Registration number:
James Knight Developments Ltd
for the Year Ended 31 May 2023
James Knight Developments Ltd
Profit and Loss Account for the Year Ended 31 May 2023
The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
James Knight Developments Ltd
(Registration number: 06263387)
Balance Sheet as at 31 May 2023
Note |
2023 |
2022 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
James Knight Developments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
James Knight Developments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Debtors |
Current |
2023 |
2022 |
Other debtors |
|
|
Gross amount due from customers for contract work |
|
|
68,413 |
68,413 |
Cash and cash equivalents |
2023 |
2022 |
|
Cash on hand |
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Cash at bank |
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|
|
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Creditors |
2023 |
2022 |
|
Due within one year |
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Other payables |
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Accruals |
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Directors current account |
5,856 |
5,856 |
|
|
Share capital |
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
James Knight Developments Ltd
Detailed Profit and Loss Account for the Year Ended 31 May 2023
2023 |
2022 |
|
Turnover (analysed below) |
- |
- |
Administrative expenses |
||
General administrative expenses (analysed below) |
- |
(2,538) |
Finance charges (analysed below) |
- |
(1) |
- |
(2,539) |
|
Operating loss |
- |
(2,539) |
Loss before tax |
- |
(2,539) |
James Knight Developments Ltd
Detailed Profit and Loss Account for the Year Ended 31 May 2023
2023 |
2022 |
General administrative expenses |
||
Office admin expenses |
- |
(989) |
Sundry expenses |
- |
(252) |
Travel and subsistence |
- |
(817) |
Accountancy fees |
- |
(480) |
- |
(2,538) |
Finance charges |
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Bank charges |
- |
(1) |