KNOCK TECHNOLOGY LIMITED

Company Registration Number:
14221009 (England and Wales)

Unaudited abridged accounts for the year ended 30 July 2024

Period of accounts

Start date: 01 August 2023

End date: 30 July 2024

KNOCK TECHNOLOGY LIMITED

Contents of the Financial Statements

for the Period Ended 30 July 2024

Balance sheet
Notes

KNOCK TECHNOLOGY LIMITED

Balance sheet

As at 30 July 2024


Notes

2024

13 months to 31 July 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 20,000 10,000
Tangible assets: 4 23,250 23,250
Investments: 5 982,872 0
Total fixed assets: 1,026,122 33,250
Current assets
Stocks: 0 0
Debtors:   0 0
Cash at bank and in hand: 1,546 12,826
Investments:   0 0
Total current assets: 1,546 12,826
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 1,546 12,826
Total assets less current liabilities: 1,027,668 46,076
Creditors: amounts falling due after more than one year:   (5,127) (3,177)
Provision for liabilities: 0 0
Total net assets (liabilities): 1,022,541 42,899
Capital and reserves
Called up share capital: 1 1
Share premium account: 37,475 29,341
Revaluation reserve:61,024,22420,423
Other reserves: 1,546 12,826
Profit and loss account: (40,705) (19,692)
Shareholders funds: 1,022,541 42,899

The notes form part of these financial statements

KNOCK TECHNOLOGY LIMITED

Balance sheet statements

For the year ending 30 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2024
and signed on behalf of the board by:

Name: Rory Watts
Status: Director

The notes form part of these financial statements

KNOCK TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Valuation and information policy

Valuation of SaaS IP is based on future earnings potential using a two year discounted cash flow methodology i.e. the present value of future net cash flows over a reasonable life span of the software (revenue less COGS over a two year period). Calculations take actual revenue over three months leading to 31st July 2024 and forecast an additional 21 months based on revenue growth patterns.

KNOCK TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 July 2024

2. Employees

2024 13 months to 31 July 2023
Average number of employees during the period 6 3

KNOCK TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 July 2024

3. Intangible Assets

Total
Cost £
At 01 August 2023 10,000
Additions 10,000
At 30 July 2024 20,000
Net book value
At 30 July 2024 20,000
At 31 July 2023 10,000

KNOCK TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 July 2024

4. Tangible Assets

Total
Cost £
At 01 August 2023 23,250
At 30 July 2024 23,250
Net book value
At 30 July 2024 23,250
At 31 July 2023 23,250

KNOCK TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 July 2024

5. Fixed investments

The company intends to retain ownership of its SaaS product IP for the long term in the interest of generating recurring subscription revenue.

KNOCK TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 July 2024

6. Revaluation reserve

2024
£
Balance at 01 August 2023 20,423
Surplus or deficit after revaluation 1,003,801
Balance at 30 July 2024 1,024,224