2022-02-012023-01-312023-01-31falseNI004627James Knox & Sons Limited2023-10-0346730iso4217:GBPxbrli:pureNI0046272022-02-01NI0046272023-01-31NI0046272022-02-012023-01-31NI0046272021-02-01NI0046272022-01-31NI0046272021-02-012022-01-31NI004627bus:SmallEntities2022-02-012023-01-31NI004627bus:AuditExempt-NoAccountantsReport2022-02-012023-01-31NI004627bus:FullAccounts2022-02-012023-01-31NI004627bus:PrivateLimitedCompanyLtd2022-02-012023-01-31NI004627core:WithinOneYear2023-01-31NI004627core:AfterOneYear2023-01-31NI004627core:WithinOneYear2022-01-31NI004627core:AfterOneYear2022-01-31NI004627core:ShareCapital2023-01-31NI004627core:SharePremium2023-01-31NI004627core:RevaluationReserve2023-01-31NI004627core:OtherReservesSubtotal2023-01-31NI004627core:RetainedEarningsAccumulatedLosses2023-01-31NI004627core:ShareCapital2022-01-31NI004627core:SharePremium2022-01-31NI004627core:RevaluationReserve2022-01-31NI004627core:OtherReservesSubtotal2022-01-31NI004627core:RetainedEarningsAccumulatedLosses2022-01-31NI004627core:LandBuildings2023-01-31NI004627core:PlantMachinery2023-01-31NI004627core:Vehicles2023-01-31NI004627core:FurnitureFittings2023-01-31NI004627core:OfficeEquipment2023-01-31NI004627core:NetGoodwill2023-01-31NI004627core:IntangibleAssetsOtherThanGoodwill2023-01-31NI004627core:ListedExchangeTraded2023-01-31NI004627core:UnlistedNon-exchangeTraded2023-01-31NI004627core:LandBuildings2022-01-31NI004627core:PlantMachinery2022-01-31NI004627core:Vehicles2022-01-31NI004627core:FurnitureFittings2022-01-31NI004627core:OfficeEquipment2022-01-31NI004627core:NetGoodwill2022-01-31NI004627core:IntangibleAssetsOtherThanGoodwill2022-01-31NI004627core:ListedExchangeTraded2022-01-31NI004627core:UnlistedNon-exchangeTraded2022-01-31NI004627core:LandBuildings2022-02-012023-01-31NI004627core:PlantMachinery2022-02-012023-01-31NI004627core:Vehicles2022-02-012023-01-31NI004627core:FurnitureFittings2022-02-012023-01-31NI004627core:OfficeEquipment2022-02-012023-01-31NI004627core:NetGoodwill2022-02-012023-01-31NI004627core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-31NI004627core:ListedExchangeTraded2022-02-012023-01-31NI004627core:UnlistedNon-exchangeTraded2022-02-012023-01-31NI004627core:MoreThanFiveYears2022-02-012023-01-31NI004627core:Non-currentFinancialInstruments2023-01-31NI004627core:Non-currentFinancialInstruments2022-01-31NI004627dpl:CostSales2022-02-012023-01-31NI004627dpl:DistributionCosts2022-02-012023-01-31NI004627dpl:AdministrativeExpenses2022-02-012023-01-31NI004627core:LandBuildings2022-02-012023-01-31NI004627core:PlantMachinery2022-02-012023-01-31NI004627core:Vehicles2022-02-012023-01-31NI004627core:FurnitureFittings2022-02-012023-01-31NI004627core:OfficeEquipment2022-02-012023-01-31NI004627core:NetGoodwill2022-02-012023-01-31NI004627core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-31NI004627dpl:GroupUndertakings2022-02-012023-01-31NI004627dpl:ParticipatingInterests2022-02-012023-01-31NI004627dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-31NI004627core:ListedExchangeTraded2022-02-012023-01-31NI004627dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-31NI004627core:UnlistedNon-exchangeTraded2022-02-012023-01-31NI004627dpl:CostSales2021-02-012022-01-31NI004627dpl:DistributionCosts2021-02-012022-01-31NI004627dpl:AdministrativeExpenses2021-02-012022-01-31NI004627core:LandBuildings2021-02-012022-01-31NI004627core:PlantMachinery2021-02-012022-01-31NI004627core:Vehicles2021-02-012022-01-31NI004627core:FurnitureFittings2021-02-012022-01-31NI004627core:OfficeEquipment2021-02-012022-01-31NI004627core:NetGoodwill2021-02-012022-01-31NI004627core:IntangibleAssetsOtherThanGoodwill2021-02-012022-01-31NI004627dpl:GroupUndertakings2021-02-012022-01-31NI004627dpl:ParticipatingInterests2021-02-012022-01-31NI004627dpl:GroupUndertakingscore:ListedExchangeTraded2021-02-012022-01-31NI004627core:ListedExchangeTraded2021-02-012022-01-31NI004627dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-02-012022-01-31NI004627core:UnlistedNon-exchangeTraded2021-02-012022-01-31NI004627core:NetGoodwill2023-01-31NI004627core:IntangibleAssetsOtherThanGoodwill2023-01-31NI004627core:LandBuildings2023-01-31NI004627core:PlantMachinery2023-01-31NI004627core:Vehicles2023-01-31NI004627core