CONTRAST KITCHENS LIMITED


Directors	CARSON, Alexander
	CARSON, Vivienne Antonine


Company Secretary	CARSON, Vivienne Antonine


Registered Address	James Watson House Montgomery Way
	Rosehill Industrial Estate
	Carlisle
	CA1 2UU


Registered Number	05943002 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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/or 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.

Turnover policy

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/or 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.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	15
	Vehicles	25
	Office Equipment	25

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognized immediately in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other 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.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	9		9

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 25	9,250	97,243	2,369	108,862
At 31 December 25	9,250	97,243	2,369	108,862
Depreciation and impairment
At 01 January 25	5,620	42,017	629	48,266
Charge for year	545	13,806	435	14,786
At 31 December 25	6,165	55,823	1,064	63,052
Net book value
At 31 December 25	3,085	41,420	1,305	45,810
At 31 December 24	3,630	55,226	1,740	60,596

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	61,500	60,615
Total	61,500	60,615

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	31,412	3,010
Other debtors	-	7,714
Prepayments and accrued income	-	2,492
Total	31,412	13,216

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	71,728	78,870
Bank borrowings and overdrafts	4,167	10,000
Taxation and social security	42,759	20,844
Finance lease and HP contracts	1,639	1,639
Other creditors	1,353	167
Accrued liabilities and deferred income	47,636	64,399
Total	169,282	175,919


	Finance lease and HP contracts are secured on the assets to which they relate.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	4,167
Other creditors	26,257	27,896
Total	26,257	32,063


	Other creditors includes £26,257 in relation to finance lease and HP contracts, which are secured on the assets to which they relate.

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	27,896		29,535

9.	Provisions for liabilities
	The provision for deferred tax arises from accelerated capital allowances on fixed assets and is as follows:

	2025	2024
	£	£
Net deferred tax liability (asset)	11,453	15,100
Total	11,453	15,100

10.	Pension commitments
	The pension cost charge represents contributions payable by the company to the fund and amounted to £4,459 (2025 - £4,146).

11.	Other commitments
	At 31 December 2025 the company had future minimum lease payments under non-cancellable operating leases of £2,613 (2024 - £6,843)

12.	Directors advances, credits and guarantees
	On 1 January 2025 the Directors owed the Company £7,714. During the period the directors were advanced £3,631 and repaid £12,500. As at 31 December 2025 the Company owed the Directors £1,155.

13.	Related party transactions
	During the period the company operated from a property owned by the directors rent free (2024 - same).

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		45,810		60,596
			45,810		60,596
Current assets
Stocks	4	61,500		60,615
Debtors	5	31,412		13,216
Cash at bank and on hand		133,709		101,915
		226,621		175,746
Creditors amounts falling due within one year	6	(169,282)		(175,919)
Net current assets (liabilities)			57,339		(173)
Total assets less current liabilities			103,149		60,423
Creditors amounts falling due after one year	7		(26,257)		(32,063)
Provisions for liabilities	9		(11,453)		(15,100)
Net assets			65,439		13,260
Capital and reserves
Called up share capital			200		200
Profit and loss account			65,239		13,060
Shareholders' funds			65,439		13,260