Kitchenmaster Hygiene Group Limited
Filleted Unaudited Financial Statements
31 August 2024
Company Registration Number: NI685357
Kitchenmaster Hygiene Group Limited
Statement of Financial Position
31 August 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 2,085,200 2,085,200
Current assets
Debtors 4 433,338 277,150
Cash at bank and in hand 1,837 76
435,175 277,226
Creditors: amounts falling due within one year 5 (536,466) (154,965)
Net current (liabilities)/assets (101,291) 122,261
Total assets less current liabilities 1,983,909 2,207,461
Creditors: amounts falling due after more than one year 6 (1,252,230) (1,343,750)
Net assets 731,679 863,711
Capital and reserves
Called up share capital 453,125 453,125
Profit and loss account 278,554 410,586
Shareholders' funds 731,679 863,711
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
Directors' responsibilities:
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements were approved by the board of directors and authorised for issue on 27 May 2025, and are signed on behalf of the board by:
Mr D J Roche
Director
Company registration number: NI685357
Kitchenmaster Hygiene Group Limited
Notes to the Financial Statements
Year ended 31 August 2024
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
The company is exempt from the obligation to prepare and deliver group accounts.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Investments
Investments in subsidiary undertakings
£
Cost
At 1 September 2023 2,085,200
At 31 August 2024 2,085,200
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 433,338 277,150
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 204,400 62,500
Amounts owed to group undertakings and undertakings in which the company has a participating interest 332,066 92,465
536,466 154,965
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,252,230 1,343,750
7 Security
Bank of Ireland hold fixed and floating charges over the property or undertaking of the company.
8 Related party transactions
Kitchenmaster (N.I.) Limited
Kitchenmaster (N.I.) Limited is a wholly owned subsidiary of Kitchenmaster (Holdings) Limited, which in turn is a wholly owned subsidiary of Kitchenmaster Group Limited, which in turn is a wholly owned subsidiary of Kitchenmaster Hygiene Group Limited.
At the balance sheet date Kitchenmaster Hygiene Group Limited owed Kitchenmaster (N.I.) Limited a total of £326,915 (2023: £87,314).
Kitchenmaster Group Limited
Kitchenmaster Group Limited is a wholly owned subsidiary of Kitchenmaster Hygiene Group Limited.
At the balance sheet date Kitchenmaster Group Limited owed Kitchenmaster Hygiene Group Limited a total of £433,338 (2023: £277,150).
Kitchenmaster Detergents & Disinfectants Trading LLC
Kitchenmaster Detergents & Disinfectants Trading LLC and Kitchenmaster Hygiene Group Limited are under common control.
At the balance sheet date Kitchenmaster Hygiene Group Limited owed Kitchenmaster Detergents & Disinfectants LLC a total of £5,151 (2023: £5,151).
9 Controlling party
The ultimate controlling party of Kitchenmaster Hygiene Group Limited is deemed to be Mr Colin Stanley by virtue of his 39% shareholding and directorship of Kitchenmaster Hygiene Group Limited.
10 Other information
Kitchenmaster Hygiene Group Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
11 Comber Road
Carryduff
Belfast
United Kingdom
BT8 8AN
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