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REGISTERED NUMBER: 11987831 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

KNIGHTS EVENTS LTD

KNIGHTS EVENTS LTD (REGISTERED NUMBER: 11987831)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KNIGHTS EVENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: J E R Armstrong
M H O'Hagan





REGISTERED OFFICE: 5 The Quadrant
Coventry
West Midlands
CV1 2EL





REGISTERED NUMBER: 11987831 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

KNIGHTS EVENTS LTD (REGISTERED NUMBER: 11987831)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 6,000
Tangible assets 5 6,260 8,156
12,260 14,156

CURRENT ASSETS
Debtors 6 89,730 143,180
Cash at bank 54,945 32,829
144,675 176,009
CREDITORS
Amounts falling due within one year 7 115,933 99,419
NET CURRENT ASSETS 28,742 76,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,002

90,746

CREDITORS
Amounts falling due after more than one
year

8

22,438

32,390
NET ASSETS 18,564 58,356

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 18,562 58,354
18,564 58,356

KNIGHTS EVENTS LTD (REGISTERED NUMBER: 11987831)

BALANCE SHEET - continued
31 MAY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





M H O'Hagan - Director


KNIGHTS EVENTS LTD (REGISTERED NUMBER: 11987831)

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


1. STATUTORY INFORMATION

Knights Events Ltd 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance
Computer equipment - 33% per annum of 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.

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 10 (2022 - 2 ) .

KNIGHTS EVENTS LTD (REGISTERED NUMBER: 11987831)

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


4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 June 2022
and 31 May 2023 6,000
NET BOOK VALUE
At 31 May 2023 6,000
At 31 May 2022 6,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 4,065 9,218 13,283
Additions 697 1,629 2,326
Disposals (442 ) - (442 )
At 31 May 2023 4,320 10,847 15,167
DEPRECIATION
At 1 June 2022 1,652 3,475 5,127
Charge for year 694 3,196 3,890
Eliminated on disposal (110 ) - (110 )
At 31 May 2023 2,236 6,671 8,907
NET BOOK VALUE
At 31 May 2023 2,084 4,176 6,260
At 31 May 2022 2,413 5,743 8,156

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 80,468 135,260
Other debtors 9,262 7,920
89,730 143,180

KNIGHTS EVENTS LTD (REGISTERED NUMBER: 11987831)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,951 9,705
Trade creditors 1,922 4,077
Taxation and social security 80,601 85,047
Other creditors 23,459 590
115,933 99,419

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,438 32,390

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
J E R Armstrong
Balance outstanding at start of year (652 ) 7,284
Amounts advanced 61,200 44,064
Amounts repaid (84,007 ) (52,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (23,459 ) (652 )

M H O'Hagan
Balance outstanding at start of year 62 2,062
Amounts advanced 80,000 50,000
Amounts repaid (80,000 ) (52,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62 62