:FurnitureFittings2023-01-31NI004627core:OfficeEquipment2023-01-31NI004627core:AfterOneYear2023-01-31NI004627core:WithinOneYear2023-01-31NI004627core:ListedExchangeTraded2023-01-31NI004627core:UnlistedNon-exchangeTraded2023-01-31NI004627core:ShareCapital2023-01-31NI004627core:SharePremium2023-01-31NI004627core:RevaluationReserve2023-01-31NI004627core:OtherReservesSubtotal2023-01-31NI004627core:RetainedEarningsAccumulatedLosses2023-01-31NI004627core:NetGoodwill2022-01-31NI004627core:IntangibleAssetsOtherThanGoodwill2022-01-31NI004627core:LandBuildings2022-01-31NI004627core:PlantMachinery2022-01-31NI004627core:Vehicles2022-01-31NI004627core:FurnitureFittings2022-01-31NI004627core:OfficeEquipment2022-01-31NI004627core:AfterOneYear2022-01-31NI004627core:WithinOneYear2022-01-31NI004627core:ListedExchangeTraded2022-01-31NI004627core:UnlistedNon-exchangeTraded2022-01-31NI004627core:ShareCapital2022-01-31NI004627core:SharePremium2022-01-31NI004627core:RevaluationReserve2022-01-31NI004627core:OtherReservesSubtotal2022-01-31NI004627core:RetainedEarningsAccumulatedLosses2022-01-31NI004627core:NetGoodwill2021-02-01NI004627core:IntangibleAssetsOtherThanGoodwill2021-02-01NI004627core:LandBuildings2021-02-01NI004627core:PlantMachinery2021-02-01NI004627core:Vehicles2021-02-01NI004627core:FurnitureFittings2021-02-01NI004627core:OfficeEquipment2021-02-01NI004627core:AfterOneYear2021-02-01NI004627core:WithinOneYear2021-02-01NI004627core:ListedExchangeTraded2021-02-01NI004627core:UnlistedNon-exchangeTraded2021-02-01NI004627core:ShareCapital2021-02-01NI004627core:SharePremium2021-02-01NI004627core:RevaluationReserve2021-02-01NI004627core:OtherReservesSubtotal2021-02-01NI004627core:RetainedEarningsAccumulatedLosses2021-02-01NI004627core:AfterOneYear2022-02-012023-01-31NI004627core:WithinOneYear2022-02-012023-01-31NI004627core:Non-currentFinancialInstrumentscore:CostValuation2022-02-012023-01-31NI004627core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-02-012023-01-31NI004627core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-02-012023-01-31NI004627core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-02-012023-01-31NI004627core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-02-012023-01-31NI004627core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-02-012023-01-31NI004627core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-02-012023-01-31NI004627core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-02-012023-01-31NI004627core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-02-012023-01-31NI004627core:Non-currentFinancialInstrumentscore:CostValuation2023-01-31NI004627core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-31NI004627core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-31NI004627core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-31NI004627core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-31NI004627core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-31NI004627core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-31NI004627core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-31NI004627core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-31NI004627core:Non-currentFinancialInstrumentscore:CostValuation2022-01-31NI004627core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-01-31NI004627core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-01-31NI004627core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-01-31NI004627core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-01-31NI004627core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-01-31NI004627core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-01-31NI004627core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-01-31NI004627core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-01-31NI004627bus:Director12022-02-012023-01-31NI004627bus:Director22022-02-012023-01-31NI004627core:FurnitureFittingsToolsEquipment2022-01-31NI004627core:FurnitureFittingsToolsEquipment2023-01-31NI004627core:FurnitureFittingsToolsEquipment2022-02-012023-01-31NI0046271bus:Director22022-02-01NI0046271bus:Director22022-02-012023-01-31NI0046271bus:Director22023-01-31NI0046272022-02-01NI0046272022-02-012023-01-31NI0046272023-01-31

