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REGISTERED NUMBER: NI070921 (Northern Ireland)











Natural Wood Kitchens Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2024






Natural Wood Kitchens Ltd (Registered number: NI070921)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Natural Wood Kitchens Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: L Hamilton





REGISTERED OFFICE: 8a Tollymore Road
Newcastle
Co. Down
BT33 0JL





REGISTERED NUMBER: NI070921 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

Natural Wood Kitchens Ltd

Report of the Accountants to the Director of
Natural Wood Kitchens Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2024 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


17 April 2025

Natural Wood Kitchens Ltd (Registered number: NI070921)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,000 24,000
Tangible assets 5 30,941 38,677
48,941 62,677

CURRENT ASSETS
Stocks 8,613 9,292
Debtors 6 10,676 19,137
Cash at bank 25,186 38,673
44,475 67,102
CREDITORS
Amounts falling due within one year 7 85,149 102,988
NET CURRENT LIABILITIES (40,674 ) (35,886 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,267

26,791

PROVISIONS FOR LIABILITIES 5,879 7,359
NET ASSETS 2,388 19,432

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 2,385 19,429
SHAREHOLDERS' FUNDS 2,388 19,432

Natural Wood Kitchens Ltd (Registered number: NI070921)

Balance Sheet - continued
31 October 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 17 April 2025 and were signed by:





L Hamilton - Director


Natural Wood Kitchens Ltd (Registered number: NI070921)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

Natural Wood Kitchens Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Natural Wood Kitchens Ltd (Registered number: NI070921)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 120,000
AMORTISATION
At 1 November 2023 96,000
Charge for year 6,000
At 31 October 2024 102,000
NET BOOK VALUE
At 31 October 2024 18,000
At 31 October 2023 24,000

Natural Wood Kitchens Ltd (Registered number: NI070921)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 96,286 3,229 99,515
DEPRECIATION
At 1 November 2023 58,579 2,259 60,838
Charge for year 7,542 194 7,736
At 31 October 2024 66,121 2,453 68,574
NET BOOK VALUE
At 31 October 2024 30,165 776 30,941
At 31 October 2023 37,707 970 38,677

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,176 18,637
Other debtors 500 500
10,676 19,137

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 4,259
Payments on account 26,018 28,118
Trade creditors 18,539 25,534
Taxation and social security 21,752 29,891
Other creditors 18,840 15,186
85,149 102,988