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Company Registration No. 14672991 (England and Wales)
Harry James Kitchens Limited Unaudited accounts for the year ended 28 February 2025
Harry James Kitchens Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Harry James Kitchens Limited Company Information for the year ended 28 February 2025
Director
Harry James
Company Number
14672991 (England and Wales)
Registered Office
Old Slade Lane Richings Park Iver Bucks SL0 9DX United Kingdom
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Harry James Kitchens Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
71,014
98,490
Current assets
Inventories
5,512
3,027
Debtors
5
9,572
3,165
15,084
6,192
Creditors: amounts falling due within one year
6
(213,369)
(184,706)
Net current liabilities
(198,285)
(178,514)
Net liabilities
(127,271)
(80,024)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(127,371)
(80,124)
Shareholders' funds
(127,271)
(80,024)
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 November 2025 and were signed on its behalf by
Harry James Director Company Registration No. 14672991
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Harry James Kitchens Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Harry James Kitchens Limited is a private company, limited by shares, registered in England and Wales, registration number 14672991. The registered office is Old Slade Lane, Richings Park, Iver, Bucks, SL0 9DX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention except that disclosed in the accounting policies certain items are shown at fair value.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over 5 years
Plant & machinery
25% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% straight line basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Harry James Kitchens Limited Notes to the Accounts for the year ended 28 February 2025
Going concern
The company's balance sheet showed a net liability position at 28 February 2025. The director has arranged adequate funding to help finance the company's continuing activities and to enable it to pay its debts as and when they fall due for payment. Accordingly, the director considers that the company is a going concern and the financial statements have been prepared on that basis.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2024
35,833
74,852
12,000
5,106
127,791
Additions
-
2,051
-
359
2,410
At 28 February 2025
35,833
76,903
12,000
5,465
130,201
Depreciation
At 1 March 2024
7,167
18,713
2,400
1,021
29,301
Charge for the year
7,167
19,226
2,400
1,093
29,886
At 28 February 2025
14,334
37,939
4,800
2,114
59,187
Net book value
At 28 February 2025
21,499
38,964
7,200
3,351
71,014
At 29 February 2024
28,666
56,139
9,600
4,085
98,490
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
1,123
Trade debtors
7,965
-
Accrued income and prepayments
1,461
1,461
Other debtors
146
581
9,572
3,165
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
53,715
9,091
VAT
6,846
-
Trade creditors
19,996
36,734
Taxes and social security
9,985
4,920
Other creditors
5,829
57,738
Loans from directors
2,832
-
Accruals
37,370
39,755
Deferred income
76,796
36,468
213,369
184,706
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Harry James Kitchens Limited Notes to the Accounts for the year ended 28 February 2025
7
Operating lease commitments
2025
2024
£
£
At 28 February 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
95,699
123,699
8
Transactions with related parties
Harry James Interiors Limited During the period the company received services from this company totalling £39,000. At the year end Harry James Kitchens Limited owed the above company £57,414.
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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