Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-011The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.The principal activity of the company during the year continued to be that of sales & distribution of audio, visual and data cables.falsetrue1true 09246634 2022-11-01 2023-10-31 09246634 2021-11-01 2022-10-31 09246634 2023-10-31 09246634 2022-10-31 09246634 c:Director1 2022-11-01 2023-10-31 09246634 d:CurrentFinancialInstruments 2023-10-31 09246634 d:CurrentFinancialInstruments 2022-10-31 09246634 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09246634 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09246634 d:ShareCapital 2023-10-31 09246634 d:ShareCapital 2022-10-31 09246634 d:RetainedEarningsAccumulatedLosses 2023-10-31 09246634 d:RetainedEarningsAccumulatedLosses 2022-10-31 09246634 c:OrdinaryShareClass1 2022-11-01 2023-10-31 09246634 c:OrdinaryShareClass1 2023-10-31 09246634 c:FRS102 2022-11-01 2023-10-31 09246634 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09246634 c:FullAccounts 2022-11-01 2023-10-31 09246634 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09246634













KNNX LIMITED
UNAUDITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
KNNX LIMITED
 

CONTENTS



Page
Statement of financial position
 
1
Notes to the financial statements
 
2 - 4

 
KNNX LIMITED
REGISTERED NUMBER:09246634

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
4,065
5,774

Cash at bank and in hand
  
155
72

  
4,220
5,846

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(1,457)
(1,864)

Net current assets
  
 
 
2,763
 
 
3,982

  

Net assets
  
2,763
3,982


Capital and reserves
  

Called up share capital 
 6 
4,000
4,000

Profit and loss account
  
(1,237)
(18)

  
2,763
3,982


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 March 2024.




P A Gregson
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

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

1.


General information

Knnx Limited is a private limited liability company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company during the year continued to be that of sale and distribution of audio, visual and data cables. 
The company's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods supplied and royalties earned during the year, exclusive of Value Added Tax and trade discounts.
The company recognises revenue from sales when the goods are delivered to the customers.

 
2.3

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors and cash at bank and in hand.
Trade debtors and other debtors are recognised initially at the transaction price less attributable transaction costs. Trade creditors and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors.
Cash at bank and in hand comprise cash balances and call deposits.

Page 2

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

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
1) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
2) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Trade debtors
3,758
5,355

Other debtors
307
419

4,065
5,774


Page 3

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

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
274
764

Accruals and deferred income
1,183
1,100

1,457
1,864



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



4,000 Ordinary shares of £1 each
4,000
4,000


 
Page 4