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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
Page
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Barnet Kitchens Ltd. Company Information for the year ended 31 October 2024
Director
B Alborzi
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
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Barnet Kitchens Ltd. Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
57,177 
41,806 
Current assets
Inventories
136,125 
93,225 
Debtors
402,316 
379,557 
Cash at bank and in hand
19,848 
159,639 
558,289 
632,421 
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 
Capital and reserves
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
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Barnet Kitchens Ltd. Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Foreign exchange
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.
Pension costs
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.
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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 
Depreciation
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 
Net book value
At 31 October 2024
53,835 
- 
3,342 
57,177 
At 31 October 2023
37,167 
- 
4,639 
41,806 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
136,125 
93,225 
136,125 
93,225 
6
Debtors
2024 
2023 
£ 
£ 
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 
402,316 
379,557 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
55,439 
87,099 
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 
Accruals
2,925 
2,925 
160,228 
157,523 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,953 
24,841 
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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).
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