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Knight & Davey Ltd
Registered Number:11656219
For the year ended 30 November 2023
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 30 November 2023
Knight & Davey Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
11656219
As at 30 November 2023
Knight & Davey Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
12,925
15,961
2
12,925
15,961
Current assets
Inventories
39,850
23,808
3
Trade and other receivables
109,436
106,254
4
14,713
Cash and cash equivalents
20,261
150,323
163,999
Trade and other payables: amounts falling due within one
year
(176,217)
(174,177)
5
(12,218)
(23,854)
Net current liabilities
Total assets less current liabilities
(10,929)
3,743
Trade and other payables: amounts falling due after more
than one year
-
(6,600)
6
(2,456)
(3,033)
Provisions for liabilities
(19,985)
Net assets/liabilities
710
Capital and reserves
Called up share capital
100
100
Retained earnings
(20,085)
610
(19,985)
710
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Charlie Knight Director
These financial statements were approved and authorised for issue by the Board on 25 March 2024 and were signed by:
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4
Registered Number :
11656219
For the year ended 30 November 2023
Knight & Davey Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 November 2023
Knight & Davey Ltd
Notes to the Financial Statements
Statutory Information
Knight & Davey Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 11656219.
Registered address:
Unit 20, Innovation Centre
Highfield Drive
St. Leonards-On-Sea
East Sussex
TN38 9UH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15 Reducing balance
20 Reducing balance
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 December 2022
21,364
15,364
6,000
At 30 November 2023
6,000
15,364
21,364
Provision for depreciation and impairment
At 01 December 2022
5,403
2,535
2,868
Charge for year
3,036
2,566
470
At 30 November 2023
8,439
5,101
3,338
At 30 November 2023
Net book value
2,662
10,263
12,925
At 30 November 2022
3,132
12,829
15,961
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6
For the year ended 30 November 2023
Knight & Davey Ltd
Notes to the Financial Statements Continued
3. Inventories
2022
2023
£
£
Stocks
23,808
39,850
4. Trade and other receivables
2022
2023
£
£
Trade debtors
41,103
63,855
Other debtors
65,151
45,581
109,436
106,254
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
4,400
15,400
Trade creditors
91,021
83,233
Taxation and social security
7,757
5,076
Other creditors
70,999
72,508
174,177
176,217
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
6,600
-
7. Related party transactions
At the year end, the directors owed the company £20,058 (2022: £11,850) The balance was repaid within 9 months
of the year end.
8. Average number of persons employed
During the year the average number of employees was 5 (2022 : 5)
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