KITCHEN REVOLUTIONS LTD - Filleted accounts

KITCHEN REVOLUTIONS LTD - Filleted accounts


Registered number
09186830
KITCHEN REVOLUTIONS LTD
Filleted Accounts
31 August 2018
KITCHEN REVOLUTIONS LTD
Registered number: 09186830
Balance Sheet
as at 31 August 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 7,925 9,665
Current assets
Stocks 25,000 -
Debtors 3 - 40,835
Cash at bank and in hand 61,794 93,547
86,794 134,382
Creditors: amounts falling due within one year 4 (92,248) (139,573)
Net current liabilities (5,454) (5,191)
Net assets 2,471 4,474
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,371 4,374
Shareholder's funds 2,471 4,474
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
A Zmijewska
Director
Approved by the board on 24 May 2019
KITCHEN REVOLUTIONS LTD
Notes to the Accounts
for the year ended 31 August 2018
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 18% reducing balance
2 Tangible fixed assets
Motor vehicles
£
Cost
At 1 September 2017 16,298
At 31 August 2018 16,298
Depreciation
At 1 September 2017 6,633
Charge for the year 1,740
At 31 August 2018 8,373
Net book value
At 31 August 2018 7,925
At 31 August 2017 9,665
3 Debtors 2018 2017
£ £
Trade debtors - 40,835
4 Creditors: amounts falling due within one year 2018 2017
£ £
Director current account 76,806 119,470
Taxation and social security costs 15,442 20,103
92,248 139,573
5 Other information
KITCHEN REVOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
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