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Registration number: 13706483

Lansdown Kitchens Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Lansdown Kitchens Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Lansdown Kitchens Limited

Company Information

Directors

Mr N A Heaton

Mr J T Barnfield

Mr D A Herbert

Registered office

The Site
24 Chosen View Road
Cheltenham
Gloucestershire
GL51 9LT

Accountants

Regulatory Accounting Ltd
T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

Lansdown Kitchens Limited

(Registration number: 13706483)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

9,379

6,050

Tangible assets

5

129,884

91,417

 

139,263

97,467

Current assets

 

Stocks

6

5,000

-

Debtors

7

15,628

23,337

Cash at bank and in hand

 

891

4,320

 

21,519

27,657

Creditors: Amounts falling due within one year

8

(218,601)

(112,936)

Net current liabilities

 

(197,082)

(85,279)

Total assets less current liabilities

 

(57,819)

12,188

Creditors: Amounts falling due after more than one year

8

(23,555)

-

Net (liabilities)/assets

 

(81,374)

12,188

Capital and reserves

 

Called up share capital

30

30

Retained earnings

(81,404)

12,158

Shareholders' (deficit)/funds

 

(81,374)

12,188

 

Lansdown Kitchens Limited

(Registration number: 13706483)
Balance Sheet as at 31 October 2024

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 July 2025 and signed on its behalf by:
 

.........................................
Mr J T Barnfield
Director

 

Lansdown Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Site
24 Chosen View Road
Cheltenham
Gloucestershire
GL51 9LT
England

These financial statements were authorised for issue by the Board on 10 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. For this reason, they continue to adopt the going concern basis in preparing the accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Lansdown Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

33% Straight Line

Office Equipment

25% Straight Line

Showroom

20% Reducing Balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website

20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Lansdown Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 4).

 

Lansdown Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 November 2023

6,050

6,050

Additions acquired separately

4,275

4,275

At 31 October 2024

10,325

10,325

Amortisation

Amortisation charge

946

946

At 31 October 2024

946

946

Carrying amount

At 31 October 2024

9,379

9,379

At 31 October 2023

6,050

6,050

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2023

-

91,417

91,417

Additions

58,503

-

58,503

At 31 October 2024

58,503

91,417

149,920

Depreciation

Charge for the year

6,070

13,966

20,036

At 31 October 2024

6,070

13,966

20,036

Carrying amount

At 31 October 2024

52,433

77,451

129,884

At 31 October 2023

-

91,417

91,417

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of long leasehold land and buildings.
 

 

Lansdown Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Stocks

2024
£

2023
£

Other inventories

5,000

-

 

Lansdown Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Debtors

Current

2024
£

2023
£

Prepayments

8,730

-

Other debtors

6,898

23,337

 

15,628

23,337

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

2,383

-

Trade creditors

 

103,135

50,949

Taxation and social security

 

2,386

1,318

Other creditors

 

110,697

60,669

 

218,601

112,936

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

23,555

-

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

23,555

-

Current loans and borrowings

2024
£

2023
£

Bank borrowings

2,383

-

 

Lansdown Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

10

Related party transactions

Transactions with directors

2024

At 1 November 2023
£

Advances to director
£

Repayments by director
£

At 31 October 2024
£

Mr J T Barnfield

Directors Loan Account

(19,990)

-

(5,000)

(24,990)

Mr N A Heaton

Mr N A Heaton

(19,990)

-

-

(19,990)

Mr D A Herbert

Mr D A Herbet

(19,990)

750

(20,000)

(39,240)

2023

At 1 November 2022
£

Repayments by director
£

At 31 October 2023
£

Mr J T Barnfield

Directors Loan Account

(14,990)

(5,000)

(19,990)

Mr N A Heaton

Mr N A Heaton

(14,990)

(5,000)

(19,990)

Mr D A Herbert

Mr D A Herbet

(14,990)

(5,000)

(19,990)