KNIVES FOR CHEFS LTD - Filleted accounts

Registered number

07181142

KNIVES FOR CHEFS LTD

Filleted Accounts

31 July 2025

KNIVES FOR CHEFS LTD
Registered number:		07181142
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		883			1,177

Current assets
Stocks		53,458			42,231
Debtors	4	-			87
Cash at bank and in hand		5,773			1,017
		59,231			43,335

Creditors: amounts falling due within one year	5	(89,559)			(75,906)

Net current liabilities			(30,328)			(32,571)

Net liabilities			(29,445)			(31,394)

Capital and reserves
Called up share capital			2			2
Profit and loss account			(29,447)			(31,396)

Shareholders' funds			(29,445)			(31,394)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J A Adams
Director
Approved by the board on 24 April 2026

KNIVES FOR CHEFS LTD
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	-		-


3	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	At 1 August 2024			3,722
	At 31 July 2025			3,722

	Depreciation
	At 1 August 2024			2,545
	Charge for the year			294
	At 31 July 2025			2,839

	Net book value
	At 31 July 2025			883
	At 31 July 2024			1,177


4	Debtors	2025		2024
£			£

	Trade debtors	-		87


5	Creditors: amounts falling due within one year	2025		2024
£			£

	Trade creditors	8,408		1,362
	Amounts owed to group undertakings and undertakings in which the company has a participating interest	29,716		29,716
	Taxation and social security costs	3,142		312
	Directors Current Account	47,573		43,796
	Accruals	720		720
		89,559		75,906


6	Other information

	KNIVES FOR CHEFS LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Raydean House
	15 Western Parade
	Barnet
	Herts
	EN5 1AH