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Registration number: 04101817

Kitchen Table Publishing Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Kitchen Table Publishing Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Kitchen Table Publishing Limited

(Registration number: 04101817)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

52,194

55,980

Current assets

 

Debtors

5

92,932

82,435

Cash at bank and in hand

 

-

7,686

 

92,932

90,121

Creditors: Amounts falling due within one year

6

(93,420)

(73,608)

Net current (liabilities)/assets

 

(488)

16,513

Total assets less current liabilities

 

51,706

72,493

Creditors: Amounts falling due after more than one year

6

(2,000)

(41,000)

Provisions for liabilities

(11,113)

(8,022)

Net assets

 

38,593

23,471

Capital and reserves

 

Called up share capital

200

200

Retained earnings

38,393

23,271

Shareholders' funds

 

38,593

23,471

 

Kitchen Table Publishing Limited

(Registration number: 04101817)
Balance Sheet as at 30 November 2024

For the financial year ending 30 November 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 24 July 2025 and signed on its behalf by:
 

G Colquhoun
Director

   
     
 

Kitchen Table Publishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

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

The address of its registered office is:
Freshford House
Redcliffe Way
Bristol
BS1 6NL

These financial statements were authorised for issue by the Board on 24 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.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

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.

Tax

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

 

Kitchen Table Publishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Long-term leasehold property

10% straight line

Fixtures and fittings

25% reducing balance

Office equipment

33% reducing balance

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.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

 

Kitchen Table Publishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Borrowings

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 2 (2023 - 3).

 

Kitchen Table Publishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Long leasehold property
£

Fixtures and fittings
£

Other tangible assets
 £

Total
£

Cost or valuation

At 1 December 2023

149,503

22,885

22,652

195,040

Additions

14,268

-

1,749

16,017

Disposals

-

(103)

(2,407)

(2,510)

At 30 November 2024

163,771

22,782

21,994

208,547

Depreciation

At 1 December 2023

104,719

17,216

17,125

139,060

Charge for the year

16,109

1,410

2,113

19,632

Eliminated on disposal

-

(77)

(2,262)

(2,339)

At 30 November 2024

120,828

18,549

16,976

156,353

Carrying amount

At 30 November 2024

42,943

4,233

5,018

52,194

At 30 November 2023

44,784

5,669

5,527

55,980

5

Debtors

Note

2024
£

2023
£

Trade debtors

 

5,419

10,960

Amounts owed by related parties

8

80,523

51,149

Prepayments

 

2,990

2,826

Accrued income

 

4,000

17,500

 

92,932

82,435

 

Kitchen Table Publishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

Creditors

Due within one year

Note

2024
£

2023
£

 

Loans and borrowings

9,344

4,273

Trade creditors

 

1,508

19,622

Amounts due to related parties

8

30,897

28,305

Social security and other taxes

 

9,308

4,456

Other creditors

 

-

1,026

Accruals

 

33,500

3,025

Corporation tax liability

8,863

12,901

 

93,420

73,608

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

 

2,000

5,727

Amounts due to related parties

8

-

35,273

 

2,000

41,000

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £28,697 (2023 - £1,893).

 

Kitchen Table Publishing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

8

Related party transactions

Loans to related parties

2024

Other related parties
£

Total
£

At start of period

51,149

51,149

Advanced

37,624

37,624

Repaid

(8,250)

(8,250)

At end of period

80,523

80,523

2023

Other related parties
£

Total
£

At start of period

37,347

37,347

Advanced

20,000

20,000

Repaid

(6,198)

(6,198)

At end of period

51,149

51,149

Terms of loans to related parties

Loans to other related parties are interest free and repayable on demand.

Loans from related parties

2024

Key management
£

Total
£

At start of period

63,578

63,578

Advanced

17,934

17,934

Repaid

(50,615)

(50,615)

At end of period

30,897

30,897

2023

Key management
£

Total
£

At start of period

101,208

101,208

Advanced

15,960

15,960

Repaid

(53,590)

(53,590)

At end of period

63,578

63,578

Terms of loans from related parties

Loans from key management are interest free and repayable on demand.