REGISTERED NUMBER: 00599232 (England and Wales)

Unaudited Financial Statements for the Year Ended 28th February 2025

for

Sponge Kitchens (Hayes) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Stewart

Mrs S M Stewart

J A Stewart

REGISTERED OFFICE:

106 Wickham Road

Beckenham

Kent

BR3 6QH

REGISTERED NUMBER:

00599232 (England and Wales)

ACCOUNTANTS:

Mr I P Scott

Accountant

81 Hawes Lane

West Wickham

Kent

BR4 0DF

FIXED ASSETS

Tangible assets

4

30,511

29,987

CURRENT ASSETS

Stocks

1,650

1,650

Debtors

5

196,249

158,952

Cash at bank

7,862

13,524

205,761

174,126

CREDITORS

Amounts falling due within one year

6

63,840

59,390

NET CURRENT ASSETS

141,921

114,736

TOTAL ASSETS LESS CURRENT LIABILITIES

172,432

144,723

PROVISIONS FOR LIABILITIES

7

5,636

5,501

NET ASSETS

166,796

139,222

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

166,296

138,722

166,796

139,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th August 2025 and were signed on its behalf by:

A R Stewart - Director

Mrs S M Stewart - Director

1.	STATUTORY INFORMATION

Sponge Kitchens (Hayes) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost and 10% on cost

Fixtures and fittings

-

20% on cost

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 16 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1st March 2024

106,394

55,950

162,344

Additions

9,562

-

9,562

At 28th February 2025

115,956

55,950

171,906

DEPRECIATION

At 1st March 2024

94,635

37,722

132,357

Charge for year

3,466

5,572

9,038

At 28th February 2025

98,101

43,294

141,395

NET BOOK VALUE

At 28th February 2025

17,855

12,656

30,511

At 29th February 2024

11,759

18,228

29,987

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by associates

195,867

158,433

Other debtors

382

519

196,249

158,952

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

9,884

11,609

Amounts owed to associates

29

29

Taxation and social security

15,741

19,081

Other creditors

38,186

28,671

63,840

59,390

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

5,636

5,501

Deferred

tax

£

Balance at 1st March 2024

5,501

Provided during year

135

Balance at 28th February 2025

5,636

8.	RELATED PARTY DISCLOSURES