Company Registration No. 12370471 (England and Wales)
Kitchens North East Limited
Unaudited accounts
for the year ended 31 December 2024
Kitchens North East Limited
Unaudited accounts
Contents
Kitchens North East Limited
Company Information
for the year ended 31 December 2024
Company Number
12370471 (England and Wales)
Registered Office
Kenmar House
Haggs Lane
Gateshead
Tyne and Wear
NE11 0EY
England
Kitchens North East Limited
Statement of financial position
as at 31 December 2024
Tangible assets
81,491
41,049
Cash at bank and in hand
18,066
36,816
Creditors: amounts falling due within one year
(90,185)
(118,922)
Net current assets
40,879
111,989
Total assets less current liabilities
122,370
157,658
Creditors: amounts falling due after more than one year
(35,278)
(31,479)
Called up share capital
100
100
Profit and loss account
86,992
126,079
Shareholders' funds
87,092
126,179
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 24 February 2025 and were signed on its behalf by
Neil O'Boyle
Director
Company Registration No. 12370471
Kitchens North East Limited
Notes to the Accounts
for the year ended 31 December 2024
Kitchens North East Limited is a private company, limited by shares, registered in England and Wales, registration number 12370471. The registered office is Kenmar House, Haggs Lane, Gateshead, Tyne and Wear, NE11 0EY, England.
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
15% reducing balance
Motor vehicles
15% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 December 2024
23,100
At 31 December 2024
23,100
Kitchens North East Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
1,936
55,117
14,235
3,770
75,058
Additions
-
47,858
-
-
47,858
At 31 December 2024
1,936
102,975
14,235
3,770
122,916
At 1 January 2024
925
22,945
6,369
3,770
34,009
Charge for the year
152
6,084
1,180
-
7,416
At 31 December 2024
1,077
29,029
7,549
3,770
41,425
At 31 December 2024
859
73,946
6,686
-
81,491
At 31 December 2023
1,011
32,172
7,866
-
41,049
Amounts falling due within one year
Trade debtors
8,997
55,465
Accrued income and prepayments
49,800
58,100
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
26,142
15,510
Obligations under finance leases and hire purchase contracts
27,989
18,032
Trade creditors
5,225
29,920
Taxes and social security
3,433
6,147
Other creditors
3,935
15,240
Loans from directors
4,349
4,168
Deferred income
4,808
4,808
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
29,457
15,671
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Average number of employees
During the year the average number of employees was 0 (2023: 0).