Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-282025-05-222024-03-01falseNo description of principal activity1717falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07157945 2024-03-01 2025-02-28 07157945 2023-03-01 2024-02-29 07157945 2025-02-28 07157945 2024-02-29 07157945 2023-03-01 07157945 c:Director3 2024-03-01 2025-02-28 07157945 d:Buildings d:ShortLeaseholdAssets 2024-03-01 2025-02-28 07157945 d:Buildings d:ShortLeaseholdAssets 2025-02-28 07157945 d:Buildings d:ShortLeaseholdAssets 2024-02-29 07157945 d:PlantMachinery 2024-03-01 2025-02-28 07157945 d:PlantMachinery 2025-02-28 07157945 d:PlantMachinery 2024-02-29 07157945 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 07157945 d:FurnitureFittings 2024-03-01 2025-02-28 07157945 d:FurnitureFittings 2025-02-28 07157945 d:FurnitureFittings 2024-02-29 07157945 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 07157945 d:OfficeEquipment 2024-03-01 2025-02-28 07157945 d:OfficeEquipment 2025-02-28 07157945 d:OfficeEquipment 2024-02-29 07157945 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 07157945 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 07157945 d:CurrentFinancialInstruments 2025-02-28 07157945 d:CurrentFinancialInstruments 2024-02-29 07157945 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 07157945 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07157945 d:ShareCapital 2025-02-28 07157945 d:ShareCapital 2024-02-29 07157945 d:RetainedEarningsAccumulatedLosses 2025-02-28 07157945 d:RetainedEarningsAccumulatedLosses 2024-02-29 07157945 c:OrdinaryShareClass1 2024-03-01 2025-02-28 07157945 c:OrdinaryShareClass1 2025-02-28 07157945 c:OrdinaryShareClass1 2024-02-29 07157945 c:FRS102 2024-03-01 2025-02-28 07157945 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 07157945 c:FullAccounts 2024-03-01 2025-02-28 07157945 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07157945 d:AcceleratedTaxDepreciationDeferredTax 2025-02-28 07157945 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 07157945 2 2024-03-01 2025-02-28 07157945 7 2024-03-01 2025-02-28 07157945 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 07157945














FUDGE KITCHEN LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 28 FEBRUARY 2025

 
FUDGE KITCHEN LTD
REGISTERED NUMBER:07157945

BALANCE SHEET
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note

Fixed assets
  

Tangible assets
 4 
124,132
156,091

 
Current assets
  

Stocks
  
212,597
245,315

Debtors: amounts falling due within one year
 5 
181,888
351,918

Cash at bank and in hand
  
112,518
106,689

  
507,003
703,922

 
Current liabilities
  

Creditors: amounts falling due within one year
 6 
(173,553)
(233,937)

Net current assets
  
 
 
333,450
 
 
469,985

Total assets less current liabilities
  
457,582
626,076

 
Provisions for liabilities
  

Deferred tax
 7 
(27,407)
(31,210)

  
 
 
(27,407)
 
 
(31,210)

Net assets
  
£430,175
£594,866


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
430,174
594,865

  
£430,175
£594,866


Page 1

 
FUDGE KITCHEN LTD
REGISTERED NUMBER:07157945

BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 May 2025.




................................................
Mr R A Parson
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
FUDGE KITCHEN LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

Fudge Kitchen Ltd is a private company, limited by shares, incorporated in England and Wales. 
The registered number of the company is 07157945.
The registered office of the company is Hemsted House, Woodland Road, Lyminge, Folkestone, Kent, CT18 8DL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in UK Sterling pounds (£) and rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
FUDGE KITCHEN LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
FUDGE KITCHEN LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
FUDGE KITCHEN LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10%
Plant and machinery
-
20%
Fixtures and fittings
-
20%
Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

Page 6

 
FUDGE KITCHEN LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2024 - 17).


4.


Tangible fixed assets







Short-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total



Cost or valuation


At 1 March 2024
127,310
147,972
35,767
113,170
424,219


Additions
-
17,836
-
-
17,836


Disposals
-
(9,608)
-
-
(9,608)



At 28 February 2025

127,310
156,200
35,767
113,170
432,447



Depreciation


At 1 March 2024
82,965
102,542
32,463
50,159
268,129


Charge for the year on owned assets
8,098
14,380
1,138
18,304
41,920


Disposals
-
(1,734)
-
-
(1,734)



At 28 February 2025

91,063
115,188
33,601
68,463
308,315



Net book value



At 28 February 2025
£36,247
£41,012
£2,166
£44,707
£124,132



At 29 February 2024
£44,345
£45,430
£3,304
£63,011
£156,090

Page 7

 
FUDGE KITCHEN LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

5.


Debtors

28 February
29 February
2025
2024


Trade debtors
99,851
130,716

Amounts owed by group undertakings
56,723
200,000

Other debtors
3,635
4,737

Called up share capital not paid
1
1

Prepayments and accrued income
21,678
16,464

£181,888
£351,918



6.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024

Trade creditors
37,407
192,325

Corporation tax
-
7,836

Other taxation and social security
10,800
6,967

Other creditors
7,624
6,955

Accruals and deferred income
117,722
19,854

£173,553
£233,937



7.


Deferred taxation






2025
2024





At beginning of year
(31,210)
(33,979)


Charged to profit or loss
3,803
2,769



At end of year
£27,407
£31,210

The provision for deferred taxation is made up as follows:

28 February
29 February
2025
2024


Accelerated capital allowances
27,407
31,210

£27,407
£31,210

Page 8

 
FUDGE KITCHEN LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

8.


Share capital

28 February
29 February
2025
2024
Allotted, called up and fully paid



10 (2024 - 10) Ordinary shares of £0.10 each
£1
£1



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £10,310 (2024 - £7,688). Contributions totalling £1,583 (2024 - £1,308) were payable to the fund at the balance sheet date and are included in creditors.

Page 9

 
FUDGE KITCHEN LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

10.

Ultimate parent undertaking and controlling party

At the balance sheet date, the immediate and ultimate parent undertaking is Fudge Kitchen Group Limited, a company incorporated in England and Wales. 
Fudge Kitchen Group Limited is the controlling party of the company.
The ultimate parent undertaking is Fudge Kitchen Group Limited, a company incorporated in England and Wales.
Fudge Kitchen Group Limited is also the most senior parent entity producing publicly available financial statements.
Fudge Kitchen Group Trustee Limited is the ultimate controlling party of the company. The controlling party of the parent undertaking is Fudge Kitchen Group Trustee Limited.
The company is exempt from the requirement of preparing consolidated financial statements as it is a subsidiary undertaking of a small group under section 383 of the Companies Act 2006.


Page 10