Company Registration No. 09960626 (England and Wales)
Signature Kitchens (IW) Ltd
Unaudited accounts
for the year ended 31 March 2024
Signature Kitchens (IW) Ltd
Unaudited accounts
Contents
Signature Kitchens (IW) Ltd
Company Information
for the year ended 31 March 2024
Directors
Dave James Cattell
Joanna Cattell
Company Number
09960626 (England and Wales)
Registered Office
207 Fairlee Road
Newport
Isle of Wight
PO30 2EP
United Kingdom
Accountants
Vision Accounting
Fortis House
Cothey Way
Ryde
Isle of Wight
PO33 1QT
Signature Kitchens (IW) Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
27,367
42,127
Cash at bank and in hand
170,531
59,794
Creditors: amounts falling due within one year
(169,016)
(76,401)
Net current assets
33,867
34,450
Total assets less current liabilities
61,234
76,577
Creditors: amounts falling due after more than one year
(21,632)
(31,768)
Called up share capital
2
2
Profit and loss account
39,600
44,807
Shareholders' funds
39,602
44,809
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by
Dave James Cattell
Director
Company Registration No. 09960626
Signature Kitchens (IW) Ltd
Notes to the Accounts
for the year ended 31 March 2024
Signature Kitchens (IW) Ltd is a private company, limited by shares, registered in England and Wales, registration number 09960626. The registered office is 207 Fairlee Road, Newport, Isle of Wight, PO30 2EP, 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 remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
20% Straight Line
Computer equipment
33% Straight Line
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.
4
Tangible fixed assets
Plant & machinery
Charge for the year
14,760
Signature Kitchens (IW) Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
12,352
23,826
Amounts due from group undertakings etc.
-
12,231
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
12,128
3,477
Other creditors
110,135
49,810
Loans from directors
20,112
1,340
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
As at the Year End, Cattell Property Management Ltd cleared all balances owed to Signature Kitchens (IW) Ltd.
Related party connection exists due to Mr & Mrs Cattell having significant control over both companies.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).