Company Registration No. 14402083 (England and Wales)
KNT ELECTRICS LTD
Unaudited accounts
for the period from 6 October 2022 to 31 October 2023
KNT ELECTRICS LTD
Unaudited accounts
Contents
KNT ELECTRICS LTD
Company Information
for the period from 6 October 2022 to 31 October 2023
Directors
Kent,Dean
Kent Ryan
Company Number
14402083 (England and Wales)
Registered Office
15 MARTLETTS CLOSE
Peacehaven
BN10 8FW
United kingdom
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
KNT ELECTRICS LTD
Accountants' report
Accountants' report to the board of directors of KNT ELECTRICS LTD on the preparation of the unaudited statutory accounts for the period from 6 October 2022 to 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
KNT ELECTRICS LTD for the period from
6 October 2022 to
31 October 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of KNT ELECTRICS LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of KNT ELECTRICS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KNT ELECTRICS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that KNT ELECTRICS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of KNT ELECTRICS LTD. You consider that KNT ELECTRICS LTD is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of KNT ELECTRICS LTD. 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 accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
21 December 2023
KNT ELECTRICS LTD
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
5,620
Creditors: amounts falling due within one year
(5,568)
Called up share capital
40
Profit and loss account
4,625
For the period ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2023 and were signed on its behalf by
Kent,Dean
Director
Company Registration No. 14402083
KNT ELECTRICS LTD
Notes to the Accounts
for the period from 6 October 2022 to 31 October 2023
KNT ELECTRICS LTD is a private company, limited by shares, registered in England and Wales, registration number 14402083. The registered office is 15 MARTLETTS CLOSE, Peacehaven, BN10 8FW, United kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
4
Tangible fixed assets
Motor vehicles
5
Creditors: amounts falling due within one year
2023
Taxes and social security
3
Loans from directors
4,499
KNT ELECTRICS LTD
Notes to the Accounts
for the period from 6 October 2022 to 31 October 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
-
(3,505)
(1,248)
(2,257)
Director Loan Account
-
(3,312)
(1,070)
(2,242)
7
Average number of employees
During the period the average number of employees was 0.