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REGISTERED NUMBER: 07794968 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Knightmovers Removal & Storage Limited

Knightmovers Removal & Storage Limited (Registered number: 07794968)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Knightmovers Removal & Storage Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr W M Hammond





REGISTERED OFFICE: Unit 4
Bydwynn
Llanbedr
Gwynedd
LL45 2LP





REGISTERED NUMBER: 07794968 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Knightmovers Removal & Storage Limited (Registered number: 07794968)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 110,248 124,848
110,248 124,848

CURRENT ASSETS
Debtors 6 90,930 89,440
Cash at bank and in hand 22,863 45,271
113,793 134,711
CREDITORS
Amounts falling due within one year 7 94,604 99,802
NET CURRENT ASSETS 19,189 34,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,437

159,757

CREDITORS
Amounts falling due after more than one
year

8

(58,004

)

(74,793

)

PROVISIONS FOR LIABILITIES (10,059 ) (12,574 )
NET ASSETS 61,374 72,390

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 61,274 72,290
SHAREHOLDERS' FUNDS 61,374 72,390

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.

Knightmovers Removal & Storage Limited (Registered number: 07794968)

Balance Sheet - continued
31 March 2023


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 1 September 2023 and were signed by:





Mr W M Hammond - Director


Knightmovers Removal & Storage Limited (Registered number: 07794968)

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

1. STATUTORY INFORMATION

Knightmovers Removal & Storage 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 2012, is being amortised over its useful life of ten 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.

Freehold building - 2% straight line
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 20% 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.

Knightmovers Removal & Storage Limited (Registered number: 07794968)

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

2. ACCOUNTING POLICIES - continued

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 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 14,099
AMORTISATION
At 1 April 2022
and 31 March 2023 14,099
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 279,289
DEPRECIATION
At 1 April 2022 154,441
Charge for year 14,600
At 31 March 2023 169,041
NET BOOK VALUE
At 31 March 2023 110,248
At 31 March 2022 124,848

Knightmovers Removal & Storage Limited (Registered number: 07794968)

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 9,832 18,604
Amounts owed by associates 64,952 63,264
Other debtors 16,146 7,572
90,930 89,440

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,980 9,696
Hire purchase contracts 14,206 26,239
Payments on account 3,974 4,274
Trade creditors 2,899 5,476
Taxation and social security 23,174 27,552
Other creditors 40,371 26,565
94,604 99,802

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,505 32,494
Hire purchase contracts 5,499 5,499
Other creditors 30,000 36,800
58,004 74,793

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 32,389 42,094

A fixed and floating charge over all assets
Charge code 0779 4968 0001
Created 22 June 2016
HSBC Bank PLC

Knightmovers Removal & Storage Limited (Registered number: 07794968)

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mr W M Hammond
Balance outstanding at start of year - 11,377
Amounts repaid - (11,377 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The director's loan account was in credit throughout the year.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £41,000 (2022 - £52,500) were paid to the director .

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Knightmovers Removal & Storage Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Knightmovers Removal & Storage Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Knightmovers Removal & Storage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Knightmovers Removal & Storage Limited. You consider that Knightmovers Removal & Storage 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 Knightmovers Removal & Storage 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.






Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP


Date: .............................................