Registration number: 11844751

Nu Kitchen Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Nu Kitchen Limited

Company Information

Directors

Mr Nicholas McColgan Mrs Melanie McColgan

Registered office

Unit 1C Thatcham Garden Centre Bath Road Thatcham RG18 3AN

Accountants

Wheeler & Co Limited The Shrubbery 14 Church Street Whitchurch Hampshire RG28 7AB

Nu Kitchen Limited

(Registration number: 11844751)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	49,807	60,786
Current assets
Stocks	5	66,420	28,171
Debtors	6	24,224	21,090
Cash at bank and in hand		35,616	8,167
		126,260	57,428
Creditors: Amounts falling due within one year	7	(64,818)	(57,935)
Net current assets/(liabilities)		61,442	(507)
Total assets less current liabilities		111,249	60,279
Creditors: Amounts falling due after more than one year	7	(131,838)	(160,548)
Provisions for liabilities		(9,961)	-
Net liabilities		(30,550)	(100,269)
Capital and reserves
Called up share capital	8	2	2
Retained earnings		(30,552)	(100,271)
Shareholders' deficit		(30,550)	(100,269)

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 May 2026 and signed on its behalf by:
 

......................................... Mr Nicholas McColgan Director

Nu Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

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:
Unit 1C
Thatcham Garden Centre
Bath Road
Thatcham
RG18 3AN

These financial statements were authorised for issue by the Board on 20 May 2026.

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 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.

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.

Nu Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

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
Motor vehicles	20% straight line
Plant and Machinery	25% reducing balance and 25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Nu Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

4	Tangible assets

	Long leasehold land and buildings £	Fixtures and fittings £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 September 2024	47,956	780	1,149	22,995
At 31 August 2025	47,956	780	1,149	22,995
Depreciation
At 1 September 2024	11,316	406	372	-
Charge for the year	6,020	195	165	4,599
At 31 August 2025	17,336	601	537	4,599
Carrying amount
At 31 August 2025	30,620	179	612	18,396
At 31 August 2024	36,640	374	777	22,995

Nu Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

	Total £
Cost or valuation
At 1 September 2024	72,880
At 31 August 2025	72,880
Depreciation
At 1 September 2024	12,094
Charge for the year	10,979
At 31 August 2025	23,073
Carrying amount
At 31 August 2025	49,807
At 31 August 2024	60,786

Included within the net book value of land and buildings above is £30,620 (2024 - £36,640) in respect of long leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Work in progress	28,711	-
Other inventories	37,709	28,171
	66,420	28,171

6

Debtors

Current	2025 £	2024 £
Trade debtors	8,414	-
Prepayments	14,488	13,780
Other debtors	1,322	7,310
	24,224	21,090

Nu Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	(6,817)	8,438
Taxation and social security	13,075	4,550
Accruals and deferred income	58,319	43,862
Other creditors	241	1,085
	64,818	57,935

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	131,838	160,548

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A Shares of £1 each	1	1	1	1
Ordinary B Shares of £1 each	1	1	1	1
	2	2	2	2

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	131,838	160,548

10	Related party transactions

Nu Kitchen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	14,096	2,274

Loans from related parties

2025	Entities with joint control or significant influence £	Total £
At start of period	160,547	160,547
Repaid	(28,709)	(28,709)
At end of period	131,838	131,838

Terms of loans from related parties

The other creditor is a loan from Snug Kitchens Design Ltd a company in which Mr McColgan is a director and shareholder