Refined Kitchens Limited

	Page
Company Information	1
Director's Report	2
Accountant's Report	3
Statement of Income and Retained Earnings	4
Balance Sheet	5
Notes to the Financial Statements	6—8

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Company No. 05392245

Director's Report For The Year Ended 31 March 2024

Director's Report

The director presents his report and the financial statements for the year ended 31 March 2024.

Directors

The director who held office during the year were as follows:

Mr Robert Harris

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has 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.

On behalf of the board

Mr Robert Harris

Director

13/08/2024

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Refined Kitchens Limited

Accountant's Report

For The Year Ended 31 March 2024

Accountant's Report

In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 March 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

13/08/2025

Ascot Sinclair Associates Ltd

Chartered Certified Accountants

Avondale House

262 Uxbridge Road

Hatch End

Middlesex

HA5 4HS

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Refined Kitchens Limited

Statement of Income and Retained Earnings

For The Year Ended 31 March 2024

Statement of Income and Retained Earnings

		2024	2023
	Notes	£	£
TURNOVER		92,168	77,687
Cost of sales		(32,499 )	(29,502 )

GROSS PROFIT		59,669	48,185

Distribution costs		(2,717 )	(1,744 )
Administrative expenses		(45,074 )	(52,420 )

OPERATING PROFIT/(LOSS)		11,878	(5,979 )
Other interest receivable and similar income		562	137
Interest payable and similar charges		(992 )	-

PROFIT/(LOSS) BEFORE TAXATION		11,448	(5,842 )
Tax on Profit/(loss)		(2,505 )	763

PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL YEAR		8,943	(5,079 )
RETAINED EARNINGS
As at 1 April 2023		(4,718 )	361
Dividends paid		(5,000)	-
As at 31 March 2024		(775 )	(4,718 )

The notes on pages 6 to 8 form part of these financial statements.

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Refined Kitchens Limited

Balance Sheet

As At 31 March 2024

Balance Sheet

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,983		5,310

			3,983		5,310
CURRENT ASSETS
Debtors	5	40,606		15,591
Cash at bank and in hand		1,302		-

		41,908		15,591
Creditors: Amounts Falling Due Within One Year	6	(23,721 )		(13,857 )

NET CURRENT ASSETS (LIABILITIES)			18,187		1,734

TOTAL ASSETS LESS CURRENT LIABILITIES			22,170		7,044

Creditors: Amounts Falling Due After More Than One Year	7		(21,945 )		(10,762 )

NET ASSETS/(LIABILITIES)			225		(3,718 )

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			(775 )		(4,718 )

SHAREHOLDERS' FUNDS			225		(3,718)

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Robert Harris

Director

13/08/2024

The notes on pages 6 to 8 form part of these financial statements.

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Refined Kitchens Limited

Notes to the Financial Statements

For The Year Ended 31 March 2024

Notes to the Financial Statements

1. General Information

Refined Kitchens Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05392245 . The registered office is Avondale House, 262 Uxbridge Road, Hatch End, HA5 4HS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Refined Kitchens Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2024

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2023	7,313	20,750	28,063

As at 31 March 2024	7,313	20,750	28,063

Depreciation
As at 1 April 2023	6,903	15,850	22,753
Provided during the period	102	1,225	1,327

As at 31 March 2024	7,005	17,075	24,080

Net Book Value
As at 31 March 2024	308	3,675	3,983

As at 1 April 2023	410	4,900	5,310

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	2,843	2,843
Director's loan account	37,763	12,748

	40,606	15,591

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1	(1 )
Bank loans and overdrafts	6,010	1,888
Corporation tax	5,883	3,378
Other taxes and social security	2,666	1,481
VAT	5,319	3,247
Accruals and deferred income	3,842	3,864

	23,721	13,857

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Refined Kitchens Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2024

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	(807 )
Bank loans	21,945	11,569

	21,945	10,762

8. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	-	(807 )

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2024
	£	£	£	£	£
Mr Robert Harris	12,748	25,015	-	-	37,763

The above loan is unsecured and repayable on demand.

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Director	Mr Robert Harris

Company Number	05392245

Registered Office	Avondale House
	262 Uxbridge Road
	Hatch End
	HA5 4HS

Accountants	Ascot Sinclair Associates Ltd
	Chartered Certified Accountants
	Avondale House
	262 Uxbridge Road
	Hatch End
	Middlesex
	HA5 4HS