Company Registration No. 08747220 (England and Wales)
Barnet Kitchens Ltd.
Unaudited accounts
for the year ended 31 October 2024
Barnet Kitchens Ltd.
Unaudited accounts
Contents
Barnet Kitchens Ltd.
Company Information
for the year ended 31 October 2024
Company Number
08747220 (England and Wales)
Registered Office
Unit A Crompton House
17 High Street
Barnet
Hertfordshire
EN5 5UJ
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Barnet Kitchens Ltd.
Statement of financial position
as at 31 October 2024
Tangible assets
57,177
41,806
Inventories
136,125
93,225
Cash at bank and in hand
19,848
159,639
Creditors: amounts falling due within one year
(160,228)
(157,523)
Net current assets
398,061
474,898
Total assets less current liabilities
455,238
516,704
Creditors: amounts falling due after more than one year
(14,953)
(24,841)
Net assets
440,285
491,863
Called up share capital
1
1
Profit and loss account
440,284
491,862
Shareholders' funds
440,285
491,863
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 director acknowledges his 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 and authorised for issue on 19 May 2025 and were signed on its behalf by
B Alborzi
Director
Company Registration No. 08747220
Barnet Kitchens Ltd.
Notes to the Accounts
for the year ended 31 October 2024
Barnet Kitchens Ltd. is a private company, limited by shares, registered in England and Wales, registration number 08747220. The registered office is Unit A Crompton House, 17 High Street, Barnet, Hertfordshire, EN5 5UJ.
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:
Land & buildings
over the period of the lease
Plant & machinery
25% on cost
Computer equipment
25% on cost
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Barnet Kitchens Ltd.
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
111,509
28,532
13,355
153,396
Additions
32,136
-
-
32,136
At 31 October 2024
143,645
28,532
13,355
185,532
At 1 November 2023
74,342
28,532
8,716
111,590
Charge for the year
15,468
-
1,297
16,765
At 31 October 2024
89,810
28,532
10,013
128,355
At 31 October 2024
53,835
-
3,342
57,177
At 31 October 2023
37,167
-
4,639
41,806
Finished goods
136,125
93,225
Amounts falling due within one year
Trade debtors
222,941
182,010
Accrued income and prepayments
19,812
11,647
Other debtors
159,563
185,900
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
72,144
38,693
Taxes and social security
18,062
16,081
Other creditors
1,658
1,652
Loans from directors
-
1,073
8
Creditors: amounts falling due after more than one year
2024
2023
Barnet Kitchens Ltd.
Notes to the Accounts
for the year ended 31 October 2024
9
Average number of employees
During the year the average number of employees was 11 (2023: 11).