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REGISTERED NUMBER: 06330608 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

Knightime Limited

Knightime Limited (Registered number: 06330608)






Contents of the Financial Statements
for the year ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Knightime Limited

Company Information
for the year ended 31 December 2022







DIRECTORS: G R Barrow
Mrs L Barrow



SECRETARY: Mrs L Barrow



REGISTERED OFFICE: 5 Albany Road
Earlsdon
Coventry
West Midlands
CV5 6JQ



BUSINESS ADDRESS: 59 Melbourne Road
Coventry
West Midlands
CV5 6JN



REGISTERED NUMBER: 06330608 (England and Wales)



BANKERS: Barclays Bank
513 Fletchamstead Highway
Coventry
West Midlands
CV4 9EJ

Knightime Limited (Registered number: 06330608)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,406 15,406

CURRENT ASSETS
Stocks 5 - 400
Debtors 6 44,311 44,311
Cash at bank and in hand 104,465 104,465
148,776 149,176
CREDITORS
Amounts falling due within one year 7 64,732 64,732
NET CURRENT ASSETS 84,044 84,444
TOTAL ASSETS LESS CURRENT LIABILITIES 99,450 99,850

CREDITORS
Amounts falling due after more than one
year

8

43,470

43,470
NET ASSETS 55,980 56,380

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 55,979 56,379
SHAREHOLDERS' FUNDS 55,980 56,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Knightime Limited (Registered number: 06330608)

Balance Sheet - continued
31 December 2022


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 Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





G R Barrow - Director


Knightime Limited (Registered number: 06330608)

Notes to the Financial Statements
for the year ended 31 December 2022

1. STATUTORY INFORMATION

Knightime 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools & Equipment - 10% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Tools & Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 January 2022
and 31 December 2022 26,096 83,407 109,503
DEPRECIATION
At 1 January 2022
and 31 December 2022 21,931 72,166 94,097
NET BOOK VALUE
At 31 December 2022 4,165 11,241 15,406
At 31 December 2021 4,165 11,241 15,406

Knightime Limited (Registered number: 06330608)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

5. STOCKS
2022 2021
£    £   
Stocks - 400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 44,311 44,311

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 7,393 7,393
Trade creditors 29,198 29,198
Tax 7,925 7,925
PAYE account 18,262 18,262
VAT 1,304 1,304
Accruals 650 650
64,732 64,732

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bounce back loan 43,470 43,470