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REGISTERED NUMBER: 05107368 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

KNOBHILL ENGINEERING LIMITED

KNOBHILL ENGINEERING LIMITED (REGISTERED NUMBER: 05107368)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KNOBHILL ENGINEERING LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2023







DIRECTORS: A C Harrison
Mrs H G Harrison
C L Harrison





SECRETARY: A C Harrison





REGISTERED OFFICE: Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 05107368 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

KNOBHILL ENGINEERING LIMITED (REGISTERED NUMBER: 05107368)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,040 71,773

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 87,362 115,444
Cash at bank 165,635 82,211
257,997 202,655
CREDITORS
Amounts falling due within one year 6 81,558 41,196
NET CURRENT ASSETS 176,439 161,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,479

233,232

CREDITORS
Amounts falling due after more than one
year

7

(6,944

)

(15,716

)

PROVISIONS FOR LIABILITIES (14,533 ) (11,567 )
NET ASSETS 241,002 205,949

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 240,902 205,849
SHAREHOLDERS' FUNDS 241,002 205,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

KNOBHILL ENGINEERING LIMITED (REGISTERED NUMBER: 05107368)

BALANCE SHEET - continued
30 April 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 Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





A C Harrison - Director


KNOBHILL ENGINEERING LIMITED (REGISTERED NUMBER: 05107368)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Knobhill Engineering 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Buildings - 15% on reducing balance
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost and 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.

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.

KNOBHILL ENGINEERING LIMITED (REGISTERED NUMBER: 05107368)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 391,524
Additions 58,803
Disposals (19,559 )
At 30 April 2023 430,768
DEPRECIATION
At 1 May 2022 319,751
Charge for year 44,287
Eliminated on disposal (19,310 )
At 30 April 2023 344,728
NET BOOK VALUE
At 30 April 2023 86,040
At 30 April 2022 71,773

KNOBHILL ENGINEERING LIMITED (REGISTERED NUMBER: 05107368)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 51,805
DEPRECIATION
At 1 May 2022 12,951
Charge for year 12,951
At 30 April 2023 25,902
NET BOOK VALUE
At 30 April 2023 25,903
At 30 April 2022 38,854

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 83,720 109,135
Other debtors 3,642 6,309
87,362 115,444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 8,773 8,218
Trade creditors 12,665 10,009
Taxation and social security 47,892 11,029
Other creditors 12,228 11,940
81,558 41,196

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 6,944 15,716

KNOBHILL ENGINEERING LIMITED (REGISTERED NUMBER: 05107368)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023


8. RELATED PARTY DISCLOSURES

At 30 April 2023 other creditors include loans made to the company by its directors as follows:

A C and Mrs H G Harrison £10,297 (2022 £10,123)
C L Harrison £12 (2022 £12)

The loans are interest free with no fixed date for repayment.

9. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.