IRIS Accounts Production v24.3.2.46 13668090 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh136680902023-03-31136680902024-03-31136680902023-04-012024-03-31136680902022-03-31136680902022-04-012023-03-31136680902023-03-3113668090ns15:EnglandWales2023-04-012024-03-3113668090ns14:PoundSterling2023-04-012024-03-3113668090ns10:Director12023-04-012024-03-3113668090ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113668090ns10:SmallEntities2023-04-012024-03-3113668090ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113668090ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113668090ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113668090ns10:FullAccounts2023-04-012024-03-3113668090ns10:OrdinaryShareClass12023-04-012024-03-3113668090ns10:Director22023-04-012024-03-3113668090ns10:RegisteredOffice2023-04-012024-03-3113668090ns5:CurrentFinancialInstruments2024-03-3113668090ns5:CurrentFinancialInstruments2023-03-3113668090ns5:Non-currentFinancialInstruments2024-03-3113668090ns5:Non-currentFinancialInstruments2023-03-3113668090ns5:ShareCapital2024-03-3113668090ns5:ShareCapital2023-03-3113668090ns5:RetainedEarningsAccumulatedLosses2024-03-3113668090ns5:RetainedEarningsAccumulatedLosses2023-03-3113668090ns5:PlantMachinery2023-04-012024-03-3113668090ns5:FurnitureFittings2023-04-012024-03-3113668090ns5:MotorVehicles2023-04-012024-03-3113668090ns5:PlantMachinery2023-03-3113668090ns5:FurnitureFittings2023-03-3113668090ns5:MotorVehicles2023-03-3113668090ns5:PlantMachinery2024-03-3113668090ns5:FurnitureFittings2024-03-3113668090ns5:MotorVehicles2024-03-3113668090ns5:PlantMachinery2023-03-3113668090ns5:FurnitureFittings2023-03-3113668090ns5:MotorVehicles2023-03-3113668090ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3113668090ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3113668090ns10:OrdinaryShareClass12024-03-3113668090ns10:Director222023-03-3113668090ns10:Director222022-03-3113668090ns10:Director222023-04-012024-03-3113668090ns10:Director222022-04-012023-03-3113668090ns10:Director222024-03-3113668090ns10:Director222023-03-31
REGISTERED NUMBER: 13668090 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

KELLY'S CAKE KITCHEN LIMITED

KELLY'S CAKE KITCHEN LIMITED (REGISTERED NUMBER: 13668090)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KELLY'S CAKE KITCHEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr Joan David Da Silva Fernandes
Mrs Kelly Marie Da Silva Fernandes





REGISTERED OFFICE: 3 Pipit Close
Royston
England
SG8 7XY





BUSINESS ADDRESS: 3 Pipit Close
Royston
Hertfordshire
SG8 7XY





REGISTERED NUMBER: 13668090 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

KELLY'S CAKE KITCHEN LIMITED (REGISTERED NUMBER: 13668090)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 23,295 8,160

CURRENT ASSETS
Debtors 6 17,567 5,510
Cash at bank 893 1,042
18,460 6,552
CREDITORS
Amounts falling due within one year 7 (12,548 ) (11,167 )
NET CURRENT ASSETS/(LIABILITIES) 5,912 (4,615 )
TOTAL ASSETS LESS CURRENT LIABILITIES 29,207 3,545

CREDITORS
Amounts falling due after more than one
year

8

(25,363

)

(8,099

)
NET ASSETS/(LIABILITIES) 3,844 (4,554 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 3,744 (4,654 )
SHAREHOLDERS' FUNDS 3,844 (4,554 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KELLY'S CAKE KITCHEN LIMITED (REGISTERED NUMBER: 13668090)

BALANCE SHEET - continued
31 MARCH 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





Mr Joan David Da Silva Fernandes - Director


KELLY'S CAKE KITCHEN LIMITED (REGISTERED NUMBER: 13668090)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Kelly's Cake Kitchen Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales in respect of cakes & confectionery, excluding value added tax.

Foreign currency transactions and balances
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

KELLY'S CAKE KITCHEN LIMITED (REGISTERED NUMBER: 13668090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

KELLY'S CAKE KITCHEN LIMITED (REGISTERED NUMBER: 13668090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 9,600 - - 9,600
Additions 4,595 2,837 9,750 17,182
At 31 March 2024 14,195 2,837 9,750 26,782
DEPRECIATION
At 1 April 2023 1,440 - - 1,440
Charge for year 1,447 112 488 2,047
At 31 March 2024 2,887 112 488 3,487
NET BOOK VALUE
At 31 March 2024 11,308 2,725 9,262 23,295
At 31 March 2023 8,160 - - 8,160

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 17,567 5,510

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,567 -
Taxation and social security 263 -
Other creditors 7,718 11,167
12,548 11,167

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 25,363 8,099

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

KELLY'S CAKE KITCHEN LIMITED (REGISTERED NUMBER: 13668090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. OTHER FINANCIAL COMMITMENTS

In April 2020 the company entered into a rental lease agreement for a total amount of £59,500. The length of the lease is seven years.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs Kelly Marie Da Silva Fernandes
Balance outstanding at start of year (10,089 ) -
Amounts advanced 38,620 -
Amounts repaid (16,631 ) (10,089 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,900 (10,089 )