Kitchen Workshop Limited - Accounts to registrar - small 16.3d

Kitchen Workshop Limited - Accounts to registrar - small 16.3d

KITCHEN WORKSHOP LIMITED - Company Information

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REGISTERED NUMBER: 07350054 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

KITCHEN WORKSHOP LIMITED

KITCHEN WORKSHOP LIMITED (REGISTERED NUMBER: 07350054)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


KITCHEN WORKSHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTOR: Mr D Hunt





REGISTERED OFFICE: Long Lane
Newport
Isle of Wight
PO30 2NW





REGISTERED NUMBER: 07350054 (England and Wales)





ACCOUNTANTS: Garbetts (IOW) Limited
Exchange House
St Cross Lane
Newport
Isle of Wight
PO30 5BZ
Page 1
KITCHEN WORKSHOP LIMITED (REGISTERED NUMBER: 07350054)

BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,419 3,334

CURRENT ASSETS
Stocks 6,423 5,668
Debtors 5 35,089 27,638
Cash at bank 107,797 226,119
149,309 259,425
CREDITORS
Amounts falling due within one year 6 89,385 180,312
NET CURRENT ASSETS 59,924 79,113
TOTAL ASSETS LESS CURRENT LIABILITIES 64,343 82,447

PROVISIONS FOR LIABILITIES 884 667
NET ASSETS 63,459 81,780

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 63,359 81,680
SHAREHOLDERS' FUNDS 63,459 81,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 notes form part of these financial statements

Page 2 continued...
KITCHEN WORKSHOP LIMITED (REGISTERED NUMBER: 07350054)

BALANCE SHEET - continued
31 MARCH 2016


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 2 December 2016 and were signed by:





Mr D Hunt - Director


The notes form part of these financial statements

Page 3
KITCHEN WORKSHOP LIMITED (REGISTERED NUMBER: 07350054)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016


1. STATUTORY INFORMATION

Kitchen Workshop 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 the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 .

Page 4 continued...
KITCHEN WORKSHOP LIMITED (REGISTERED NUMBER: 07350054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2016


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2015 7,850
Additions 2,558
At 31 March 2016 10,408
DEPRECIATION
At 1 April 2015 4,516
Charge for year 1,473
At 31 March 2016 5,989
NET BOOK VALUE
At 31 March 2016 4,419
At 31 March 2015 3,334

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 34,655 25,712
Other debtors 434 1,926
35,089 27,638

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Payments on account 20,675 67,421
Trade creditors 15,995 59,671
Taxation and social security 38,121 38,886
Other creditors 14,594 14,334
89,385 180,312

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Hunt.

Page 5