The Clarendon Kitchen Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05733317 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

The Clarendon Kitchen Company Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D P Cox

REGISTERED OFFICE:

Unit 17

Penfold Drive

Wymondham

Norfolk

NR18 0WZ

REGISTERED NUMBER:

05733317 (England and Wales)

ACCOUNTANTS:

Farnell Clarke Limited

Evolution House

Delft Way

Norwich Airport

Norwich

Norfolk

NR6 6BB

FIXED ASSETS

Property, plant and equipment

4

6,536

9,632

CURRENT ASSETS

Inventories

6,500

6,500

Debtors

5

31,586

49,021

38,086

55,521

CREDITORS

Amounts falling due within one year

6

104,320

107,708

NET CURRENT LIABILITIES

(66,234

)

(52,187

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(59,698

)

(42,555

)

CREDITORS

Amounts falling due after more than one year

7

665

2,327

NET LIABILITIES

(60,363

)

(44,882

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(60,365

)

(44,884

)

SHAREHOLDERS' FUNDS

(60,363

)

(44,882

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 17 December 2019 and were signed by:

Mr D P Cox - Director

1.	STATUTORY INFORMATION

The Clarendon Kitchen Company Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on cost and 25% on reducing balance

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2018

and 31 March 2019

12,545

8,580

803

21,928

DEPRECIATION

At 1 April 2018

3,635

8,210

451

12,296

Charge for year

2,664

219

213

3,096

At 31 March 2019

6,299

8,429

664

15,392

NET BOOK VALUE

At 31 March 2019

6,246

151

139

6,536

At 31 March 2018

8,910

370

352

9,632

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2018

and 31 March 2019

6,995

DEPRECIATION

At 1 April 2018

2,951

Charge for year

1,011

At 31 March 2019

3,962

NET BOOK VALUE

At 31 March 2019

3,033

At 31 March 2018

4,044

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

2,924

3,826

Other debtors

12,480

12,360

Directors' current accounts

13,807

30,643

Prepayments

2,375

2,192

31,586

49,021

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

12,243

18,702

Other loans

5,000

3,976

Hire purchase contracts

1,644

1,824

Trade creditors

44,295

60,738

Tax

3,951

3,898

Social security and other taxes

7,297

6,305

VAT

11,013

9,933

Other creditors

2,770

1,905

Accruals and deferred income

16,107

427

104,320

107,708

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

665

2,327

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

2

Ordinary

£1

2

2

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

31.3.19

31.3.18

£

£

Mr D P Cox

Balance outstanding at start of year

30,643

45,978

Amounts advanced

31,022

27,285

Amounts repaid

(47,858

)

(42,620

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,807

30,643

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D P Cox.