Company registration number 03530208 (England and Wales)
KNEATH ASSOCIATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
KNEATH ASSOCIATES LIMITED
COMPANY INFORMATION
Directors
Mr Lawrence Kneath
Mr Nils Dindorp
Secretary
Mr Lawrence Kneath
Company number
03530208
Registered office
3 Brandy Cove Road
Bishopston
Swansea
SA3 3HB
Accountants
Harris Bassett Limited
19 Murray Street
Llanelli
Wales
SA15 1AQ
KNEATH ASSOCIATES LIMITED
CONTENTS
Page
Accountants' report
1
Profit and loss account
2
Balance sheet and notes to the financial statements
3 - 4
KNEATH ASSOCIATES LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KNEATH ASSOCIATES LIMITED FOR THE YEAR ENDED 31 MARCH 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kneath Associates Limited for the year ended 31 March 2023, which comprise the profit and loss account and the balance sheet, from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Kneath Associates Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kneath Associates Limited and state those matters that we have agreed to state to the board of directors of Kneath Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kneath Associates Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Kneath Associates Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Kneath Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kneath Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Harris Bassett Limited
23 October 2023
Chartered Accountants
19 Murray Street
Llanelli
Wales
SA15 1AQ
KNEATH ASSOCIATES LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
2023
2022
£
£
Turnover
320,847
280,716
Other income
6,300
6,003
Cost of raw materials and consumables
(29,549)
(22,194)
Staff costs
(118,363)
(101,730)
Depreciation and other amounts written off assets
(1,718)
(1,780)
Other charges
(71,326)
(71,407)
Tax
(20,503)
(16,125)
Profit
85,688
73,483
KNEATH ASSOCIATES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 3 -
2023
2022
£
£
£
£
Fixed assets
5,261
6,977
Current assets
158,316
148,464
Prepayments and accrued income
4,384
4,384
Creditors: amounts falling due within one year
(51,622)
(37,274)
Net current assets
111,078
115,574
Total assets less current liabilities
116,339
122,551
Accruals and deferred income
(1,200)
(1,100)
Net assets
115,139
121,451
Capital and reserves
115,139
121,451
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees

During the year the directors entered into the following advances and credits with the company:

 

2023 Balance Advances Amounts Balance

brought to the repaid outstanding

forward director

£ £ £ £

Mr N A Dindorp 768 1,598 (2,000) 366

 

 

 

2022 Balance Advances Amounts Balance

brought to the repaid outstanding

forward director

£ £ £ £

Mr N A Dindorp 1,347 1,633 (2,212) 768

 

 

 

 

The directors loan is interest free and repayable on demand.

2
Financial commitments, guarantees and contingencies

At the year end, the company had financial commitments totalling £36,076.

KNEATH ASSOCIATES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 4 -
3
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2023
2022
Number
Number
Employees
6
6
4
Debtors

Included in current assets is a debt owed to the company of £44,829, this amount is falling due after more than one year.

Kneath Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Brandy Cove Road, Bishopston, Swansea, SA3 3HB.

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 16 October 2023 and are signed on its behalf by:
Mr Lawrence Kneath
Director
Company registration number 03530208 (England and Wales)
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