Knollco Limited 14097465 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the provision of head office activities. Digita Accounts Production Advanced 6.30.9574.0 true 14097465 2023-01-01 2023-12-31 14097465 2023-12-31 14097465 core:RetainedEarningsAccumulatedLosses 2023-12-31 14097465 core:ShareCapital 2023-12-31 14097465 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-12-31 14097465 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 14097465 bus:SmallEntities 2023-01-01 2023-12-31 14097465 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 14097465 bus:FullAccounts 2023-01-01 2023-12-31 14097465 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 14097465 bus:RegisteredOffice 2023-01-01 2023-12-31 14097465 bus:Director1 2023-01-01 2023-12-31 14097465 bus:Director1 1 2023-01-01 2023-12-31 14097465 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 14097465 core:OtherRelatedParties 2023-01-01 2023-12-31 14097465 1 2023-01-01 2023-12-31 14097465 2 2023-01-01 2023-12-31 14097465 countries:EnglandWales 2023-01-01 2023-12-31 14097465 2022-05-10 2022-12-31 14097465 2022-12-31 14097465 core:RetainedEarningsAccumulatedLosses 2022-12-31 14097465 core:ShareCapital 2022-12-31 14097465 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 14097465

Knollco Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2023

 

Knollco Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Knollco Limited

(Registration number: 14097465)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Other financial assets

4

22,010

10

Current assets

 

Debtors

149,086

180,090

Cash at bank and in hand

 

100,104

-

 

249,190

180,090

Creditors: Amounts falling due within one year

(1,100)

(700)

Net current assets

 

248,090

179,390

Net assets

 

270,100

179,400

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

270,000

179,300

Total equity

 

270,100

179,400

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 14 April 2024
 

Mr R Coldrick

Director

 

Knollco Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Spectrum House
St Ivel Way
Warmley
Bristol
BS30 8TY

These financial statements were authorised for issue by the director on 14 April 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

Disclosure of long or short period

These accounts cover a short period to 31st December 2023 and therefore the comparatives are not comparable.

Changes in circumstances

Short period disclosure
Please note that these accounts are prepared for a short period, therefore, the comparative figures are not entirely comparable.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current 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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

Knollco Limited

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 January 2023

10

10

Additions

22,000

22,000

At 31 December 2023

22,010

22,010

Carrying amount

At 31 December 2023

22,010

22,010

5

Related party transactions

Advances to directors


Mr R Coldrick

During the period Mr R Coldrick went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £199,100 (2022-£40,100). At the year end the amount outstanding from Mr R Coldrick was £79,596 (2022-£7,100).

Summary of transactions with other related parties

Included within other debtors is a loan to RALCO Investments Limited. The total of the loan is £69,490 (2022-£172,990). The loan is interest free and is repayable on demand.