Cleveland Kitchens (Nw) Limited 14384025 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is Manufacture Of Kitchen Furniture Digita Accounts Production Advanced 6.30.9574.0 true true 14384025 2023-08-01 2024-07-31 14384025 2024-07-31 14384025 bus:OrdinaryShareClass1 2024-07-31 14384025 core:CurrentFinancialInstruments 2024-07-31 14384025 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 14384025 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 14384025 core:PlantMachinery 2024-07-31 14384025 bus:SmallEntities 2023-08-01 2024-07-31 14384025 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 14384025 bus:FilletedAccounts 2023-08-01 2024-07-31 14384025 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 14384025 bus:RegisteredOffice 2023-08-01 2024-07-31 14384025 bus:Director2 2023-08-01 2024-07-31 14384025 bus:Director3 2023-08-01 2024-07-31 14384025 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 14384025 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14384025 core:PlantMachinery 2023-08-01 2024-07-31 14384025 countries:AllCountries 2023-08-01 2024-07-31 14384025 2022-08-01 2023-07-31 14384025 2023-07-31 14384025 bus:OrdinaryShareClass1 2023-07-31 14384025 core:CurrentFinancialInstruments 2023-07-31 14384025 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 14384025 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14384025

Cleveland Kitchens (Nw) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Cleveland Kitchens (Nw) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Cleveland Kitchens (Nw) Limited

Company Information

Directors

Mrs E Brooks

Mrs Y Coventry

Registered office

Unit 1D
Yardley Road
Knowsley Industrial Park
Liverpool
Merseyside
L33 7SS

Accountants

Williamson Croft (Liverpool) Ltd
Chartered Certified Accountants
1 Old Hall Street
1st Floor
Liverpool
L3 9HF

 

Cleveland Kitchens (Nw) Limited

(Registration number: 14384025)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

80,150

-

Current assets

 

Stocks

5

80,000

-

Debtors

6

103,019

3

Cash at bank and in hand

 

65,621

-

 

248,640

3

Creditors: Amounts falling due within one year

7

(296,104)

-

Net current (liabilities)/assets

 

(47,464)

3

Total assets less current liabilities

 

32,686

3

Creditors: Amounts falling due after more than one year

7

(47,483)

-

Net (liabilities)/assets

 

(14,797)

3

Capital and reserves

 

Called up share capital

8

3

3

Retained earnings

(14,800)

-

Shareholders' (deficit)/funds

 

(14,797)

3

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 April 2025 and signed on its behalf by:
 

 

Cleveland Kitchens (Nw) Limited

(Registration number: 14384025)
Balance Sheet as at 31 July 2024

.........................................
Mrs Y Coventry
Director

 

Cleveland Kitchens (Nw) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
Unit 1D
Yardley Road
Knowsley Industrial Park
Liverpool
Merseyside
L33 7SS

These financial statements were authorised for issue by the Board on 23 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

Cleveland Kitchens (Nw) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

25% on a reducing balance basis

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

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.

 

Cleveland Kitchens (Nw) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 3).

 

Cleveland Kitchens (Nw) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

Additions

93,284

93,284

At 31 July 2024

93,284

93,284

Depreciation

Charge for the year

13,134

13,134

At 31 July 2024

13,134

13,134

Carrying amount

At 31 July 2024

80,150

80,150

5

Stocks

2024
£

2023
£

Other inventories

80,000

-

6

Debtors

Current

2024
£

2023
£

Trade debtors

103,019

-

Other debtors

-

3

 

103,019

3

 

Cleveland Kitchens (Nw) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

23,741

-

Trade creditors

 

95,602

-

Taxation and social security

 

46,946

-

Accruals and deferred income

 

9,370

-

Other creditors

 

120,445

-

 

296,104

-

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

47,483

-


Included within loan and borrowings less than one year is £23,741 and loan and borrowings greater than one year is £47,483. This relates to hire purchase agreements which are secured by a fixed charge over the assets to which they relate.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

3

3

3

3