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REGISTERED NUMBER: 01478361 (England and Wales)

























Financial Statements

for the Year Ended 30 April 2024

for

Hobsons Choice (Kitchen Design) Ltd

Hobsons Choice (Kitchen Design) Ltd (Registered number: 01478361)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Operating and Financial Review 2

Balance Sheet 3

Notes to the Financial Statements 5


Hobsons Choice (Kitchen Design) Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: R C Carter





SECRETARY: Mrs H M G Carter





REGISTERED OFFICE: Gloucester House
County Park
Shrivenham Road
Swindon
Wiltshire
SN1 2NR





REGISTERED NUMBER: 01478361 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Hobsons Choice (Kitchen Design) Ltd (Registered number: 01478361)

Operating and Financial Review
for the Year Ended 30 April 2024

Design, supply, install kitchens

Hobsons Choice (Kitchen Design) Ltd (Registered number: 01478361)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 89,360 118,941
89,360 118,941

CURRENT ASSETS
Stocks 847,452 797,522
Debtors 6 300,513 552,961
Cash at bank and in hand 438,574 425,553
1,586,539 1,776,036
CREDITORS
Amounts falling due within one year 7 1,096,826 1,272,515
NET CURRENT ASSETS 489,713 503,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

579,073

622,462

CREDITORS
Amounts falling due after more than one
year

8

(80,743

)

(165,995

)

PROVISIONS FOR LIABILITIES (22,340 ) (26,743 )
NET ASSETS 475,990 429,724

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 474,990 428,724
SHAREHOLDERS' FUNDS 475,990 429,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Hobsons Choice (Kitchen Design) Ltd (Registered number: 01478361)

Balance Sheet - continued
30 April 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 23 January 2025 and were signed by:





R C Carter - Director


Hobsons Choice (Kitchen Design) Ltd (Registered number: 01478361)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Hobsons Choice (Kitchen Design) Ltd 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.

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 2014, is being amortised over 3 years commencing in the 2016 accounts.

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.
Land and buildings - at varying rates on cost
Plant and machinery etc - 25% on cost, 25% on reducing balance and 20% on cost

Stocks
Stock has been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage manufacture or completion.

Taxation
Taxation for the year 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.

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.


Hobsons Choice (Kitchen Design) Ltd (Registered number: 01478361)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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 year 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.

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 20 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 127,852
AMORTISATION
At 1 May 2023
and 30 April 2024 127,852
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Hobsons Choice (Kitchen Design) Ltd (Registered number: 01478361)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Furniture,
fixtures
Leasehold Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 May 2023 17,864 53,775 79,001
Additions - - -
At 30 April 2024 17,864 53,775 79,001
DEPRECIATION
At 1 May 2023 5,896 33,248 59,606
Charge for year - 4,105 3,877
At 30 April 2024 5,896 37,353 63,483
NET BOOK VALUE
At 30 April 2024 11,968 16,422 15,518
At 30 April 2023 11,968 20,527 19,395

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 100,867 146,408 397,915
Additions - 1,780 1,780
At 30 April 2024 100,867 148,188 399,695
DEPRECIATION
At 1 May 2023 57,861 122,363 278,974
Charge for year 18,318 5,061 31,361
At 30 April 2024 76,179 127,424 310,335
NET BOOK VALUE
At 30 April 2024 24,688 20,764 89,360
At 30 April 2023 43,006 24,045 118,941

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 40,186 297,485
Other debtors 260,327 255,476
300,513 552,961

Hobsons Choice (Kitchen Design) Ltd (Registered number: 01478361)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 815,057 1,000,520
Other creditors 281,769 271,995
1,096,826 1,272,515

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 80,743 165,995

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Hobsons Holdings Ltd.