James Knox & Sons Limited

Registered Number
NI004627
(Northern Ireland)

Unaudited Financial Statements for the Year ended
31 January 2023

James Knox & Sons Limited
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

Alan Thomas James Knox
Colin Samuel James Knox

Registered Address

75 Newcastle Street
Kilkeel
Co Down
BT34 4AQ

Registered Number

NI004627 (Northern Ireland)
James Knox & Sons Limited
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5573,310595,203
Investment property6274,000290,000
847,310885,203
Current assets
Stocks8982,290817,374
Debtors9853,157860,471
Cash at bank and on hand540,567493,685
2,376,0142,171,530
Creditors amounts falling due within one year10(581,668)(716,112)
Net current assets (liabilities)1,794,3461,455,418
Total assets less current liabilities2,641,6562,340,621
Provisions for liabilities11(8,663)(11,390)
Net assets2,632,9932,329,231
Capital and reserves
Called up share capital3,0003,000
Revaluation reserve75,000179,140
Other reserves7,0007,000
Profit and loss account2,547,9932,140,091
Shareholders' funds2,632,9932,329,231
The financial statements were approved and authorised for issue by the Board of Directors on 3 October 2023, and are signed on its behalf by:
Colin Samuel James Knox
Director
Registered Company No. NI004627
James Knox & Sons Limited
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-50
Plant and machinery25-
Fixtures and fittings25-
Vehicles25-
Investment property policy
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Government grants and other government assistance policy
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised as income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of the grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year4748
5.Property, plant and equipment

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Total

£££££
Cost or valuation
At 01 February 22569,89355,050111,86944,034780,846
At 31 January 23569,89355,050111,86944,034780,846
Depreciation and impairment
At 01 February 2236,99241,76173,27733,613185,643
Charge for year7,3993,3228,5672,60521,893
At 31 January 2344,39145,08381,84436,218207,536
Net book value
At 31 January 23525,5029,96730,0257,816573,310
At 31 January 22532,90113,28938,59210,421595,203
6.Investment property

£
Fair value at 01 February 22290,000
Additions134,000
Disposals(150,000)
At 31 January 23274,000
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Colin Samuel James Knox346,49743,59543,595346,497
Director loan account
346,49743,59543,595346,497
8.Stocks

2023

2022

££
Finished goods982,290817,374
Total982,290817,374
9.Debtors

2023

2022

££
Trade debtors / trade receivables420,034427,348
Other debtors433,123433,123
Total853,157860,471
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables287,009411,074
Taxation and social security284,514283,111
Other creditors475245
Accrued liabilities and deferred income9,67021,682
Total581,668716,112
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)8,66311,390
Total8,66311,390