Silverfin false 31/03/2023 01/04/2022 31/03/2023 J Crump 12/06/2015 M Knight 12/06/2015 24 November 2023 The principal activity of the Company during the financial year was that of management consulting and business psychologists. 09637407 2023-03-31 09637407 bus:Director1 2023-03-31 09637407 bus:Director2 2023-03-31 09637407 2022-03-31 09637407 core:CurrentFinancialInstruments 2023-03-31 09637407 core:CurrentFinancialInstruments 2022-03-31 09637407 core:ShareCapital 2023-03-31 09637407 core:ShareCapital 2022-03-31 09637407 core:RetainedEarningsAccumulatedLosses 2023-03-31 09637407 core:RetainedEarningsAccumulatedLosses 2022-03-31 09637407 core:ComputerEquipment 2022-03-31 09637407 core:ComputerEquipment 2023-03-31 09637407 bus:OrdinaryShareClass1 2023-03-31 09637407 2022-04-01 2023-03-31 09637407 bus:FullAccounts 2022-04-01 2023-03-31 09637407 bus:SmallEntities 2022-04-01 2023-03-31 09637407 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09637407 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09637407 bus:Director1 2022-04-01 2023-03-31 09637407 bus:Director2 2022-04-01 2023-03-31 09637407 core:ComputerEquipment core:TopRangeValue 2022-04-01 2023-03-31 09637407 2021-04-01 2022-03-31 09637407 core:ComputerEquipment 2022-04-01 2023-03-31 09637407 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 09637407 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09637407 (England and Wales)

KNIGHT CRUMP CONSULTING LTD.

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

KNIGHT CRUMP CONSULTING LTD.

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

KNIGHT CRUMP CONSULTING LTD.

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
KNIGHT CRUMP CONSULTING LTD.

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 872 1,652
872 1,652
Current assets
Debtors 4 67,300 12,778
Cash at bank and in hand 277,223 418,071
344,523 430,849
Creditors: amounts falling due within one year 5 ( 63,410) ( 119,289)
Net current assets 281,113 311,560
Total assets less current liabilities 281,985 313,212
Provision for liabilities ( 314) ( 314)
Net assets 281,671 312,898
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 281,571 312,798
Total shareholders' funds 281,671 312,898

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

Directors' responsibilities:

The financial statements of Knight Crump Consulting Ltd. (registered number: 09637407) were approved and authorised for issue by the Director on 24 November 2023. They were signed on its behalf by:

M Knight
Director
KNIGHT CRUMP CONSULTING LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
KNIGHT CRUMP CONSULTING LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Knight Crump Consulting Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 Temple Back, Bristol, BS1 6FL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in arrears of services provided, the amounts are recorded as accrued income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on straight-line basis over its expected useful life, as follows:

Computer equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 April 2022 3,897 3,897
At 31 March 2023 3,897 3,897
Accumulated depreciation
At 01 April 2022 2,245 2,245
Charge for the financial year 780 780
At 31 March 2023 3,025 3,025
Net book value
At 31 March 2023 872 872
At 31 March 2022 1,652 1,652

4. Debtors

2023 2022
£ £
Prepayments and accrued income 67,300 6,834
Other debtors 0 5,944
67,300 12,778

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to directors 60,898 60,898
Accruals 1,850 2,274
Taxation and social security 662 23,125
Other creditors 0 32,992
63,410 119,289

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

At the year end, the company owed the directors £60,898 (2022: £60,898) This amount is interest free and has no fixed date for repayment.