Celtic Kitchens Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10556995

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		94,642		112,272

			94,642		112,272
CURRENT ASSETS
Stocks	5	10,000		-
Debtors	6	61,853		56,780
Investments	7	23,400		23,400
Cash at bank and in hand		2,320		2,662

		97,573		82,842
Creditors: Amounts Falling Due Within One Year	8	(105,108 )		(61,661 )

NET CURRENT ASSETS (LIABILITIES)			(7,535 )		21,181

TOTAL ASSETS LESS CURRENT LIABILITIES			87,107		133,453

Creditors: Amounts Falling Due After More Than One Year	9		(32,150 )		(40,560 )

NET ASSETS			54,957		92,893

CAPITAL AND RESERVES
Called up share capital	11		1		1
Profit and Loss Account			54,956		92,892

SHAREHOLDERS' FUNDS			54,957		92,893

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Celtic Kitchens Ltd

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Ryan Rawlings

Director

10/03/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Celtic Kitchens Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10556995 . The registered office is 67 VALE BUSINESS PARK, LLANDOW, COWBRIDGE, CF71 7PF.

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
Fixtures & Fittings	10% Straight Line Basis
Computer Equipment	33% Straight Line Basis

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. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 1)

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Celtic Kitchens Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2024	61,677	49,720	12,964	2,737	127,098
Additions	-	13,131	-	-	13,131

As at 31 January 2025	61,677	62,851	12,964	2,737	140,229

Depreciation
As at 1 February 2024	10,280	-	3,546	1,000	14,826
Provided during the period	12,849	15,713	1,296	903	30,761

As at 31 January 2025	23,129	15,713	4,842	1,903	45,587

Net Book Value
As at 31 January 2025	38,548	47,138	8,122	834	94,642

As at 1 February 2024	51,397	49,720	9,418	1,737	112,272

5. Stocks

	2025	2024
	£	£
Materials	10,000	-

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,593	12,020
Amounts owed by group undertakings	58,260	44,760

	61,853	56,780

7. Current Asset Investments

	2025	2024
	£	£
Shares in subsidiaries	23,400	23,400

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	11,289	11,289
Trade creditors	26,107	15,107
Bank loans and overdrafts	13,856	11,190
Corporation tax	1,692	1,692
Other taxes and social security	2,539	-
VAT	46,691	22,355
Other creditors	413	-
Director's loan account	2,521	28

	105,108	61,661

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Celtic Kitchens Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	9,288	17,698
Bank loans	22,862	22,862

	32,150	40,560

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	11,289	11,289
Later than one year and not later than five years	9,288	17,698

	20,577	28,987

	20,577	28,987

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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