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THE WOODBRIDGE KITCHEN COMPANY LIMITED - Company Information

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The Woodbridge Kitchen Company Limited

Registered Number:09557052

For the year ended 31 March 2020

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2020

The Woodbridge Kitchen Company Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

09557052

As at 31 March 2020

The Woodbridge Kitchen Company Limited

Statement of Financial Position

2019

2020

Notes

Fixed assets

Intangible assets

4,667

11,667

Property, plant and equipment

10,594

13,162

15,261

24,829

Current assets

Inventories

52,707

54,927

Trade and other receivables

64,140

44,262

193,007

Cash and cash equivalents

270,902

370,091

309,854

Trade and other payables: amounts falling due within one

year

(260,492)

(257,566)

49,362

112,525

Net current assets

Total assets less current liabilities

127,786

74,191

Trade and other payables: amounts falling due after more

than one year

(13,661)

(2,013)

Provisions for liabilities

112,112

Net assets

60,530

Capital and reserves

Called up share capital

100

Retained earnings

112,012

60,430

112,112

60,530

Shareholders' funds

For the year ended 31 March 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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Registered Number :

09557052

For the year ended 31 March 2020

The Woodbridge Kitchen Company Limited

Statement of Financial Position Continued

P N Venediger Director

These financial statements were approved and authorised for issue by the Board on 23 December 2020 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2020

The Woodbridge Kitchen Company Limited

Notes to the Financial Statements

Statutory Information

The Woodbridge Kitchen Company Limited is a private limited company, limited by shares, domiciled in England and

Wales, registration number 09557052.

Registered address:

79A Thoroughfare

Woodbridge

Suffolk

IP12 1AW

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of 5 years.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

20% Straight line

33.33% Straight line

Computer Equipment

20% Reducing balance

Motor Vehicles

20% Straight line

Fixtures and fittings

Inventories

Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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For the year ended 31 March 2020

The Woodbridge Kitchen Company Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 April 2019

35,000

At 31 March 2020

35,000

Amortisation

At 01 April 2019

23,333

7,000

Charge for year

At 31 March 2020

30,333

Net book value

At 31 March 2020

4,667

At 31 March 2019

11,667

3. Property, plant and equipment

Total

Computer

Equipment

Fixtures and

fittings

Motor

Vehicles

Plant and

Machinery

Cost or

valuation

At 01 April 2019

20,710

4,218

15,249

1,243

756

612

Additions

(255)

(127)

Disposals

(382)

At 31 March 2020

15,249

4,038

612

21,084

1,185

Provision for depreciation and impairment

At 01 April 2019

7,548

1,810

5,286

452

Charge for year

3,175

154

799

1,993

229

(233)

(157)

(76)

On disposal

At 31 March 2020

10,490

154

2,452

7,279

605

At 31 March 2020

Net book value

580

7,970

1,586

458

10,594

At 31 March 2019

791

9,963

2,408

13,162

4. Inventories

2019

2020

Stocks

54,927

52,707

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For the year ended 31 March 2020

The Woodbridge Kitchen Company Limited

Notes to the Financial Statements Continued

5. Trade and other receivables

2019

2020

Trade debtors

181

1,146

Other debtors

44,081

62,994

64,140

44,262

The debtors above include the following amounts falling due after more than one year:

Other debtors

27,000

6. Trade and other payables: amounts falling due within one year

2019

2020

Trade creditors

49,193

70,934

Taxation and social security

23,927

13,067

Other creditors

184,446

176,491

257,566

260,492

7. Trade and other payables: amounts falling due after more than one year

2019

2020

Other creditors

13,661

8. Related party transactions

P N Venediger - A shareholder and director, amount due to related party at the balance sheet date £4,125 (2019

£3,852).

K Torrance - A shareholder and director, amount due to related party at the balance sheet date £87 (2019 £0).

Publishing Paper Solutions Limited - A company owned wholly by Mr P Venediger. No interest is chargeable on this

loan,amount due to related party at the balance sheet date £174,714 (2019 £170,000).

9. Average number of persons employed

During the year the average number of employees was 11 (2019 : 11)

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