2024-03-31 11899037 d:Non-currentFinancialInstruments 2023-03-31 11899037 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11899037 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11899037 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11899037 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11899037 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 11899037 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 11899037 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 11899037 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11899037 d:ShareCapital 2024-03-31 11899037 d:ShareCapital 2023-03-31 11899037 d:RetainedEarningsAccumulatedLosses 2024-03-31 11899037 d:RetainedEarningsAccumulatedLosses 2023-03-31 11899037 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11899037 c:OrdinaryShareClass1 2024-03-31 11899037 c:OrdinaryShareClass1 2023-03-31 11899037 c:FRS102 2023-04-01 2024-03-31 11899037 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11899037 c:FullAccounts 2023-04-01 2024-03-31 11899037 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11899037 d:ComputerSoftware d:OwnedIntangibleAssets 2023-04-01 2024-03-31 11899037 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11899037









OPKITCHEN LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
OPKITCHEN LTD
REGISTERED NUMBER: 11899037

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
2,400
4,800

Tangible assets
 5 
114,589
149,130

  
116,989
153,930

Current assets
  

Stocks
  
9,487
8,511

Debtors: amounts falling due within one year
 6 
165,297
169,969

Cash at bank and in hand
 7 
20,002
30,477

  
194,786
208,957

Creditors: amounts falling due within one year
 8 
(290,259)
(143,909)

Net current (liabilities)/assets
  
 
 
(95,473)
 
 
65,048

Total assets less current liabilities
  
21,516
218,978

Creditors: amounts falling due after more than one year
 9 
(140,388)
(187,102)

Provisions for liabilities
  

Deferred tax
 11 
-
(14,435)

  
 
 
-
 
 
(14,435)

Net (liabilities)/assets
  
(118,872)
17,441


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
(118,972)
17,341

  
(118,872)
17,441


Page 1

 
OPKITCHEN LTD
REGISTERED NUMBER: 11899037
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Dersim Kesen
Director

Date: 28 November 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

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

1.


General information

Opkitchen Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 11899037. The address of the registered office is 291 Green Lanes, London N13 4XS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statement have been prepared on a going concern basis on the understanding that, if required,  the company's shareholders will provide financial support to the company for a period of at least twelve months from the approval of these financial statements.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

The sale of food and beverages are reported at the point of sale.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

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

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Website expenditure
-
5
years

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

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

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
Fixtures, fittings and equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

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

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 15).


4.


Intangible assets




Website developme-nt costs

£



Cost


At 1 April 2023
12,000



At 31 March 2024

12,000



Amortisation


At 1 April 2023
7,200


Charge for the year on owned assets
2,400



At 31 March 2024

9,600



Net book value



At 31 March 2024
2,400



At 31 March 2023
4,800



Page 6

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

5.


Tangible fixed assets





Long-term leasehold property
Fixtures, fittings and equipment
Total

£
£
£



Cost


At 1 April 2023
117,191
148,132
265,323


Additions
-
8,504
8,504



At 31 March 2024

117,191
156,636
273,827



Depreciation


At 1 April 2023
42,376
73,816
116,192


Charge for the year on owned assets
11,719
31,327
43,046



At 31 March 2024

54,095
105,143
159,238



Net book value



At 31 March 2024
63,096
51,493
114,589

Page 7

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

6.


Debtors

2024
2023
£
£


Trade debtors
3,049
-

Other debtors
160,000
160,000

Prepayments and accrued income
2,248
9,969

165,297
169,969



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
20,002
30,477

20,002
30,477



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
46,713
42,626

Trade creditors
163,710
36,062

Corporation tax
-
651

Other taxation and social security
47,091
42,283

Other creditors
20,191
16,209

Accruals and deferred income
12,554
6,078

290,259
143,909



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
140,388
187,102

140,388
187,102


Page 8

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

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
46,713
42,626

Amounts falling due 1-2 years

Bank loans
51,198
46,713

Amounts falling due 2-5 years

Bank loans
89,190
140,389


187,101
229,728



11.


Deferred taxation


2024


£






At beginning of year
(14,435)


Utilised in year
14,435



At end of year
-




12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



13.


Related party transactions

Included within Other Debtors is a loan amount of £160,000 (2023: £160,000) due from a company that is under the control of a company of a company shareholder and Director that served in the year. The loan is unsecured, free of interest and repayable on demand.

 
Page 9