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REGISTERED NUMBER: 04408968 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LITTLE KNOCKS LIMITED

LITTLE KNOCKS LIMITED (REGISTERED NUMBER: 04408968)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LITTLE KNOCKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C Buck
D Buck
M Buck
T Young





SECRETARY: C Buck





REGISTERED OFFICE: 10 Beech Court
Wokingham Road
Hurst
Berkshire
RG10 0RQ





REGISTERED NUMBER: 04408968 (England and Wales)





ACCOUNTANTS: Vernon Gosling Friday Limited
10 Beech Court
Wokingham Road
Hurst
Berkshire
RG10 0RQ

LITTLE KNOCKS LIMITED (REGISTERED NUMBER: 04408968)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 7,506 14,212
Tangible assets 4 51,378 48,895
58,884 63,107

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 16,770 22,686
Cash at bank 35,650 47,268
55,420 72,954
CREDITORS
Amounts falling due within one year 6 64,707 63,483
NET CURRENT (LIABILITIES)/ASSETS (9,287 ) 9,471
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,597

72,578

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 49,497 72,478
SHAREHOLDERS' FUNDS 49,597 72,578

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 directors acknowledge their 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.

LITTLE KNOCKS LIMITED (REGISTERED NUMBER: 04408968)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2024 and were signed on its behalf by:




T Young - Director M Buck - Director




D Buck - Director C Buck - Director


LITTLE KNOCKS LIMITED (REGISTERED NUMBER: 04408968)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost and 20% 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.

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

LITTLE KNOCKS LIMITED (REGISTERED NUMBER: 04408968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 134,112
AMORTISATION
At 1 January 2023 119,900
Charge for year 6,706
At 31 December 2023 126,606
NET BOOK VALUE
At 31 December 2023 7,506
At 31 December 2022 14,212

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 85,960
Additions 17,313
At 31 December 2023 103,273
DEPRECIATION
At 1 January 2023 37,065
Charge for year 14,830
At 31 December 2023 51,895
NET BOOK VALUE
At 31 December 2023 51,378
At 31 December 2022 48,895

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,660 13,565
Other debtors 13,110 9,121
16,770 22,686

LITTLE KNOCKS LIMITED (REGISTERED NUMBER: 04408968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,622 8,026
Taxation and social security 49,617 49,928
Other creditors 6,468 5,529
64,707 63,483

7. ULTIMATE CONTROLLING PARTY



Throughout the period the company was controlled by Mr Martin Buck, Mr Thomas Young, Mr David Buck and Mr Christopher Buck as directors and shareholders.