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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
Page
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Kitchens North East Limited Company Information for the year ended 31 December 2024
Director
Neil O'Boyle
Company Number
12370471 (England and Wales)
Registered Office
Kenmar House Haggs Lane Gateshead Tyne and Wear NE11 0EY England
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Kitchens North East Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
4,620 
Tangible assets
81,491 
41,049 
81,491 
45,669 
Current assets
Inventories
17,111 
80,530 
Debtors
95,887 
113,565 
Cash at bank and in hand
18,066 
36,816 
131,064 
230,911 
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)
Net assets
87,092 
126,179 
Capital and reserves
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
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Kitchens North East Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
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
15% reducing balance
Motor vehicles
15% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
23,100 
At 31 December 2024
23,100 
Amortisation
At 1 January 2024
18,480 
Charge for the year
4,620 
At 31 December 2024
23,100 
Net book value
At 31 December 2024
- 
At 31 December 2023
4,620 
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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 
Depreciation
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 
Net book value
At 31 December 2024
859 
73,946 
6,686 
- 
81,491 
At 31 December 2023
1,011 
32,172 
7,866 
- 
41,049 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,997 
55,465 
Accrued income and prepayments
49,800 
58,100 
Other debtors
37,090 
- 
95,887 
113,565 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
26,142 
15,510 
VAT
9,793 
6,486 
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 
Accruals
4,511 
18,611 
Deferred income
4,808 
4,808 
90,185 
118,922 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,821 
15,808 
Obligations under finance leases and hire purchase contracts
29,457 
15,671 
35,278 
31,479 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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