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REGISTERED NUMBER: 04809326 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

UTOPIA KITCHENS LTD

UTOPIA KITCHENS LTD (REGISTERED NUMBER: 04809326)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UTOPIA KITCHENS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: R Woodason





SECRETARY: Mrs M Styles





REGISTERED OFFICE: 118B, Oxford Road
Reading
Berkshire
RG1 7NG





REGISTERED NUMBER: 04809326 (England and Wales)





ACCOUNTANTS: Loman Holbrooke O'Neill Ltd
118B Oxford Road
Reading
Berkshire
RG1 7NG

UTOPIA KITCHENS LTD (REGISTERED NUMBER: 04809326)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,251 32,403
Investments 5 286,920 286,920
339,171 319,323

CURRENT ASSETS
Stocks 29,136 34,386
Debtors 6 3,444 45,549
Cash at bank 765,316 979,203
797,896 1,059,138
CREDITORS
Amounts falling due within one year 7 94,153 213,837
NET CURRENT ASSETS 703,743 845,301
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,042,914

1,164,624

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,042,911 1,164,621
SHAREHOLDERS' FUNDS 1,042,914 1,164,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 April 2025 and were signed by:




R Woodason - Director


UTOPIA KITCHENS LTD (REGISTERED NUMBER: 04809326)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Utopia Kitchens Ltd 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.

2. ACCOUNTING POLICIES

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

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 & equipment25%Reducing balance basis
Fixtures & fittings25%Reducing balance basis
Computer equipment25%Reducing balance basis
Motor vehicles25%Reducing balance basis


Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

UTOPIA KITCHENS LTD (REGISTERED NUMBER: 04809326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 88,330
Additions 37,266
At 30 June 2024 125,596
DEPRECIATION
At 1 July 2023 55,927
Charge for year 17,418
At 30 June 2024 73,345
NET BOOK VALUE
At 30 June 2024 52,251
At 30 June 2023 32,403

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 16,920 16,920
Other loans 270,000 270,000
286,920 286,920

Additional information is as follows:
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 16,920
NET BOOK VALUE
At 30 June 2024 16,920
At 30 June 2023 16,920
Other
loans
£   
At 1 July 2023
and 30 June 2024 270,000

UTOPIA KITCHENS LTD (REGISTERED NUMBER: 04809326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 244 44,849
Other debtors 3,200 700
3,444 45,549

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 27,032 29,050
Taxation and social security (11,349 ) 104,926
Other creditors 78,470 79,861
94,153 213,837