Company Registration No. 08814761 (England and Wales)
Wye Valley Kitchen Studio Limited
Unaudited accounts
for the year ended 31 October 2024
Wye Valley Kitchen Studio Limited
Unaudited accounts
Contents
Wye Valley Kitchen Studio Limited
Company Information
for the year ended 31 October 2024
Company Number
08814761 (England and Wales)
Registered Office
Pengetherley Garden Centre
Peterstow
Ross-On-Wye
Herefordshire
HR9 6LL
Accountants
Wellington Consulting Ltd
Rural Enterprise Centre
Vincent Carey Road
Office 34
Hereford
Herefordshire
HR2 6FE
Wye Valley Kitchen Studio Limited
Statement of financial position
as at 31 October 2024
Tangible assets
42,393
14,743
Cash at bank and in hand
26,105
4,469
Creditors: amounts falling due within one year
(27,464)
(10,006)
Net current assets
75,594
35,600
Total assets less current liabilities
117,987
50,343
Creditors: amounts falling due after more than one year
(104,263)
(38,465)
Called up share capital
1
1
Profit and loss account
13,723
11,877
Shareholders' funds
13,724
11,878
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 30 April 2025 and were signed on its behalf by
Richard Preece
Director
Company Registration No. 08814761
Wye Valley Kitchen Studio Limited
Notes to the Accounts
for the year ended 31 October 2024
Wye Valley Kitchen Studio Limited is a private company, limited by shares, registered in England and Wales, registration number 08814761. The registered office is Pengetherley Garden Centre, Peterstow, Ross-On-Wye, Herefordshire, HR9 6LL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
The motor vehicle has been found to be a finance lease and adjustments made accordingly.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance basis
Fixtures & fittings
25% reducing balance
Computer equipment
Straight line over 4 years
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
-
40,895
374
41,269
Additions
36,450
5,602
-
42,052
Disposals
-
(3,631)
-
(3,631)
At 31 October 2024
36,450
42,866
374
79,690
At 1 November 2023
-
26,152
374
26,526
Charge for the year
9,113
3,246
-
12,359
On disposals
-
(1,588)
-
(1,588)
At 31 October 2024
9,113
27,810
374
37,297
At 31 October 2024
27,337
15,056
-
42,393
At 31 October 2023
-
14,743
-
14,743
Wye Valley Kitchen Studio Limited
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Accrued income and prepayments
530
-
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,608
13,148
Taxes and social security
8,155
9,053
Proposed dividends
18,000
-
Loans from directors
(8,350)
(13,783)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
25,743
-
This amount relates to the amount remaining on a bounce back loan of £20,000 plus a loan from Funding Circle.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).