Finesse Kitchens Ltd - Filleted accounts

Registered number

04913463

Finesse Kitchens Ltd

Filleted Accounts

31 March 2025

Finesse Kitchens Ltd
Registered number:		04913463
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		161,180			165,788

Current assets
Debtors	4	1,022			1,929
Cash at bank and in hand		234,984			130,349
		236,006			132,278

Creditors: amounts falling due within one year	5	(83,573)			(16,150)

Net current assets			152,433			116,128

Total assets less current liabilities			313,613			281,916

Creditors: amounts falling due after more than one year	6		(251,889)			(251,798)

Provisions for liabilities			(871)			(751)


Net assets			60,853			29,367

Capital and reserves
Called up share capital			140			140
Profit and loss account			60,713			29,227

Shareholders' funds			60,853			29,367

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Christopher John Duggin
Director
Approved by the board on 25 September 2025

Finesse Kitchens Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	2% on cost
	Plant and machinery	25% on Reducing Balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.



2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	254,398		26,751		281,149
	Additions	-		1,448		1,448
	At 31 March 2025	254,398		28,199		282,597

	Depreciation
	At 1 April 2024	91,583		23,778		115,361
	Charge for the year	5,088		968		6,056
	At 31 March 2025	96,671		24,746		121,417

	Net book value
	At 31 March 2025	157,727		3,453		161,180
	At 31 March 2024	162,815		2,973		165,788



4	Debtors			2025		2024
£					£

	Trade debtors			-		756
	Other debtors			1,022		1,173
				1,022		1,929


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			21,887		8,757
	Taxation and social security costs			29,250		6,233
	Director's Loan			2,457		251
	Other creditors			29,979		909
				83,573		16,150


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			251,889		251,798


7	Other information

	Finesse Kitchens Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	370 Grand Drive
	Raynes Park
	London
	SW20 9NQ