Registered number
12259407
KITCHEN STORIES LTD
Filleted Accounts
31 August 2024
KITCHEN STORIES LTD
Registered number: 12259407
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,393 658
Current assets
Cash at bank and in hand 25,227 23,537
Creditors: amounts falling due within one year 4 (25,106) (22,802)
Net current assets 121 735
Total assets less current liabilities 1,514 1,393
Creditors: amounts falling due after more than one year 5 (603) (752)
Net assets 911 641
Capital and reserves
Called up share capital 100 100
Profit and loss account 811 541
Shareholder's funds 911 641
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ramazan SARI
Director
Approved by the board on 12 February 2025
KITCHEN STORIES LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, excluding in the year of acquisition, at rates calculated to write off the cost, less estimated residual value, @ 18% per annum (reducing balance).
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Corporation tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 September 2023 1,194
Additions 1,004
At 31 August 2024 2,198
Depreciation
At 1 September 2023 536
Charge for the year 269
At 31 August 2024 805
Net book value
At 31 August 2024 1,393
At 31 August 2023 658
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,848 948
Taxation and social security costs 1,918 3,914
Other creditors 21,340 17,940
25,106 22,802
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 603 752
6 Other information
KITCHEN STORIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
C/o- Unit 4 , Kinetica
13 Ramsgate Street
London
E8 2FD
KITCHEN STORIES LTD 12259407 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts April 2024 Ramazan SARI No description of principal activity 12259407 2022-09-01 2023-08-31 12259407 core:WithinOneYear 2023-08-31 12259407 core:AfterOneYear 2023-08-31 12259407 core:ShareCapital 2023-08-31 12259407 core:RetainedEarningsAccumulatedLosses 2023-08-31 12259407 2023-09-01 2024-08-31 12259407 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12259407 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12259407 bus:Director40 2023-09-01 2024-08-31 12259407 1 2023-09-01 2024-08-31 12259407 2 2023-09-01 2024-08-31 12259407 core:PlantMachinery 2023-09-01 2024-08-31 12259407 countries:England 2023-09-01 2024-08-31 12259407 bus:FRS102 2023-09-01 2024-08-31 12259407 bus:FilletedAccounts 2023-09-01 2024-08-31 12259407 2024-08-31 12259407 core:WithinOneYear 2024-08-31 12259407 core:AfterOneYear 2024-08-31 12259407 core:ShareCapital 2024-08-31 12259407 core:RetainedEarningsAccumulatedLosses 2024-08-31 12259407 core:PlantMachinery 2024-08-31 12259407 2023-08-31 12259407 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure