The Horsell Kitchen Limited

The Horsell Kitchen Limited

THE HORSELL KITCHEN LIMITED - Company Information

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1 November 2019 false No description of principal activity Taxfiler 2021.7 11616674business:PrivateLimitedCompanyLtd2019-11-012020-10-31 116166742019-10-31 116166742019-11-012020-10-31 11616674business:AuditExemptWithAccountantsReport2019-11-012020-10-31 11616674business:FullAccounts2019-11-012020-10-31 116166742020-10-31 11616674business:Director12019-11-012020-10-31 11616674business:Director22019-11-012020-10-31 11616674business:RegisteredOffice2019-11-012020-10-31 116166742019-10-31 11616674core:WithinOneYear2020-10-31 11616674core:WithinOneYear2019-10-31 11616674core:AfterOneYear2020-10-31 11616674core:AfterOneYear2019-10-31 11616674core:ShareCapital2020-10-31 11616674core:ShareCapital2019-10-31 11616674core:RetainedEarningsAccumulatedLosses2020-10-31 11616674core:RetainedEarningsAccumulatedLosses2019-10-31 11616674business:SmallEntities2019-11-012020-10-31 11616674countries:EnglandWales2019-11-012020-10-31 11616674core:PlantMachinery2019-11-012020-10-31 11616674core:IntangibleAssetsOtherThanGoodwill2019-10-31 11616674core:IntangibleAssetsOtherThanGoodwill2019-11-012020-10-31 11616674core:IntangibleAssetsOtherThanGoodwill2020-10-31 11616674core:PlantMachinery2019-10-31 11616674core:PlantMachinery2020-10-31 11616674business:OrdinaryShareClass12019-11-012020-10-31 11616674business:OrdinaryShareClass12018-10-112019-10-31 11616674core:BetweenOneFiveYears2020-10-31 11616674core:BetweenOneFiveYears2019-10-31 11616674core:MoreThanFiveYears2020-10-31 11616674core:MoreThanFiveYears2019-10-31 116166742018-10-112019-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11616674 (England and Wales)
The Horsell Kitchen Limited Unaudited accounts for the year ended 31 October 2020
The Horsell Kitchen Limited Unaudited accounts Contents
Page
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The Horsell Kitchen Limited Company Information for the year ended 31 October 2020
Directors
Mr J G Hodgson Mrs J K Hodgson
Company Number
11616674 (England and Wales)
Registered Office
8 Ormonde Road Woking Surrey GU21 4RZ
Accountants
Ruffett Accountancy Hillside Lodge Ridgeway Woking Surrey GU21 4QP
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of The Horsell Kitchen Limited for the year ended 31 October 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Horsell Kitchen Limited for the year ended 31 October 2020 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of The Horsell Kitchen Limited, as a body, in accordance with the terms of our engagement letter dated 23 January 2020. Our work has been undertaken solely to prepare for your approval the accounts of The Horsell Kitchen Limited and state those matters that we have agreed to state to the Board of Directors of The Horsell Kitchen Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Horsell Kitchen Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The Horsell Kitchen Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Horsell Kitchen Limited. You consider that The Horsell Kitchen Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The Horsell Kitchen Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Ruffett Accountancy Chartered Certified Accountants Hillside Lodge Ridgeway Woking Surrey GU21 4QP 31 May 2021
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The Horsell Kitchen Limited Statement of financial position as at 31 October 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
12,097 
- 
Tangible assets
5
6,859 
- 
18,956 
- 
Current assets
Inventories
2,100 
- 
Debtors
6
3,868 
- 
Cash at bank and in hand
7,894 
1,549 
13,862 
1,549 
Creditors: amounts falling due within one year
7
(10,099)
(1,430)
Net current assets
3,763 
119 
Total assets less current liabilities
22,719 
119 
Creditors: amounts falling due after more than one year
8
(15,000)
- 
Provisions for liabilities
Deferred tax
(1,303)
- 
Net assets
6,416 
119 
Capital and reserves
Called up share capital
9
100 
100 
Profit and loss account
6,316 
19 
Shareholders' funds
6,416 
119 
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2021 and were signed on its behalf by
Mrs J K Hodgson Director Company Registration No. 11616674
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The Horsell Kitchen Limited Notes to the Accounts for the year ended 31 October 2020
1
Statutory information
The Horsell Kitchen Limited is a private company, limited by shares, registered in England and Wales, registration number 11616674. The registered office is 8 Ormonde Road, Woking, Surrey, GU21 4RZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover
Turnover represents sales of food, drink and catering services, exclusive of VAT.
Intangible fixed assets
Intangible fixed assets (including purchased lease premium) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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The Horsell Kitchen Limited Notes to the Accounts for the year ended 31 October 2020
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2019
- 
Additions
13,000 
At 31 October 2020
13,000 
Amortisation
At 1 November 2019
- 
Charge for the year
903 
At 31 October 2020
903 
Net book value
At 31 October 2020
12,097 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2019
- 
Additions
9,145 
At 31 October 2020
9,145 
Depreciation
Charge for the year
2,286 
At 31 October 2020
2,286 
Net book value
At 31 October 2020
6,859 
6
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
VAT
1,386 
- 
Trade debtors
2,482 
- 
3,868 
- 
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The Horsell Kitchen Limited Notes to the Accounts for the year ended 31 October 2020
7
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Taxes and social security
7,569 
2,162 
Loans from directors
850 
(1,732)
Accruals
1,680 
1,000 
10,099 
1,430 
8
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Bank loans
15,000 
- 
9
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Operating lease commitments
2020 
2019 
£ 
£ 
At 31 October 2020 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
14,640 
- 
Within two to five years
51,300 
- 
More than five years
50,000 
- 
115,940 
- 
11
Average number of employees
During the year the average number of employees was 4 (2019: 2).
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