1 November 2023 false No description of principal activity Taxfiler 2024.6 true 12257134business:PrivateLimitedCompanyLtd2023-11-012024-10-31 122571342023-10-31 122571342023-11-012024-10-31 12257134business:AuditExemptWithAccountantsReport2023-11-012024-10-31 12257134business:FilletedAccounts2023-11-012024-10-31 122571342024-10-31 12257134business:Director12023-11-012024-10-31 12257134business:Director22023-11-012024-10-31 12257134business:RegisteredOffice2023-11-012024-10-31 122571342023-10-31 12257134core:WithinOneYear2024-10-31 12257134core:WithinOneYear2023-10-31 12257134core:AfterOneYear2024-10-31 12257134core:AfterOneYear2023-10-31 12257134core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 12257134core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 12257134core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 12257134core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 12257134core:PreviouslyStatedAmount2024-10-31 12257134core:PreviouslyStatedAmount2023-10-31 12257134business:SmallEntities2023-11-012024-10-31 12257134countries:EnglandWales2023-11-012024-10-31 12257134core:LandBuildings2023-11-012024-10-31 12257134core:PlantMachinery2023-11-012024-10-31 12257134core:FurnitureFittings2023-11-012024-10-31 12257134core:ComputerEquipment2023-11-012024-10-31 12257134core:LandBuildings2023-10-31 12257134core:PlantMachinery2023-10-31 12257134core:FurnitureFittings2023-10-31 12257134core:ComputerEquipment2023-10-31 12257134core:LandBuildings2024-10-31 12257134core:PlantMachinery2024-10-31 12257134core:FurnitureFittings2024-10-31 12257134core:ComputerEquipment2024-10-31 12257134core:AfterOneYear2023-11-012024-10-31 122571342022-11-012023-10-31 iso4217:GBP xbrli:pure
Company Registration No. 12257134 (England and Wales)
North London Kitchens Ltd Unaudited accounts for the year ended 31 October 2024
North London Kitchens Ltd Unaudited accounts Contents
Page
- 2 -
North London Kitchens Ltd Company Information for the year ended 31 October 2024
Directors
B Alborzi R J Haynes
Company Number
12257134 (England and Wales)
Registered Office
Schmidt Kitchens 17 High Street Barnet EN5 5UJ
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
- 3 -
North London Kitchens Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,697 
38,718 
Current assets
Debtors
118,980 
23,565 
Cash at bank and in hand
6,779 
31,727 
125,759 
55,292 
Creditors: amounts falling due within one year
(402,001)
(317,294)
Net current liabilities
(276,242)
(262,002)
Total assets less current liabilities
(241,545)
(223,284)
Creditors: amounts falling due after more than one year
(23,752)
(26,340)
Net liabilities
(265,297)
(249,624)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(265,397)
(249,724)
Shareholders' funds
(265,297)
(249,624)
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 directors acknowledge their 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 of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by
B Alborzi Director Company Registration No. 12257134
- 4 -
North London Kitchens Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
North London Kitchens Ltd is a private company, limited by shares, registered in England and Wales, registration number 12257134. The registered office is Schmidt Kitchens, 17 High Street, Barnet, 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
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
Going concern
The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due. The directors expect an upturn in future trade that would improve the company's profitability. They have also expressed a willingness to support the company.
- 5 -
North London Kitchens Ltd Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2023
64,530 
34,665 
6,945 
12,683 
118,823 
Additions
- 
- 
3,243 
- 
3,243 
At 31 October 2024
64,530 
34,665 
10,188 
12,683 
122,066 
Depreciation
At 1 November 2023
25,812 
34,665 
6,945 
12,683 
80,105 
Charge for the year
6,453 
- 
811 
- 
7,264 
At 31 October 2024
32,265 
34,665 
7,756 
12,683 
87,369 
Net book value
At 31 October 2024
32,265 
- 
2,432 
- 
34,697 
At 31 October 2023
38,718 
- 
- 
- 
38,718 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
106,729 
11,315 
Accrued income and prepayments
3,500 
3,500 
Other debtors
8,751 
8,750 
118,980 
23,565 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
20,316 
39,000 
VAT
23,184 
10,566 
Trade creditors
69,964 
18,786 
Taxes and social security
5,245 
5,879 
Other creditors
147,031 
180,139 
Loans from directors
37,396 
9,552 
Deferred income
98,865 
53,372 
402,001 
317,294 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,132 
26,340 
Other creditors
17,620 
- 
23,752 
26,340 
Bank loans totaling £9,667 (2023: £38,667) are secured by way of a fixed and floating charge over the assets of the company.
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
- 6 -