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REGISTERED NUMBER: 03198474 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 December 2024

for

CLASSIC KITCHENS (REDDITCH) LIMITED
CLASSIC KITCHENS (REDDITCH) LIMITED (REGISTERED NUMBER: 03198474)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLASSIC KITCHENS (REDDITCH) LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M R Davies
G A Davies
A S Davies





SECRETARY:





REGISTERED OFFICE: Unit 2 Colemeadow Road
North Moons Moat
Redditch
Worcester
WR3 8DA





REGISTERED NUMBER: 03198474 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW
Page 1
CLASSIC KITCHENS (REDDITCH) LIMITED (REGISTERED NUMBER: 03198474)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 709,183 756,678

CURRENT ASSETS
Stocks 31,500 11,500
Debtors 5 59,783 23,950
Cash at bank and in hand 2,991 33,460
94,274 68,910
CREDITORS
Amounts falling due within one year 6 473,191 415,023
NET CURRENT LIABILITIES (378,917 ) (346,113 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
330,266
410,565

CREDITORS
Amounts falling due after more than one year 7 (129,580 ) (114,646 )

PROVISIONS FOR LIABILITIES (110,386 ) (141,595 )
NET ASSETS 90,300 154,324

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 90,200 154,224
90,300 154,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:





M R Davies - Director


The notes form part of these financial statements

Page 2
CLASSIC KITCHENS (REDDITCH) LIMITED (REGISTERED NUMBER: 03198474)

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


1. STATUTORY INFORMATION

Classic Kitchens (Redditch) 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

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.
Showroom Fixtures - 20% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

Page 3 continued...
CLASSIC KITCHENS (REDDITCH) LIMITED (REGISTERED NUMBER: 03198474)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 1,278,608
Additions 84,695
At 31 December 2024 1,363,303
DEPRECIATION
At 1 January 2024 521,930
Charge for year 132,190
At 31 December 2024 654,120
NET BOOK VALUE
At 31 December 2024 709,183
At 31 December 2023 756,678

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 616 2,802
Other debtors 59,167 21,148
59,783 23,950

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 63,790 67,097
Hire purchase contracts 13,251 12,453
Trade creditors 169,108 175,816
Taxation and social security 81,802 66,080
Other creditors 145,240 93,577
473,191 415,023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 105,685 42,500
Hire purchase contracts 23,895 37,146
Other creditors - 35,000
129,580 114,646

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 69,194 -

Page 4 continued...
CLASSIC KITCHENS (REDDITCH) LIMITED (REGISTERED NUMBER: 03198474)

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


8. RELATED PARTY DISCLOSURES

During the year, AGM Holdings (UK) Limited, the parent company of Classic Kitchens (Redditch) Limited charged rent of £20,040 (2023: £20,040), and management fees of £60,000 (2023: £65,000).

Dividends of £Nil (2023: £Nil) were paid to AGM Holdings (UK) Limited.

At the balance sheet date, AGM Holdings (UK) Limited was owed £542 by Classic Kitchens (Redditch) Limited. (2023: £40,656).

All transactions were on commercial terms.

Page 5