Silverfin false false 30/06/2024 01/07/2023 30/06/2024 G M Keene 09/03/2000 19 March 2025 The principal activity of the Company during the financial year was that of the design and installation of kitchens. 03943159 2024-06-30 03943159 bus:Director1 2024-06-30 03943159 2023-06-30 03943159 core:CurrentFinancialInstruments 2024-06-30 03943159 core:CurrentFinancialInstruments 2023-06-30 03943159 core:ShareCapital 2024-06-30 03943159 core:ShareCapital 2023-06-30 03943159 core:RetainedEarningsAccumulatedLosses 2024-06-30 03943159 core:RetainedEarningsAccumulatedLosses 2023-06-30 03943159 core:PlantMachinery 2023-06-30 03943159 core:Vehicles 2023-06-30 03943159 core:FurnitureFittings 2023-06-30 03943159 core:OfficeEquipment 2023-06-30 03943159 core:PlantMachinery 2024-06-30 03943159 core:Vehicles 2024-06-30 03943159 core:FurnitureFittings 2024-06-30 03943159 core:OfficeEquipment 2024-06-30 03943159 core:ImmediateParent core:CurrentFinancialInstruments 2024-06-30 03943159 core:ImmediateParent core:CurrentFinancialInstruments 2023-06-30 03943159 2023-07-01 2024-06-30 03943159 bus:FilletedAccounts 2023-07-01 2024-06-30 03943159 bus:SmallEntities 2023-07-01 2024-06-30 03943159 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 03943159 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03943159 bus:Director1 2023-07-01 2024-06-30 03943159 core:PlantMachinery 2023-07-01 2024-06-30 03943159 core:Vehicles 2023-07-01 2024-06-30 03943159 core:FurnitureFittings 2023-07-01 2024-06-30 03943159 core:OfficeEquipment 2023-07-01 2024-06-30 03943159 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Company No: 03943159 (England and Wales)

KITCHEN HOUSE LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

KITCHEN HOUSE LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

KITCHEN HOUSE LIMITED

BALANCE SHEET

As at 30 June 2024
KITCHEN HOUSE LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 6,361 8,480
6,361 8,480
Current assets
Stocks 4 12,862 5,000
Debtors 5 183,951 255,635
Cash at bank and in hand 35,372 23,475
232,185 284,110
Creditors: amounts falling due within one year 6 ( 151,582) ( 66,975)
Net current assets 80,603 217,135
Total assets less current liabilities 86,964 225,615
Provision for liabilities ( 1,591) ( 1,612)
Net assets 85,373 224,003
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 84,373 223,003
Total shareholder's funds 85,373 224,003

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Kitchen House Limited (registered number: 03943159) were approved and authorised for issue by the Director on 19 March 2025. They were signed on its behalf by:

G M Keene
Director
KITCHEN HOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
KITCHEN HOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kitchen House Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom and the principal place of business is 116-118 Castle Lane West, Bournemouth, Dorset, BH9 3JU.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of Kitchen House Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 4 4

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 July 2023 23,830 22,545 2,947 4,491 53,813
At 30 June 2024 23,830 22,545 2,947 4,491 53,813
Accumulated depreciation
At 01 July 2023 22,404 18,132 2,015 2,782 45,333
Charge for the financial year 356 1,103 233 427 2,119
At 30 June 2024 22,760 19,235 2,248 3,209 47,452
Net book value
At 30 June 2024 1,070 3,310 699 1,282 6,361
At 30 June 2023 1,426 4,413 932 1,709 8,480

4. Stocks

2024 2023
£ £
Stocks 5,000 5,000
Work in progress 7,862 0
12,862 5,000

5. Debtors

2024 2023
£ £
Trade debtors 9,522 9,432
Amounts owed by Parent undertakings 173,848 243,727
Other debtors 581 2,476
183,951 255,635

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 12,047 11,549
Taxation and social security 78,224 48,858
Other creditors 61,311 6,568
151,582 66,975