Kitchencentro Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06920663 (England and Wales)

Unaudited Financial Statements

for the Period 6th April 2016 to 31st March 2017

for

Kitchencentro Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr R W Clark

Mrs D Clark

REGISTERED OFFICE:

14 Railway Street

Chelmsford

Essex

CM1 1QS

REGISTERED NUMBER:

06920663 (England and Wales)

ACCOUNTANTS:

Leggatt Bell Ltd

14 Railway Street

Chelmsford

Essex

CM1 1QS

The following reproduces the text of the report prepared for the directors in respect of the Company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the Company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Kitchencentro Limited for the period ended 31st March 2017 which

comprise the Profit and loss account, Balance Sheet and the related notes 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 http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Kitchencentro Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kitchencentro Limited and state those matters that we have agreed to state to the Board of Directors of Kitchencentro 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/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kitchencentro Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kitchencentro Limited. You consider that Kitchencentro Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Kitchencentro 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 financial statements.

Leggatt Bell Ltd

14 Railway Street

Chelmsford

Essex

CM1 1QS

20th April 2018

FIXED ASSETS

Tangible assets

4

14,865

18,890

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

5

12,460

9,754

14,460

11,754

CREDITORS

Amounts falling due within one year

6

24,825

28,722

NET CURRENT LIABILITIES

(10,365

)

(16,968

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,500

1,922

CREDITORS

Amounts falling due after more than one year

7

13,484

7,378

NET LIABILITIES

(8,984

)

(5,456

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(9,084

)

(5,556

)

SHAREHOLDERS' FUNDS

(8,984

)

(5,456

)

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2017.

The members have not required the Company to obtain an audit of its financial statements for the period ended 31st March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 20th April 2018 and were signed on its behalf by:

Mr R W Clark - Director

1.	STATUTORY INFORMATION

Kitchencentro 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss

account, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the period end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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 period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6th April 2016

27,549

Additions

290

At 31st March 2017

27,839

DEPRECIATION

At 6th April 2016

8,659

Charge for period

4,315

At 31st March 2017

12,974

NET BOOK VALUE

At 31st March 2017

14,865

At 5th April 2016

18,890

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 6th April 2016

and 31st March 2017

17,614

DEPRECIATION

At 6th April 2016

2,643

Charge for period

2,642

At 31st March 2017

5,285

NET BOOK VALUE

At 31st March 2017

12,329

At 5th April 2016

14,971

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

5/4/16

£

£

Trade debtors

12,460

9,754

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

5/4/16

£

£

Bank loans and overdrafts

7,952

2,753

Hire purchase contracts

3,554

3,285

Trade creditors

1,970

1,275

Taxation and social security

7,986

18,444

Other creditors

3,363

2,965

24,825

28,722

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/17

5/4/16

£

£

Hire purchase contracts

3,784

7,378

Other creditors

9,700

-

13,484

7,378

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 31st March 2017

and 5th April 2016:

31/3/17

5/4/16

£

£

Mr R W Clark

Balance outstanding at start of period

1,370

1,370

Amounts advanced

21,663

-

Amounts repaid

(21,248

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

1,785

1,370

Mrs D Clark

Balance outstanding at start of period

33

33

Amounts repaid

(30

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

3

33

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr R W Clark.