Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302023-12-01falseDesign, supply and fitting of kitchens44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01026757 2023-12-01 2024-11-30 01026757 2022-12-01 2023-11-30 01026757 2024-11-30 01026757 2023-11-30 01026757 c:Director1 2023-12-01 2024-11-30 01026757 d:Buildings 2023-12-01 2024-11-30 01026757 d:Buildings 2024-11-30 01026757 d:Buildings 2023-11-30 01026757 d:PlantMachinery 2023-12-01 2024-11-30 01026757 d:PlantMachinery 2024-11-30 01026757 d:PlantMachinery 2023-11-30 01026757 d:MotorVehicles 2023-12-01 2024-11-30 01026757 d:MotorVehicles 2024-11-30 01026757 d:MotorVehicles 2023-11-30 01026757 d:CurrentFinancialInstruments 2024-11-30 01026757 d:CurrentFinancialInstruments 2023-11-30 01026757 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 01026757 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 01026757 d:ShareCapital 2024-11-30 01026757 d:ShareCapital 2023-11-30 01026757 d:RevaluationReserve 2023-12-01 2024-11-30 01026757 d:RevaluationReserve 2024-11-30 01026757 d:RevaluationReserve 2023-11-30 01026757 d:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 01026757 d:RetainedEarningsAccumulatedLosses 2024-11-30 01026757 d:RetainedEarningsAccumulatedLosses 2023-11-30 01026757 c:OrdinaryShareClass1 2023-12-01 2024-11-30 01026757 c:OrdinaryShareClass1 2024-11-30 01026757 c:OrdinaryShareClass1 2023-11-30 01026757 c:FRS102 2023-12-01 2024-11-30 01026757 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 01026757 c:FullAccounts 2023-12-01 2024-11-30 01026757 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 01026757 2 2023-12-01 2024-11-30 01026757 5 2023-12-01 2024-11-30 01026757 d:AcceleratedTaxDepreciationDeferredTax 2024-11-30 01026757 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 01026757 e:PoundSterling 2023-12-01 2024-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01026757









NEW KITCHENS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
NEW KITCHENS LIMITED
REGISTERED NUMBER: 01026757

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
275,592
275,592

  
275,592
275,592

Current assets
  

Stocks
  
25,000
25,000

Debtors: amounts falling due within one year
 6 
627,499
522,896

Cash at bank and in hand
  
210,608
198,784

  
863,107
746,680

Creditors: amounts falling due within one year
 7 
(141,293)
(100,962)

Net current assets
  
 
 
721,814
 
 
645,718

Total assets less current liabilities
  
997,406
921,310

Provisions for liabilities
  

Deferred tax
 8 
(7,323)
(7,323)

  
 
 
(7,323)
 
 
(7,323)

Net assets
  
990,083
913,987

Page 1

 
NEW KITCHENS LIMITED
REGISTERED NUMBER: 01026757
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
 9 
80
80

Revaluation reserve
 10 
147,231
147,231

Profit and loss account
 10 
842,772
766,676

  
990,083
913,987


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 June 2025.




C Chouffot
Director

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
NEW KITCHENS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

New Kitchens Limited is a private limited liability company with share capital incorporated in England & Wales under company number 01026757 with its registered office and principal place of trading at Units 1a & 1b, Shefford Industrial Park, St Francis Way, Shefford, Bedfordshire SG17 5DZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. 
The financial statements have been prepared in GB£, the company's functional currency, and the amounts have been rounded to the nearest £.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

Page 3

 
NEW KITCHENS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
NEW KITCHENS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 5

 
NEW KITCHENS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Nil
Plant and machinery
-
15%
Motor vehicles
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 6

 
NEW KITCHENS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 7

 
NEW KITCHENS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revisions affects only that period, or in the period of revision and future periods where the revisions affects both current and future periods.


4.


Employees

2024
2023
£
£

Wages and salaries
61,551
59,802

Social security costs
449
176

Cost of defined contribution scheme
1,069
1,016

63,069
60,994


The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 8

 
NEW KITCHENS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 December 2023
250,000
54,007
24,970
328,977



At 30 November 2024

250,000
54,007
24,970
328,977



Depreciation


At 1 December 2023
-
44,412
8,973
53,385



At 30 November 2024

-
44,412
8,973
53,385



Net book value



At 30 November 2024
250,000
9,595
15,997
275,592



At 30 November 2023
250,000
9,595
15,997
275,592

Page 9

 
NEW KITCHENS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

           5.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:





Cost or valuation at 30 November 2024 is as follows:

The Total differs from the amount mapped to this area by...
(250,000)


If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Accumulated depreciation
-
(102,769)

Net book value
-
(102,769)

Page 10

 
NEW KITCHENS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
33,043
36,124

Amounts owed by group undertakings
482,285
482,285

Other debtors
107,684
-

Prepayments and accrued income
4,487
4,487

627,499
522,896



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
22,782
10,145

Trade creditors
72,344
35,607

Corporation tax
20,529
30,314

Other taxation and social security
18,004
14,192

Other creditors
3,620
6,690

Accruals and deferred income
4,014
4,014

141,293
100,962



8.


Deferred taxation




2024


£






At beginning of year
(7,323)



At end of year
(7,323)

Page 11

 
NEW KITCHENS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
(7,323)

-
(7,323)

Analysis Table - Please enter figures in the table above
(7,323)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



80 (2023 - 80) Ordinary shares of £1 each
80
80



10.


Reserves

Revaluation reserve

The revaluation reserve arises on the revaluation of the company's freehold property.

Profit and loss account

The profit and loss account relates to accumulated profits of the company since commencement of trading.


11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,017 (2022: £1,091). Contributions totalling £89 (2022: £79) were payable to the fund at the balance sheet date.


12.


Related party transactions

During the year the company advanced funds to its immediate and ultimate parent undertaking Chouffot Limited. This included dividends totalling £95,000 (2022: £145,500). At 30 November 2023 the amount outstanding was £482,285 (2022: £401,373) and these amounts are included within debtors. These monies are interest free and are repayable on demand.

Page 12

 
NEW KITCHENS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

13.


Controlling party

The company's immediate and ultimate parent undertaking is Chouffot Limited, a company registered in England & Wales.
In the opinion of the directors there is no one ultimate controlling party of the company.

 
Page 13