The Woodbridge Kitchen Company Limited,Ltd - AccountsLtd - Accounts

The Woodbridge Kitchen Company Limited,Ltd - AccountsLtd - Accounts

THE WOODBRIDGE KITCHEN COMPANY LIMITED - Company Information

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2016-04-01 09557052 2017-03-31 09557052 2016-04-01 2017-03-31 09557052 2016-03-31 09557052 2015-04-23 2016-03-31 09557052 uk-core:WithinOneYear 2016-03-31 09557052 uk-core:WithinOneYear 2017-03-31 09557052 uk-core:AfterOneYear 2016-03-31 09557052 uk-core:AfterOneYear 2017-03-31 09557052 uk-core:ShareCapital 2017-03-31 09557052 uk-core:ShareCapital 2016-03-31 09557052 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 09557052 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 09557052 uk-bus:Director1 2016-04-01 2017-03-31 09557052 uk-core:NetGoodwill 2016-04-01 2017-03-31 09557052 uk-core:PlantMachinery 2016-04-01 2017-03-31 09557052 uk-core:FurnitureFittings 2016-04-01 2017-03-31 09557052 uk-core:Goodwill 2016-03-31 09557052 uk-core:Goodwill 2017-03-31 09557052 uk-core:Goodwill 2016-04-01 2017-03-31 09557052 uk-core:FurnitureFittings 2016-03-31 09557052 uk-core:PlantMachinery 2016-03-31 09557052 uk-core:PlantMachinery 2017-03-31 09557052 uk-core:FurnitureFittings 2017-03-31 iso4217:GBP 09557052 uk-bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 09557052 uk-bus:FRS102 2016-04-01 2017-03-31 09557052 uk-bus:FullAccounts 2016-04-01 2017-03-31 09557052 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31
The Woodbridge Kitchen Company Limited
Registered Number:09557052
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2017
The Woodbridge Kitchen Company Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 31 March 2017
The Woodbridge Kitchen Company Limited
Statement of Financial Position
Registered Number :
09557052
£
£
2016
2017
Notes
Fixed assets
Intangible assets
25,667
32,667
2
Property, plant and equipment
3,591
1,876
3
29,258
34,543
Current assets
Inventories
68,060
53,287
4
Trade and other receivables
43,517
43,603
5
120,579
Cash and cash equivalents
155,670
252,560
232,156
Trade and other payables: amounts falling due within one
year
(225,596)
(228,916)
6
6,560
23,644
Net current assets
Total assets less current liabilities
52,902
41,103
Trade and other payables: amounts falling due after more
than one year
(15,000)
(13,661)
7
39,241
Net assets
26,103
Capital and reserves
Called up share capital
100
100
Retained earnings
39,141
26,003
39,241
26,103
Shareholders' funds
For the year ended 31 March 2017 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 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.
P N Venediger Director
These financial statements were approved and authorised for issue by the Board on 21 December 2017 and were signed by:
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4
For the year ended 31 March 2017
The Woodbridge Kitchen Company Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2017
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% per annum on cost
20% per annum on cost
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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6
For the year ended 31 March 2017
The Woodbridge Kitchen Company Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2016
35,000
At 31 March 2017
35,000
Amortisation
At 01 April 2016
2,333
7,000
Charge for year
At 31 March 2017
9,333
Net book value
At 31 March 2017
25,667
At 31 March 2016
32,667
3. Property, plant and equipment
Total
Fixtures and
fittings
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 April 2016
1,911
1,811
100
2,282
1,416
866
Additions
At 31 March 2017
966
3,227
4,193
Provision for depreciation and impairment
At 01 April 2016
35
28
7
Charge for year
567
483
84
At 31 March 2017
602
511
91
At 31 March 2017
Net book value
875
2,716
3,591
At 31 March 2016
93
1,783
1,876
4. Inventories
2016
2017
£
£
Stocks
53,287
68,060
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7
For the year ended 31 March 2017
The Woodbridge Kitchen Company Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2016
2017
£
£
Trade debtors
627
136
Other debtors
42,976
43,381
43,517
43,603
The debtors above include the following amounts falling due after more than one year:
Other debtors
27,000
27,000
6. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
42,361
34,084
Taxation and social security
11,890
15,340
Other creditors
174,665
176,172
228,916
225,596
7. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Other creditors
13,661
15,000
8. Related party transactions
P N Venediger - A shareholder and director, amount due to related party at the balance sheet date £2,380 (2016
£4,391).
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 £170,000 (2016 £170,000).
9. Transition to FRS 102
On the first time adpotion of FRS 102, the loan from Publishing Paper Solutions has been reclassified as a current
liability as there is no formal agreement for the loan.
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