Company registration number 06904462 (England and Wales)
Ivymanor Limited
T/A Kitch & Co
Unaudited Financial Statements
For the year ended 30 April 2025
Ivymanor Limited
T/A Kitch & Co
Company information
Director
Mr A G Kitchener
Secretary
Ms F M D Kitchener
Company number
06904462
Registered office
56 Alcester Road
Studley
Warwickshire
England
B80 7NP
Accountants
DJH Halesowen Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT
Ivymanor Limited
T/A Kitch & Co
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
Ivymanor Limited
T/A Kitch & Co
Statement of financial position
As at 30 April 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
32,159
40,882
Current assets
Stocks
195,000
142,821
Debtors
4
164,494
74,569
Cash at bank and in hand
33,897
563
393,391
217,953
Creditors: amounts falling due within one year
5
(1,214,620)
(916,427)
Net current liabilities
(821,229)
(698,474)
Total assets less current liabilities
(789,070)
(657,592)
Creditors: amounts falling due after more than one year
6
(5,564)
(30,825)
Net liabilities
(794,634)
(688,417)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(794,734)
(688,517)
Total equity
(794,634)
(688,417)
Ivymanor Limited
T/A Kitch & Co
Statement of financial position (continued)
As at 30 April 2025
30 April 2025
- 2 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 23 February 2026
Mr A G Kitchener
Director
Company registration number 06904462 (England and Wales)
Ivymanor Limited
T/A Kitch & Co
Notes to the financial statements
For the year ended 30 April 2025
- 3 -
1
Accounting policies
Company information

Ivymanor Limited is a private company limited by shares incorporated in England and Wales. The registered office is 56 Alcester Road, Studley, Warwickshire, England, B80 7NP.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
20% on cost
Plant and equipment
15% reducing balance
Fixtures and fittings
15% reducing balance
Computers
15% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Ivymanor Limited
T/A Kitch & Co
Notes to the financial statements (continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Ivymanor Limited
T/A Kitch & Co
Notes to the financial statements (continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
10
10
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 May 2024 and 30 April 2025
86,113
25,723
9,698
10,993
71,430
203,957
Depreciation and impairment
At 1 May 2024
86,113
20,518
3,702
7,212
45,530
163,075
Depreciation charged in the year
-
0
781
899
568
6,475
8,723
At 30 April 2025
86,113
21,299
4,601
7,780
52,005
171,798
Carrying amount
At 30 April 2025
-
0
4,424
5,097
3,213
19,425
32,159
At 30 April 2024
-
0
5,205
5,996
3,781
25,900
40,882
Ivymanor Limited
T/A Kitch & Co
Notes to the financial statements (continued)
For the year ended 30 April 2025
- 6 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
160,175
70,250
Other debtors
4,319
4,319
164,494
74,569
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
19,851
21,940
Trade creditors
116,522
74,441
Corporation tax
400
300
Other taxation and social security
420,600
252,862
Other creditors
657,247
566,884
1,214,620
916,427
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,484
21,505
Other creditors
4,080
9,320
5,564
30,825
7
Secured debts

The following secured debts are included within creditors:

- Hire purchase contracts £8,733 (2024: £14,560).

8
Related party transactions

The amount due to the director at 30 April 2025 was £404,874 (2024: £391,154).

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