Custom Made Kitchens Limited 2527863 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is kitchen manufacture Digita Accounts Production Advanced 6.30.9574.0 true true 2527863 2023-09-01 2024-08-31 2527863 2024-08-31 2527863 core:RetainedEarningsAccumulatedLosses 2024-08-31 2527863 core:ShareCapital 2024-08-31 2527863 core:CurrentFinancialInstruments 2024-08-31 2527863 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 2527863 core:Goodwill 2024-08-31 2527863 core:FurnitureFittings 2024-08-31 2527863 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 2527863 core:MotorVehicles 2024-08-31 2527863 core:OfficeEquipment 2024-08-31 2527863 core:PlantMachinery 2024-08-31 2527863 bus:SmallEntities 2023-09-01 2024-08-31 2527863 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 2527863 bus:FilletedAccounts 2023-09-01 2024-08-31 2527863 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 2527863 bus:Director1 2023-09-01 2024-08-31 2527863 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 2527863 core:Goodwill 2023-09-01 2024-08-31 2527863 core:FurnitureFittings 2023-09-01 2024-08-31 2527863 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 2527863 core:LandBuildings 2023-09-01 2024-08-31 2527863 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 2527863 core:MotorVehicles 2023-09-01 2024-08-31 2527863 core:OfficeEquipment 2023-09-01 2024-08-31 2527863 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 2527863 core:PlantMachinery 2023-09-01 2024-08-31 2527863 core:Vehicles 2023-09-01 2024-08-31 2527863 countries:AllCountries 2023-09-01 2024-08-31 2527863 2023-08-31 2527863 core:Goodwill 2023-08-31 2527863 core:FurnitureFittings 2023-08-31 2527863 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 2527863 core:MotorVehicles 2023-08-31 2527863 core:OfficeEquipment 2023-08-31 2527863 core:PlantMachinery 2023-08-31 2527863 2022-09-01 2023-08-31 2527863 2023-08-31 2527863 core:RetainedEarningsAccumulatedLosses 2023-08-31 2527863 core:ShareCapital 2023-08-31 2527863 core:CurrentFinancialInstruments 2023-08-31 2527863 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 2527863 core:Goodwill 2023-08-31 2527863 core:FurnitureFittings 2023-08-31 2527863 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 2527863 core:MotorVehicles 2023-08-31 2527863 core:OfficeEquipment 2023-08-31 2527863 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 2527863

Custom Made Kitchens Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Custom Made Kitchens Limited

(Registration number: 2527863)

Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

3

-

-

Tangible assets

4

440,166

927,345

 

440,166

927,345

Current assets

 

Stocks

181,429

183,930

Debtors

5

803,781

1,044,398

Cash at bank and in hand

 

449,842

4,548,369

 

1,435,052

5,776,697

Creditors: Amounts falling due within one year

6

(598,103)

(686,877)

Net current assets

 

836,949

5,089,820

Total assets less current liabilities

 

1,277,115

6,017,165

Provisions for liabilities

(98,916)

(111,059)

Net assets

 

1,178,199

5,906,106

Capital and reserves

 

Called up share capital

800

800

Retained earnings

1,177,399

5,905,306

Shareholders' funds

 

1,178,199

5,906,106

For the financial year ending 31 August 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

 

Custom Made Kitchens Limited

(Registration number: 2527863)

Balance Sheet as at 31 August 2024 (continued)

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 24 April 2025 and signed on its behalf by:
 

.........................................

Paul Turner

Director

 

Custom Made Kitchens Limited

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

1

Accounting policies

Statutory information

Custom Made Kitchens Limited is a private company, limited by shares, domiciled in England and Wales, company number 2527863. The registered office is at Coulman Road Industrial Estate, Thorne, , Doncaster, DN8 5JU.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Custom Made Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

1

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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

Freehold property

2% straight line

Plant and machinery

15% straight line

Fittings, fixtures and equipment

25% reducing balance

Motor vehicles

25% reducing balance

Solar panels

5% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

 

Custom Made Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

1

Accounting policies (continued)

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 47 (2023 - 47).

3

Intangible assets

Goodwill
 £

Total
£

Cost

At 1 September 2023

10,000

10,000

At 31 August 2024

10,000

10,000

Amortisation

At 1 September 2023

10,000

10,000

At 31 August 2024

10,000

10,000

Carrying amount

At 31 August 2024

-

-

At 31 August 2023

-

-

 

Custom Made Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4

Tangible assets

Freehold property
£

Fixtures, fittings and equipment
£

Plant and machinery
£

Solar panels
£

Motor vehicles
 £

Total
£

Cost

At 1 September 2023

514,011

59,580

2,359,816

150,802

240,067

3,324,276

Additions

-

8,173

2,276

101,664

-

112,113

Disposals

(514,011)

(858)

(434,783)

-

-

(949,652)

At 31 August 2024

-

66,895

1,927,309

252,466

240,067

2,486,737

Depreciation

At 1 September 2023

82,240

44,505

2,037,729

67,861

164,596

2,396,931

Charge for the year

20,232

5,597

127,824

12,623

20,619

186,895

Eliminated on disposal

(102,472)

-

(434,783)

-

-

(537,255)

At 31 August 2024

-

50,102

1,730,770

80,484

185,215

2,046,571

Carrying amount

At 31 August 2024

-

16,793

196,539

171,982

54,852

440,166

At 31 August 2023

431,771

15,075

322,087

82,941

75,471

927,345

 

Custom Made Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

5

Debtors

2024
£

2023
£

Trade debtors

793,181

708,856

Prepayments

8,894

-

Other debtors

1,706

335,542

 

803,781

1,044,398

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Loans and borrowings

-

1,131

Trade creditors

219,041

254,774

Amounts owed to group undertakings and undertakings in which the company has a participating interest

119,291

-

Taxation and social security

256,815

382,878

Accruals and deferred income

3,500

-

Other creditors

(544)

48,094

598,103

686,877