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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
Page
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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
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Signature Kitchens (IW) Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,367 
42,127 
Current assets
Inventories
20,000 
15,000 
Debtors
12,352 
36,057 
Cash at bank and in hand
170,531 
59,794 
202,883 
110,851 
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)
Net assets
39,602 
44,809 
Capital and reserves
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
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Signature Kitchens (IW) Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 
£ 
Cost or valuation
At cost 
At 1 April 2023
73,436 
At 31 March 2024
73,436 
Depreciation
At 1 April 2023
31,309 
Charge for the year
14,760 
At 31 March 2024
46,069 
Net book value
At 31 March 2024
27,367 
At 31 March 2023
42,127 
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Signature Kitchens (IW) Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,352 
23,826 
Amounts due from group undertakings etc.
- 
12,231 
12,352 
36,057 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
24,607 
20,700 
Taxes and social security
12,128 
3,477 
Other creditors
110,135 
49,810 
Loans from directors
20,112 
1,340 
Accruals
2,034 
1,074 
169,016 
76,401 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,632 
31,768 
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).
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