| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28th February 2025 |
| for |
| Sponge Kitchens Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28th February 2025 |
| for |
| Sponge Kitchens Limited |
| Sponge Kitchens Limited (Registered number: 00340852) |
| Contents of the Financial Statements |
| for the Year Ended 28th February 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Sponge Kitchens Limited |
| Company Information |
| for the Year Ended 28th February 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountant |
| 81 Hawes Lane |
| West Wickham |
| Kent |
| BR4 0DF |
| Sponge Kitchens Limited (Registered number: 00340852) |
| Balance Sheet |
| 28th February 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Sponge Kitchens Limited (Registered number: 00340852) |
| Balance Sheet - continued |
| 28th February 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Sponge Kitchens Limited (Registered number: 00340852) |
| Notes to the Financial Statements |
| for the Year Ended 28th February 2025 |
| 1. | STATUTORY INFORMATION |
| Sponge Kitchens Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Freehold property | - |
| Long leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Sponge Kitchens Limited (Registered number: 00340852) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28th February 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Long | Plant and | and |
| property | leasehold | machinery | fittings | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st March 2024 |
| Additions |
| At 28th February 2025 |
| DEPRECIATION |
| At 1st March 2024 |
| Charge for year |
| At 28th February 2025 |
| NET BOOK VALUE |
| At 28th February 2025 |
| At 29th February 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts owed by associates |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Amounts owed to associates | 195,867 | 158,433 |
| Taxation and social security |
| Other creditors |
| 7. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Sponge Kitchens Limited (Registered number: 00340852) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28th February 2025 |
| 7. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1st March 2024 |
| Provided during year |
| Balance at 28th February 2025 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary Shares | £1 | 200 | 200 |
| 9. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £30,450 were paid to the directors . |
| The company paid rent for trading premises at Park Langley to A.R. Stewart of £12,000, a director and shareholder of the company. |
| Products for resale are supplied at cost between this company and Sponge Kitchens (Hayes) Limited, a company under common control. The net cost of supplies charged in the year to that company was £84,876 (2024: £74,814). |