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REGISTERED NUMBER: 10658261 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

KNOTT STRUCTURAL SERVICES LTD

KNOTT STRUCTURAL SERVICES LTD (REGISTERED NUMBER: 10658261)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Balance sheet 1

Notes to the financial statements 2


KNOTT STRUCTURAL SERVICES LTD (REGISTERED NUMBER: 10658261)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 5,470 6,083

Current assets
Debtors 5 1,429 25,678
Cash at bank 16,921 27,587
18,350 53,265
Creditors
Amounts falling due within one year 6 7,264 26,102
Net current assets 11,086 27,163
Total assets less current liabilities 16,556 33,246

Provisions for liabilities 7 170 287
Net assets 16,386 32,959

Capital and reserves
Called up share capital 8 10 10
Retained earnings 16,376 32,949
Shareholders' funds 16,386 32,959

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 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.

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2023 and were signed on its behalf by:





Mr G N Knott - Director


KNOTT STRUCTURAL SERVICES LTD (REGISTERED NUMBER: 10658261)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. Statutory information

Knott Structural Services Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 10658261. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 112 Warburton Road, Poole, Dorset, BH17 8SG.

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 represents amounts receivable, net of VAT, in respect of services and is recognised when those services have been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Office furniture and equipment - 25% on cost
Fixtures and fittings - 20% on cost

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

KNOTT STRUCTURAL SERVICES LTD (REGISTERED NUMBER: 10658261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. Tangible fixed assets
Office
furniture Fixtures
Freehold and and
property equipment fittings Totals
£    £    £    £   
Cost
At 1 April 2022
and 31 March 2023 4,574 2,146 4,500 11,220
Depreciation
At 1 April 2022 - 865 4,272 5,137
Charge for year - 537 76 613
At 31 March 2023 - 1,402 4,348 5,750
Net book value
At 31 March 2023 4,574 744 152 5,470
At 31 March 2022 4,574 1,281 228 6,083

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 1,243 18,946
Prepayments and accrued income 186 6,732
1,429 25,678

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 204 145
Tax 4,439 16,061
VAT 1,133 8,707
Directors' current accounts 493 224
Accruals and deferred income 995 965
7,264 26,102

7. Provisions for liabilities
2023 2022
£    £   
Deferred tax 170 287

KNOTT STRUCTURAL SERVICES LTD (REGISTERED NUMBER: 10658261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 April 2022 287
Provided during year (117 )
Balance at 31 March 2023 170

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

9. Ultimate controlling party

The Company is under the control of the directors, by virtue of their combined 100% holding of the issued voting share capital of the Company.