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REGISTERED NUMBER: 02210658 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

KNIGHT PROVISIONS LIMITED

KNIGHT PROVISIONS LIMITED (REGISTERED NUMBER: 02210658)

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










Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 8


KNIGHT PROVISIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: E M Knight
Mrs P C Knight





SECRETARY: Mrs P C Knight





REGISTERED OFFICE: Brent House
382 Gloucester Road
Cheltenham
Gloucestershire
GL51 7AY





REGISTERED NUMBER: 02210658 (England and Wales)





ACCOUNTANTS: Smith Heath Limited
Brent House
382 Gloucester Road
Cheltenham
Gloucestershire
GL51 7AY

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KNIGHT PROVISIONS LIMITED


The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Knight Provisions Limited for the year ended 31 October 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Knight Provisions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Knight Provisions Limited and state those matters that we have agreed to state to the Board of Directors of Knight Provisions Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Knight Provisions 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 Knight Provisions Limited. You consider that Knight Provisions 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 Knight Provisions 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.






Smith Heath Limited
Brent House
382 Gloucester Road
Cheltenham
Gloucestershire
GL51 7AY


12 February 2024

KNIGHT PROVISIONS LIMITED (REGISTERED NUMBER: 02210658)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,458 73,808
Investments 5 291 291
91,749 74,099

CURRENT ASSETS
Stocks 95,194 106,091
Debtors 6 219,420 196,342
Investments 7 39,947 41,862
Cash at bank 159,526 141,241
514,087 485,536
CREDITORS
Amounts falling due within one year 8 339,398 313,610
NET CURRENT ASSETS 174,689 171,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,438

246,025

CREDITORS
Amounts falling due after more than one
year

9

(7,778

)

(3,486

)

PROVISIONS FOR LIABILITIES (20,121 ) (14,024 )
NET ASSETS 238,539 228,515

CAPITAL AND RESERVES
Called up share capital 4,825 4,825
Capital redemption reserve 250 250
Retained earnings 233,464 223,440
SHAREHOLDERS' FUNDS 238,539 228,515

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

KNIGHT PROVISIONS LIMITED (REGISTERED NUMBER: 02210658)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





Mrs P C Knight - Director


KNIGHT PROVISIONS LIMITED (REGISTERED NUMBER: 02210658)

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


1. STATUTORY INFORMATION

Knight Provisions 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Short leasehold - Straight line over the life of the lease
Plant and machinery - 33% on cost and 15% on cost
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

KNIGHT PROVISIONS LIMITED (REGISTERED NUMBER: 02210658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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.

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.

Investments
All current asset and fixed asset investments are valued at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Short Plant and and Motor
leasehold machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022 71,878 336,634 5,870 124,635 539,017
Additions - - - 68,559 68,559
Disposals - - - (35,940 ) (35,940 )
At 31 October 2023 71,878 336,634 5,870 157,254 571,636
DEPRECIATION
At 1 November 2022 71,878 305,364 440 87,527 465,209
Charge for year - 14,721 1,937 30,423 47,081
Eliminated on disposal - - - (32,112 ) (32,112 )
At 31 October 2023 71,878 320,085 2,377 85,838 480,178
NET BOOK VALUE
At 31 October 2023 - 16,549 3,493 71,416 91,458
At 31 October 2022 - 31,270 5,430 37,108 73,808

KNIGHT PROVISIONS LIMITED (REGISTERED NUMBER: 02210658)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022 58,745
Additions 25,289
Transfer to ownership (26,495 )
At 31 October 2023 57,539
DEPRECIATION
At 1 November 2022 29,998
Charge for year 20,482
Transfer to ownership (23,184 )
At 31 October 2023 27,296
NET BOOK VALUE
At 31 October 2023 30,243
At 31 October 2022 28,747

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 7,393
PROVISIONS
At 1 November 2022
and 31 October 2023 7,102
NET BOOK VALUE
At 31 October 2023 291
At 31 October 2022 291

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 197,301 183,699
Other debtors 22,119 12,643
219,420 196,342

KNIGHT PROVISIONS LIMITED (REGISTERED NUMBER: 02210658)

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


7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 39,947 41,862

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 10) 10,153 13,400
Trade creditors 183,070 174,240
Taxation and social security 47,506 41,688
Other creditors 98,669 84,282
339,398 313,610

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 10) 7,778 3,486

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 10,153 13,400
Between one and five years 7,778 3,486
17,931 16,886