REGISTERED NUMBER: |
CHINA KNOT LIMITED |
Financial Statements |
for the Year Ended 31 March 2022 |
REGISTERED NUMBER: |
CHINA KNOT LIMITED |
Financial Statements |
for the Year Ended 31 March 2022 |
CHINA KNOT LIMITED (REGISTERED NUMBER: 08599827) |
Contents of the Financial Statements |
for the year ended 31 March 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
CHINA KNOT LIMITED |
Company Information |
for the year ended 31 March 2022 |
Director: |
Registered office: |
Registered number: |
CHINA KNOT LIMITED (REGISTERED NUMBER: 08599827) |
Balance Sheet |
31 March 2022 |
2022 | 2021 |
Notes | £ | £ |
Current assets |
Debtors | 4 |
Cash at bank |
Creditors |
Amounts falling due within one year | 5 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
6 |
Net assets/(liabilities) | ( |
) |
Capital and reserves |
Called up share capital | 7 |
Retained earnings | 8 | ( |
) |
Shareholders' funds | ( |
) |
The director acknowledges her 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. |
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 and authorised for issue on |
CHINA KNOT LIMITED (REGISTERED NUMBER: 08599827) |
Notes to the Financial Statements |
for the year ended 31 March 2022 |
1. | Statutory information |
China Knot Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover represents amounts receivable for services provided in the year and is stated net of VAT. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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. |
Going concern |
The director acknowledges the current outbreak of COVID-19 which is causing economic disruption in most countries and its potentially adverse economic impact on the Company. This is an additional risk factor which could impact the operations of the Company after year end. |
The director is actively monitoring developments closely. Given the nature of the outbreak and the on-going developments, there is a high degree of uncertainty and it is not possible at this time to predict the extent and nature of the overall future impact on the Company. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Other debtors |
5. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
Tax |
VAT | 3,060 | 905 |
Directors' current accounts | - | 3,876 |
CHINA KNOT LIMITED (REGISTERED NUMBER: 08599827) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2022 |
6. | Creditors: amounts falling due after more than one year |
2022 | 2021 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 11,425 | 15,000 |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary | 1 | 100 | 100 |
8. | Reserves |
Retained |
earnings |
£ |
At 1 April 2021 | ( |
) |
Profit for the year |
Dividends | ( |
) |
At 31 March 2022 |