Charnwood Kitchens & Interiors Limited

Registered number

04649419

Filleted Accounts

28 February 2025

Charnwood Kitchens & Interiors Limited
Registered number:		04649419
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		146,928			228,317

Current assets
Stocks		80,000			60,000
Debtors	4	205,320			200,957
Cash at bank and in hand		192,114			68,994
		477,434			329,951

Creditors: amounts falling due within one year	5	(301,948)			(215,796)

Net current assets			175,486			114,155

Total assets less current liabilities			322,414			342,472

Creditors: amounts falling due after more than one year	6		(45,132)			(63,216)

Provisions for liabilities			(15,492)			(12,496)


Net assets			261,790			266,760

Capital and reserves
Called up share capital			10			10
Profit and loss account			261,780			266,750

Shareholders' funds			261,790			266,760

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.




M S Turrell
Director
Approved by the board on 27 November 2025

Charnwood Kitchens & Interiors Limited
Notes to the Accounts
for the year ended 28 February 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:


	Leasehold property alterations			over 20 years
	Plant and machinery, etc			25% reducing balance
	Motor vehicles			25% reducing balance

	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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases, including vehicle PCP contracts, are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					8		9


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 March 2024	80,000		217,086		201,476		498,562
	Additions	-		8,799		-		8,799
	Disposals	-		(128,612)		(88,148)		(216,760)
	At 28 February 2025	80,000		97,273		113,328		290,601

	Depreciation
	At 1 March 2024	40,000		180,098		50,147		270,245
	Charge for the year	4,000		11,168		43,874		59,042
	On disposals	-		(128,612)		(57,002)		(185,614)
	At 28 February 2025	44,000		62,654		37,019		143,673

	Net book value
	At 28 February 2025	36,000		34,619		76,309		146,928
	At 29 February 2024	40,000		36,988		151,329		228,317


4	Debtors					2025		2024
£							£

	Trade debtors					163,554		62,544
	Other debtors					41,766		138,413
						205,320		200,957


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

	Bank loans and overdrafts					10,000		10,000
	Obligations under finance lease and hire purchase contracts					8,818		71,035
	Trade creditors					124,293		96,800
	Taxation and social security costs					5,961		5,007
	Other creditors					152,876		32,954
						301,948		215,796


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					2,500		12,500
	Obligations under finance lease and hire purchase contracts					42,632		50,716
						45,132		63,216


7	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					100,630		-


8	Controlling party

	The company is controlled by the Turrell family.


9	Other information

	Charnwood Kitchens & Interiors Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Charnwood House
	Waterworks Road
	Coalville
	Leics
	LE67 4HZ