Registration number: NI615763

Jane's Kitchen Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 10

Jane's Kitchen Limited

(Registration number: NI615763)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	59,812	67,062
Tangible assets	5	36,116	48,155
		95,928	115,217
Current assets
Stocks	6	-	5,040
Debtors	7	335,018	333,219
Cash at bank and in hand		503	2,843
		335,521	341,102
Creditors: Amounts falling due within one year	8	(432,713)	(439,593)
Net current liabilities		(97,192)	(98,491)
Total assets less current liabilities		(1,264)	16,726
Creditors: Amounts falling due after more than one year	8	(55,352)	(70,040)
Net liabilities		(56,616)	(53,314)
Capital and reserves
Called up share capital	9	100	100
Retained earnings		(56,716)	(53,414)
Shareholders' deficit		(56,616)	(53,314)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Jane's Kitchen Limited

(Registration number: NI615763)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 9 September 2025 and signed on its behalf by:
 

......................................... Mrs Jane Allen Director

Jane's Kitchen Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
59 Shore Road
Magheramorne
Larne
Co Antrim
BT40 3HW

These financial statements were authorised for issue by the Board on 9 September 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.

Jane's Kitchen Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Going concern

The financial statements have been prepared on a going concern basis. Although the company balance sheet is in deficit the directors have assessed a period of 12 months from the date of approving the financial statements with regard to the appropriateness of the going concern assumption in preparing the financial statements.The directors will continue to support the company and believe the company will continue as a going concern and be able to realise its assets and discharge its liabilities in the normal course of business.

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

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
Motor vehicles	25% reducing balance
Plant and equipment	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
Goodwill	straight line over 20 years

trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Jane's Kitchen Limited

Notes to the Financial Statements for the Year Ended 31 December 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Jane's Kitchen Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 32).

Jane's Kitchen Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2024	145,000	145,000
At 31 December 2024	145,000	145,000
Amortisation
At 1 January 2024	77,938	77,938
Amortisation charge	7,250	7,250
At 31 December 2024	85,188	85,188
Carrying amount
At 31 December 2024	59,812	59,812
At 31 December 2023	67,062	67,062

5	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	67,120	207,164	274,284
At 31 December 2024	67,120	207,164	274,284
Depreciation
At 1 January 2024	51,904	174,225	226,129
Charge for the year	3,804	8,235	12,039
At 31 December 2024	55,708	182,460	238,168
Carrying amount
At 31 December 2024	11,412	24,704	36,116
At 31 December 2023	15,216	32,939	48,155

6

Stocks

	2024 £	2023 £
Other inventories	-	5,040

Jane's Kitchen Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

7

Debtors

Current	2024 £	2023 £
Trade debtors	321,831	321,831
Other debtors	13,187	11,388
	335,018	333,219

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	10	13,760	18,935
Trade creditors		7,136	23,972
Amounts due to related parties		352,295	330,062
Social security and other taxes		52,522	59,791
Other payables		-	3,333
Accruals		7,000	3,500
		432,713	439,593
Due after one year
Loans and borrowings	10	55,352	70,040

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	10,878	10,165
Bank overdrafts	567	1,824
HP and finance lease liabilities	2,315	6,946
	13,760	18,935

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	10	55,352	70,040

Jane's Kitchen Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

Jane's Kitchen Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

10	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	55,352	67,725
Hire purchase contracts	-	2,315
	55,352	70,040

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	10,878	10,165
Bank overdrafts	567	1,824
Hire purchase contracts	2,315	6,946
	13,760	18,935

11	Parent and ultimate parent undertaking

The ultimate controlling party is the Allen family.