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REGISTERED NUMBER: SC237852 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

KNBL Services Ltd

KNBL Services Ltd (Registered number: SC237852)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KNBL Services Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs N Hughes





SECRETARY: Mrs N Hughes





REGISTERED OFFICE: Unit 31
1 Viking Road
Brownsburn Industrial Estate
Airdrie
ML6 9SE





REGISTERED NUMBER: SC237852 (Scotland)





ACCOUNTANTS: Oak Accountancy Solutions Ltd
Suite 3 & 4
Orbital House
3 Redwood Crescent
East Kilbride
Glasgow
G74 5PA

KNBL Services Ltd (Registered number: SC237852)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 160,000 160,000
Tangible assets 5 156,175 122,364
Investments 6 4,000 4,000
320,175 286,364

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 7 538,320 377,675
Cash at bank and in hand 216,802 193,945
761,122 577,620
CREDITORS
Amounts falling due within one year 8 347,274 219,843
NET CURRENT ASSETS 413,848 357,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

734,023

644,141

CREDITORS
Amounts falling due after more than one year 9 (24,190 ) (30,556 )

PROVISIONS FOR LIABILITIES (71,963 ) (52,798 )
NET ASSETS 637,870 560,787

KNBL Services Ltd (Registered number: SC237852)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 53 53
Capital redemption reserve 10 50 50
Other reserves 10 (254,765 ) (254,765 )
Retained earnings 10 892,532 815,449
637,870 560,787

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 28 March 2024 and were signed by:





Mrs N Hughes - Director


KNBL Services Ltd (Registered number: SC237852)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

KNBL Services Ltd is a private company, limited by shares , registered in Scotland. 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 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.

Intangible assets
Intangible assets are included at fair value. Gains and losses are recognised in the income statement. They have been valued in 2019 and will be revalued every five years when renewed with reference to the active market.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on cost, 15% on cost and 10% 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 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

KNBL Services Ltd (Registered number: SC237852)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 16 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 160,000
NET BOOK VALUE
At 31 December 2023 160,000
At 31 December 2022 160,000

Cost or valuation at 31 December 2023 is represented by:

Other
intangible
assets
£   
Valuation in 2019 160,000

KNBL Services Ltd (Registered number: SC237852)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 427,219
Additions 91,807
At 31 December 2023 519,026
DEPRECIATION
At 1 January 2023 304,855
Charge for year 57,996
At 31 December 2023 362,851
NET BOOK VALUE
At 31 December 2023 156,175
At 31 December 2022 122,364

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 4,000
NET BOOK VALUE
At 31 December 2023 4,000
At 31 December 2022 4,000

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2023 4,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 130,817 106,851
Amounts recoverable on contract 325,126 158,762
Other debtors 82,377 112,062
538,320 377,675

KNBL Services Ltd (Registered number: SC237852)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 7,638 7,639
Trade creditors 88,198 49,913
Taxation and social security 80,674 24,565
Other creditors 170,764 137,726
347,274 219,843

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 24,190 30,556

10. RESERVES
Capital
Retained redemption Other
earnings reserve reserves Totals
£    £    £    £   

At 1 January 2023 815,449 50 (254,765 ) 560,734
Profit for the year 115,583 115,583
Dividends (38,500 ) (38,500 )
At 31 December 2023 892,532 50 (254,765 ) 637,817

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mrs N Hughes
Balance outstanding at start of year (106,398 ) (2,439 )
Amounts advanced (8,710 ) (103,959 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (115,108 ) (106,398 )