The Horsell Kitchen Limited

The Horsell Kitchen Limited

THE HORSELL KITCHEN LIMITED - Company Information

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Company Registration No. 11616674 (England and Wales)
The Horsell Kitchen Limited Unaudited accounts for the year ended 31 October 2022
The Horsell Kitchen Limited Unaudited accounts Contents
Page
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The Horsell Kitchen Limited Company Information for the year ended 31 October 2022
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 2022
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 2022 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 loss 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 18 May 2023
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The Horsell Kitchen Limited Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
9,317 
10,616 
Tangible assets
5
4,661 
7,526 
13,978 
18,142 
Current assets
Inventories
4,485 
3,900 
Debtors
6
12,356 
2,384 
Cash at bank and in hand
4,696 
11,736 
21,537 
18,020 
Creditors: amounts falling due within one year
7
(26,814)
(19,233)
Net current liabilities
(5,277)
(1,213)
Total assets less current liabilities
8,701 
16,929 
Creditors: amounts falling due after more than one year
8
(7,750)
(10,750)
Provisions for liabilities
Deferred tax
(885)
(1,430)
Net assets
66 
4,749 
Capital and reserves
Called up share capital
9
100 
100 
Profit and loss account
(34)
4,649 
Shareholders' funds
66 
4,749 
For the year ending 31 October 2022 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 20 July 2023 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 2022
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 2022
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 2021
13,000 
At 31 October 2022
13,000 
Amortisation
At 1 November 2021
2,384 
Charge for the year
1,299 
At 31 October 2022
3,683 
Net book value
At 31 October 2022
9,317 
At 31 October 2021
10,616 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2021
13,083 
Additions
540 
At 31 October 2022
13,623 
Depreciation
At 1 November 2021
5,557 
Charge for the year
3,405 
At 31 October 2022
8,962 
Net book value
At 31 October 2022
4,661 
At 31 October 2021
7,526 
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The Horsell Kitchen Limited Notes to the Accounts for the year ended 31 October 2022
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,226 
2,384 
Other debtors
10,130 
- 
12,356 
2,384 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
3,000 
3,000 
VAT
8,066 
- 
Trade creditors
2,306 
1,658 
Taxes and social security
10,963 
11,768 
Loans from directors
- 
908 
Accruals
2,479 
1,899 
26,814 
19,233 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
7,750 
10,750 
9
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Operating lease commitments
2022 
2021 
£ 
£ 
At 31 October 2022 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
14,640 
Later than one year and not later than five years
- 
48,660 
Later than five years
- 
38,000 
- 
101,300 
11
Average number of employees
During the year the average number of employees was 6 (2021: 6).
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