Registration number: 13297070

LL Kitchens Limited

trading as Dream Doors Croydon & Bromley

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

LL Kitchens Limited

trading as Dream Doors Croydon & Bromley

(Registration number: 13297070)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	14,738	28,817
Tangible assets	5	49,846	40,606
		64,584	69,423
Current assets
Stocks	6	90,668	23,035
Debtors	7	15,605	59,018
Cash at bank and in hand		53,469	56,831
		159,742	138,884
Creditors: Amounts falling due within one year	8	(142,336)	(140,629)
Net current assets/(liabilities)		17,406	(1,745)
Total assets less current liabilities		81,990	67,678
Provisions for liabilities		(2,800)	(4,404)
Net assets		79,190	63,274
Capital and reserves
Called up share capital		1	1
Retained earnings		79,189	63,273
Shareholders' funds		79,190	63,274

LL Kitchens Limited

trading as Dream Doors Croydon & Bromley

(Registration number: 13297070)
Balance Sheet as at 31 December 2024

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.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 August 2025
 

......................................... Mr L Limbach Director

LL Kitchens Limited

trading as Dream Doors Croydon & Bromley

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Clive Court 1B
Abercrombie Street
London
SW11 2JB
England

These financial statements were authorised for issue by the director on 26 August 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.

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 and deferred 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.

LL Kitchens Limited

trading as Dream Doors Croydon & Bromley

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

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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
Office equipment	33% straight line
Fixtures and fittings	20% reducing balance
Motor vehicles	20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

LL Kitchens Limited

trading as Dream Doors Croydon & Bromley

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

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	20% straight line
Franchise fees	20% straight line

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 2).

LL Kitchens Limited

trading as Dream Doors Croydon & Bromley

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

4	Intangible assets

	Goodwill  £	Franchise £	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2024	44,000	23,100	3,295	70,395
At 31 December 2024	44,000	23,100	3,295	70,395
Amortisation
At 1 January 2024	26,400	13,860	1,318	41,578
Amortisation charge	8,800	4,620	659	14,079
At 31 December 2024	35,200	18,480	1,977	55,657
Carrying amount
At 31 December 2024	8,800	4,620	1,318	14,738
At 31 December 2023	17,600	9,240	1,977	28,817

5	Tangible assets

	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	25,861	37,296	63,157
Additions	677	22,412	23,089
At 31 December 2024	26,538	59,708	86,246
Depreciation
At 1 January 2024	12,212	10,339	22,551
Charge for the year	3,975	9,874	13,849
At 31 December 2024	16,187	20,213	36,400
Carrying amount
At 31 December 2024	10,351	39,495	49,846
At 31 December 2023	13,649	26,957	40,606

LL Kitchens Limited

trading as Dream Doors Croydon & Bromley

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

6

Stocks

	2024 £	2023 £
Raw materials and consumables	7,000	5,000
Work in progress	83,668	18,035
	90,668	23,035

7

Debtors

Current	2024 £	2023 £
Trade debtors	12,455	20,457
Prepayments	3,150	5,250
Other debtors	-	33,311
	15,605	59,018

8

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	37,248	61,268
Taxation and social security	53,712	54,108
Accruals and deferred income	46,175	21,574
Other creditors	5,201	3,679
	142,336	140,629