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REGISTERED NUMBER: 07343062 (England and Wales)















OVEN WIZARDS (KENT) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






OVEN WIZARDS (KENT) LIMITED (REGISTERED NUMBER: 07343062)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OVEN WIZARDS (KENT) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr J E Booker





REGISTERED OFFICE: King Arthurs Court
Maidstone Road
Charing
Ashford
Kent
TN27 0JS





REGISTERED NUMBER: 07343062 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur's Court
Maidstone Road
Charing
Kent
TN27 0JS

OVEN WIZARDS (KENT) LIMITED (REGISTERED NUMBER: 07343062)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 25,982 3,757
25,982 3,757

CURRENT ASSETS
Cash at bank 26,194 31,194

CREDITORS
Amounts falling due within one year 6 (15,540 ) (16,504 )
NET CURRENT ASSETS 10,654 14,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,636

18,447

CREDITORS
Amounts falling due after more than one year 7 (44,232 ) (14,921 )
NET (LIABILITIES)/ASSETS (7,596 ) 3,526

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 (7,696 ) 3,426
SHAREHOLDERS' FUNDS (7,596 ) 3,526

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

OVEN WIZARDS (KENT) LIMITED (REGISTERED NUMBER: 07343062)

BALANCE SHEET - continued
31 AUGUST 2024


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 6 May 2025 and were signed by:





Mr J E Booker - Director


OVEN WIZARDS (KENT) LIMITED (REGISTERED NUMBER: 07343062)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Oven Wizards (Kent) Limited 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.

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.

Franchise fee are being amortised evenly over their estimated useful life of nil years.

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 - 25% on reducing balance
Fixture & Fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

OVEN WIZARDS (KENT) LIMITED (REGISTERED NUMBER: 07343062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. INTANGIBLE FIXED ASSETS
Franchise
fee
£   
COST
At 1 September 2023
and 31 August 2024 1,704
AMORTISATION
At 1 September 2023
and 31 August 2024 1,704
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Fixture & Motor Computer
machinery Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 958 350 22,052 880 24,240
Additions - - 33,015 - 33,015
Disposals - - (11,981 ) - (11,981 )
At 31 August 2024 958 350 43,086 880 45,274
DEPRECIATION
At 1 September 2023 939 88 18,576 880 20,483
Charge for year 4 65 8,590 - 8,659
Eliminated on disposal - - (9,850 ) - (9,850 )
At 31 August 2024 943 153 17,316 880 19,292
NET BOOK VALUE
At 31 August 2024 15 197 25,770 - 25,982
At 31 August 2023 19 262 3,476 - 3,757

OVEN WIZARDS (KENT) LIMITED (REGISTERED NUMBER: 07343062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,315 5,696
Other Loans - under 1 year 3,920 3,532
Hire purchase contracts 5,557 -
Corporation Tax 140 854
Social security and other taxes 1,090 793
Sundry creditors 563 69
Directors' current accounts 725 5,395
Accrued expenses 230 165
15,540 16,504

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other Loans - over 1 year 12,594 14,921
Hire purchase contracts 31,638 -
44,232 14,921

8. RESERVES
Retained
earnings
£   

At 1 September 2023 3,426
Deficit for the year (11,122 )
At 31 August 2024 (7,696 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J E Booker.