Company Registration No. 13759440 (England and Wales)
Victoria Street Kitchen Limited
Unaudited accounts
for the year ended 31 October 2024
Victoria Street Kitchen Limited
Unaudited accounts
Contents
Victoria Street Kitchen Limited
Company Information
for the year ended 31 October 2024
Directors
Bhupinder Singh
Karpal Kaur
Company Number
13759440 (England and Wales)
Registered Office
10 Foutain Court
Elm House, New Leaze
Bradley Stoke
Bristol
BS32 4LA
Accountants
Evans Entwistle
Office 12a
Equinox South, Great Park Road
Bradley Stoke
Bristol
BS32 4QL
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Victoria Street Kitchen Limited
for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Victoria Street Kitchen Limited for the year ended 31 October 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Office 12a
Equinox South, Great Park Road
Bradley Stoke
Bristol
BS32 4QL
25 April 2025
Victoria Street Kitchen Limited
Statement of financial position
as at 31 October 2024
Intangible assets
223,673
253,832
Tangible assets
9,400
7,718
Cash at bank and in hand
132,102
78,549
Creditors: amounts falling due within one year
(28,363)
(20,319)
Net current assets
114,533
69,129
Total assets less current liabilities
347,606
330,679
Creditors: amounts falling due after more than one year
(24,459)
(30,362)
Provisions for liabilities
Deferred tax
(1,786)
(1,466)
Net assets
321,361
298,851
Called up share capital
8
8
Share premium
303,927
303,927
Profit and loss account
17,426
(5,084)
Shareholders' funds
321,361
298,851
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by
Karpal Kaur
Director
Company Registration No. 13759440
Victoria Street Kitchen Limited
Notes to the Accounts
for the year ended 31 October 2024
Victoria Street Kitchen Limited is a private company, limited by shares, registered in England and Wales, registration number 13759440. The registered office is 10 Foutain Court, Elm House, New Leaze, Bradley Stoke, Bristol, BS32 4LA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Victoria Street Kitchen Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Intangible fixed assets
Goodwill
At 1 November 2023
301,582
At 31 October 2024
301,582
Charge for the year
30,159
At 31 October 2024
223,673
At 31 October 2023
253,832
Intangible assets is goodwill that recognises the value of the fixed assets and working capital acquired is less than the total price paid for the business.
5
Tangible fixed assets
Plant & machinery
Finished goods
3,755
1,250
Amounts falling due within one year
Victoria Street Kitchen Limited
Notes to the Accounts
for the year ended 31 October 2024
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,284
6,493
Taxes and social security
16,774
10,906
9
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
-
588
10
Deferred taxation
2024
2023
Accelerated capital allowances
1,786
1,466
Provision at start of year
1,466
420
Charged to the profit and loss account
320
1,046
Provision at end of year
1,786
1,466
Allotted, called up and fully paid:
8 Ordinary shares of £1 each
8
8
12
Average number of employees
During the year the average number of employees was 7 (2023: 9).