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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
Page
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Wye Valley Kitchen Studio Limited Company Information for the year ended 31 October 2024
Director
Richard Preece
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
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Wye Valley Kitchen Studio Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,393 
14,743 
Current assets
Debtors
76,953 
41,137 
Cash at bank and in hand
26,105 
4,469 
103,058 
45,606 
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)
Net assets
13,724 
11,878 
Capital and reserves
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
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Wye Valley Kitchen Studio Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 31 October 2024
27,337 
15,056 
- 
42,393 
At 31 October 2023
- 
14,743 
- 
14,743 
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Wye Valley Kitchen Studio Limited Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
530 
- 
Other debtors
76,423 
- 
76,953 
- 
Amounts falling due after more than one year
Other debtors
- 
41,137 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,608 
13,148 
VAT
3,026 
1,048 
Trade creditors
- 
220 
Taxes and social security
8,155 
9,053 
Proposed dividends
18,000 
- 
Other creditors
25 
- 
Loans from directors
(8,350)
(13,783)
Accruals
- 
320 
27,464 
10,006 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
78,520 
38,465 
Obligations under finance leases and hire purchase contracts
25,743 
- 
104,263 
38,465 
This amount relates to the amount remaining on a bounce back loan of £20,000 plus a loan from Funding Circle.
8
Share capital
2024 
2023 
£ 
£ 
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).
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