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Registration number: 13034843

Kitchen Renovate Ltd

trading as Dream Doors Birmingham South

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Kitchen Renovate Ltd

trading as Dream Doors Birmingham South

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 11

 

Kitchen Renovate Ltd

trading as Dream Doors Birmingham South

(Registration number: 13034843)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

4,620

9,240

Tangible assets

5

4,400

5,869

 

9,020

15,109

Current assets

 

Stocks

28,692

-

Debtors

6

38,274

22,702

Cash at bank and in hand

 

8,699

21,362

 

75,665

44,064

Creditors: Amounts falling due within one year

7

(97,573)

(47,883)

Net current liabilities

 

(21,908)

(3,819)

Total assets less current liabilities

 

(12,888)

11,290

Creditors: Amounts falling due after more than one year

7

-

(9,946)

Provisions for liabilities

(836)

-

Net (liabilities)/assets

 

(13,724)

1,344

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(13,725)

1,343

Shareholders' (deficit)/funds

 

(13,724)

1,344

 

Kitchen Renovate Ltd

trading as Dream Doors Birmingham South

(Registration number: 13034843)
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.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 August 2025
 

.........................................
Mr M Wadsley
Director

 

Kitchen Renovate Ltd

trading as Dream Doors Birmingham South

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 and Wales.

The address of its registered office is:
176 New Road
Rubery
Birmingham
B45 9JA

These financial statements were authorised for issue by the director on 19 August 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 financial statements were prepared on a going concern basis. This is based on the director's opinion that the company can meet its liabilities as they fall due for a period of at least twelve months from approving the financial statements. However there can be no certainty to this view.

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 value added tax, returns, rebates and discounts.

The company recognises revenue from the sale of goods and provision of services at the point the products are installed and associated service delivered.

 

Kitchen Renovate Ltd

trading as Dream Doors Birmingham South

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

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.

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

Office equipment

33% of cost

Fixtures and fittings

25% 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

Franchise fee

20% straight line

 

Kitchen Renovate Ltd

trading as Dream Doors Birmingham South

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

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.

 

Kitchen Renovate Ltd

trading as Dream Doors Birmingham South

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.

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 the director) during the year, was 6 (2023 - 6).

 

Kitchen Renovate Ltd

trading as Dream Doors Birmingham South

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

4

Intangible assets

Franchise Fee
£

Total
£

Cost or valuation

At 1 December 2023

23,100

23,100

At 30 November 2024

23,100

23,100

Amortisation

At 1 December 2023

13,860

13,860

Amortisation charge

4,620

4,620

At 30 November 2024

18,480

18,480

Carrying amount

At 30 November 2024

4,620

4,620

At 30 November 2023

9,240

9,240

 

Kitchen Renovate Ltd

trading as Dream Doors Birmingham South

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

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2023

14,132

14,132

At 30 November 2024

14,132

14,132

Depreciation

At 1 December 2023

8,263

8,263

Charge for the year

1,469

1,469

At 30 November 2024

9,732

9,732

Carrying amount

At 30 November 2024

4,400

4,400

At 30 November 2023

5,869

5,869

6

Debtors

Current

2024
£

2023
£

Trade debtors

6,585

8,450

Prepayments

2,100

4,200

Other debtors

29,589

10,052

 

38,274

22,702

 

Kitchen Renovate Ltd

trading as Dream Doors Birmingham South

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

11,761

12,486

Trade creditors

 

42,666

21,272

Taxation and social security

 

21,909

10,280

Accruals and deferred income

 

16,863

955

Other creditors

 

4,374

2,890

 

97,573

47,883

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

-

9,946

 

Kitchen Renovate Ltd

trading as Dream Doors Birmingham South

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

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

9,946

Current loans and borrowings

2024
£

2023
£

Bank borrowings

11,761

12,486

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

12,500

12,500

Later than one year and not later than five years

4,167

16,667

16,667

29,167

The amount of non-cancellable operating lease payments recognised as an expense during the year was £12,500 (2023 - £12,500).

10

Related party transactions

Transactions with the director

2024

At 1 December 2023
£

Advances to director
£

Repayments by director
£

At 30 November 2024
£

Mr M Wadsley

6,302

46,199

(33,466)

19,035

 

Kitchen Renovate Ltd

trading as Dream Doors Birmingham South

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

2023

At 1 December 2022
£

Advances to director
£

Repayments by director
£

At 30 November 2023
£

Mr M Wadsley

(14,066)

48,694

(28,326)

6,302