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REGISTERED NUMBER: 07177077 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Knex Architectural Ironmongery Ltd

Knex Architectural Ironmongery Ltd (Registered number: 07177077)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 2


Knex Architectural Ironmongery Ltd (Registered number: 07177077)

Abridged Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 92,225 72,785

CURRENT ASSETS
Stocks 19,751 25,690
Debtors 185,238 198,259
Cash at bank and in hand 329,713 273,084
534,702 497,033
CREDITORS
Amounts falling due within one year 153,294 146,402
NET CURRENT ASSETS 381,408 350,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,633

423,416

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 473,533 423,316
SHAREHOLDERS' FUNDS 473,633 423,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 13 November 2018 and were signed on its behalf
by:





Mr M Tofield - Director


Knex Architectural Ironmongery Ltd (Registered number: 07177077)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Knex Architectural Ironmongery Ltd is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address are as below:

Registered number: 07177077

Registered office: Kings Lodge
London Road
West Kingsdown
Sevenoaks
Kent
TN15 6AR

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Sales comprise the fair value of the consideration received or receivable for the sale of rendering of services in
the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and
discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that
future economic benefits will flow to the entity and when specific criteria have been met for each of the
company's activities as follows:

Revenue from the sale of services is recognised at the point at which those services have been provided to the
customer. Where payments are received from customers in advance of services provided, the amounts are
recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net
realisable value represents estimated selling price less costs to sell. Provision is made for slow moving, obsolete
and damaged stock where net realisable value is less than cost.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, 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 that have been enacted
or substantively enacted by the balance sheet date.

Deferred tax has not been provided for as it is deemed there are no timing differenecs which have originated but
not reversed at the balance sheet date.

Knex Architectural Ironmongery Ltd (Registered number: 07177077)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017 115,748
Additions 104,077
Disposals (68,990 )
At 31 March 2018 150,835
DEPRECIATION
At 1 April 2017 42,963
Charge for year 32,895
Eliminated on disposal (17,248 )
At 31 March 2018 58,610
NET BOOK VALUE
At 31 March 2018 92,225
At 31 March 2017 72,785