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REGISTERED NUMBER: 04670886 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

KNW Group Limited

KNW Group Limited (Registered number: 04670886)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KNW Group Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: K C Keene





SECRETARY:





REGISTERED OFFICE: Keward Park
Glastonbury Road
Wells
Somerset
BA5 1QE





REGISTERED NUMBER: 04670886 (England and Wales)





ACCOUNTANTS: OCL Accountancy
141 Englishcombe Lane
Bath
BA2 2EL

KNW Group Limited (Registered number: 04670886)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 444,670 270,273
444,670 270,273

CURRENT ASSETS
Debtors 6 76,731 68,438
Cash at bank 76 13,683
76,807 82,121
CREDITORS
Amounts falling due within one year 7 413,931 219,420
NET CURRENT LIABILITIES (337,124 ) (137,299 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,546

132,974

CREDITORS
Amounts falling due after more than one year 8 (44,585 ) (82,212 )

PROVISIONS FOR LIABILITIES (43,554 ) (28,589 )
NET ASSETS 19,407 22,173

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 19,207 21,973
SHAREHOLDERS' FUNDS 19,407 22,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 28 September 2023 and were signed by:





K C Keene - Director


KNW Group Limited (Registered number: 04670886)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

KNW Group 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Land and buildings - 25% on cost
Plant and machinery etc - 20% on reducing balance and 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred 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 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

KNW Group Limited (Registered number: 04670886)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 2,000
AMORTISATION
At 1 April 2022
and 31 March 2023 2,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 119,804 527,266 647,070
Additions - 226,301 226,301
At 31 March 2023 119,804 753,567 873,371
DEPRECIATION
At 1 April 2022 119,804 256,993 376,797
Charge for year - 51,904 51,904
At 31 March 2023 119,804 308,897 428,701
NET BOOK VALUE
At 31 March 2023 - 444,670 444,670
At 31 March 2022 - 270,273 270,273

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

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 63,339
DEPRECIATION
At 1 April 2022 6,330
Charge for year 5,698
At 31 March 2023 12,028
NET BOOK VALUE
At 31 March 2023 51,311
At 31 March 2022 57,009

KNW Group Limited (Registered number: 04670886)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 21,871 18,438
Other debtors 54,860 50,000
76,731 68,438

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 27,257 10,000
Hire purchase contracts 20,724 21,141
Trade creditors 210,569 141,572
Taxation and social security (3,509 ) (1,786 )
Other creditors 158,890 48,493
413,931 219,420

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,689 31,667
Hire purchase contracts 21,896 50,545
44,585 82,212

9. ULTIMATE CONTROLLING PARTY

The controlling party is K C Keene.