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REGISTERED NUMBER: 03712633 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PRESTIGE KITCHENS OF STALYBRIDGE LIMITED

PRESTIGE KITCHENS OF STALYBRIDGE LIMITED (REGISTERED NUMBER: 03712633)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRESTIGE KITCHENS OF STALYBRIDGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: P Hobson
R Rahmani





SECRETARY: Mrs A Rahmani





REGISTERED OFFICE: Siren House
10 Waterloo Road
Stalybridge
Cheshire
SK15 2AU





REGISTERED NUMBER: 03712633 (England and Wales)





ACCOUNTANTS: Accountancy Summit Limited
Chartered Accountants
144 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2PW

PRESTIGE KITCHENS OF STALYBRIDGE LIMITED (REGISTERED NUMBER: 03712633)

BALANCE SHEET
31 AUGUST 2024

31/8/24 31/8/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 184,230 186,506

CURRENT ASSETS
Stocks 37,414 40,500
Debtors 5 18,904 3,453
Cash at bank and in hand 17 37,331
56,335 81,284
CREDITORS
Amounts falling due within one year 6 227,148 192,331
NET CURRENT LIABILITIES (170,813 ) (111,047 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,417

75,459

CREDITORS
Amounts falling due after more than one
year

7

45,833

80,833
NET LIABILITIES (32,416 ) (5,374 )

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings (32,518 ) (5,476 )
(32,416 ) (5,374 )

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 directors acknowledge their 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 Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:





R Rahmani - Director


PRESTIGE KITCHENS OF STALYBRIDGE LIMITED (REGISTERED NUMBER: 03712633)

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

1. STATUTORY INFORMATION

Prestige Kitchens Of Stalybridge 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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.

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.

Going concern
Continuation of the company's activities is dependent upon the support of the Directors and bank. These financial statements have been prepared on the basis of this support continuing, and take no account of any adjustments that may be necessary if the company is unable to continue as a going concern.

PRESTIGE KITCHENS OF STALYBRIDGE LIMITED (REGISTERED NUMBER: 03712633)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 258,945 1,135 4,094
Additions 12,093 - -
At 31 August 2024 271,038 1,135 4,094
DEPRECIATION
At 1 September 2023 76,815 918 2,251
Charge for year 13,552 33 275
At 31 August 2024 90,367 951 2,526
NET BOOK VALUE
At 31 August 2024 180,671 184 1,568
At 31 August 2023 182,130 217 1,843

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 14,698 3,193 282,065
Additions - - 12,093
At 31 August 2024 14,698 3,193 294,158
DEPRECIATION
At 1 September 2023 13,401 2,174 95,559
Charge for year 324 185 14,369
At 31 August 2024 13,725 2,359 109,928
NET BOOK VALUE
At 31 August 2024 973 834 184,230
At 31 August 2023 1,297 1,019 186,506

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 6,898 -
Other debtors 12,006 3,453
18,904 3,453

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans and overdrafts 47,789 26,250
Trade creditors 92,118 93,517
Taxation and social security 24,752 52,154
Other creditors 62,489 20,410
227,148 192,331

PRESTIGE KITCHENS OF STALYBRIDGE LIMITED (REGISTERED NUMBER: 03712633)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans 45,833 80,833

8. SECURED DEBTS

The following secured debts are included within creditors:

31/8/24 31/8/23
£    £   
Bank overdraft 21,539 -
Bank loans 72,083 107,083
93,622 107,083

The loans are government backed CBIL loans.