2022-12-012023-11-302023-11-30false04953598K2N LTD.2024-08-02iso4217:GBPxbrli:pure049535982022-12-01049535982023-11-30049535982022-12-012023-11-30049535982021-12-01049535982022-11-30049535982021-12-012022-11-3004953598bus:SmallEntities2022-12-012023-11-3004953598bus:AuditExempt-NoAccountantsReport2022-12-012023-11-3004953598bus:AbridgedAccounts2022-12-012023-11-3004953598bus:PrivateLimitedCompanyLtd2022-12-012023-11-3004953598core:WithinOneYear2023-11-3004953598core:AfterOneYear2023-11-3004953598core:WithinOneYear2022-11-3004953598core:AfterOneYear2022-11-3004953598core:ShareCapital2023-11-3004953598core:SharePremium2023-11-3004953598core:RevaluationReserve2023-11-3004953598core:OtherReservesSubtotal2023-11-3004953598core:RetainedEarningsAccumulatedLosses2023-11-3004953598core:ShareCapital2022-11-3004953598core:SharePremium2022-11-3004953598core:RevaluationReserve2022-11-3004953598core:OtherReservesSubtotal2022-11-3004953598core:RetainedEarningsAccumulatedLosses2022-11-3004953598core:LandBuildings2023-11-3004953598core:PlantMachinery2023-11-3004953598core:Vehicles2023-11-3004953598core:FurnitureFittings2023-11-3004953598core:OfficeEquipment2023-11-3004953598core:NetGoodwill2023-11-3004953598core:IntangibleAssetsOtherThanGoodwill2023-11-3004953598core:ListedExchangeTraded2023-11-3004953598core:UnlistedNon-exchangeTraded2023-11-3004953598core:LandBuildings2022-11-3004953598core:PlantMachinery2022-11-3004953598core:Vehicles2022-11-3004953598core:FurnitureFittings2022-11-3004953598core:OfficeEquipment2022-11-3004953598core:NetGoodwill2022-11-3004953598core:IntangibleAssetsOtherThanGoodwill2022-11-3004953598core:ListedExchangeTraded2022-11-3004953598core:UnlistedNon-exchangeTraded2022-11-3004953598core:LandBuildings2022-12-012023-11-3004953598core:PlantMachinery2022-12-012023-11-3004953598core:Vehicles2022-12-012023-11-3004953598core:FurnitureFittings2022-12-012023-11-3004953598core:OfficeEquipment2022-12-012023-11-3004953598core:NetGoodwill2022-12-012023-11-3004953598core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3004953598core:ListedExchangeTraded2022-12-012023-11-3004953598core:UnlistedNon-exchangeTraded2022-12-012023-11-3004953598core:MoreThanFiveYears2022-12-012023-11-3004953598core:Non-currentFinancialInstruments2023-11-3004953598core:Non-currentFinancialInstruments2022-11-3004953598dpl:CostSales2022-12-012023-11-3004953598dpl:DistributionCosts2022-12-012023-11-3004953598core:LandBuildings2022-12-012023-11-3004953598core:PlantMachinery2022-12-012023-11-3004953598core:Vehicles2022-12-012023-11-3004953598core:FurnitureFittings2022-12-012023-11-3004953598core:OfficeEquipment2022-12-012023-11-3004953598dpl:AdministrativeExpenses2022-12-012023-11-3004953598core:NetGoodwill2022-12-012023-11-3004953598core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3004953598dpl:GroupUndertakings2022-12-012023-11-3004953598dpl:ParticipatingInterests2022-12-012023-11-3004953598dpl:GroupUndertakingscore:ListedExchangeTraded2022-12-012023-11-3004953598core:ListedExchangeTraded2022-12-012023-11-3004953598dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-12-012023-11-3004953598core:UnlistedNon-exchangeTraded2022-12-012023-11-3004953598dpl:CostSales2021-12-012022-11-3004953598dpl:DistributionCosts2021-12-012022-11-3004953598core:LandBuildings2021-12-012022-11-3004953598core:PlantMachinery2021-12-012022-11-3004953598core:Vehicles2021-12-012022-11-3004953598core:FurnitureFittings2021-12-012022-11-3004953598core:OfficeEquipment2021-12-012022-11-3004953598dpl:AdministrativeExpenses2021-12-012022-11-3004953598core:NetGoodwill2021-12-012022-11-3004953598core:IntangibleAssetsOtherThanGoodwill2021-12-012022-11-3004953598dpl:GroupUndertakings2021-12-012022-11-3004953598dpl:ParticipatingInterests2021-12-012022-11-3004953598dpl:GroupUndertakingscore:ListedExchangeTraded2021-12-012022-11-3004953598core:ListedExchangeTraded2021-12-012022-11-3004953598dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-12-012022-11-3004953598core:UnlistedNon-exchangeTraded2021-12-012022-11-3004953598core:NetGoodwill2023-11-3004953598core:IntangibleAssetsOtherThanGoodwill2023-11-3004953598core:LandBuildings2023-11-3004953598core:PlantMachinery2023-11-3004953598core:Vehicles2023-11-3004953598core:FurnitureFittings2023-11-3004953598core:OfficeEquipment2023-11-3004953598core:AfterOneYear2023-11-3004953598core:WithinOneYear2023-11-3004953598core:ListedExchangeTraded2023-11-3004953598core:UnlistedNon-exchangeTraded2023-11-3004953598core:ShareCapital2023-11-3004953598core:SharePremium2023-11-3004953598core:RevaluationReserve2023-11-3004953598core:OtherReservesSubtotal2023-11-3004953598core:RetainedEarningsAccumulatedLosses2023-11-3004953598core:NetGoodwill2022-11-3004953598core:IntangibleAssetsOtherThanGoodwill2022-11-3004953598core:LandBuildings2022-11-3004953598core:PlantMachinery2022-11-3004953598core:Vehicles2022-11-3004953598core:FurnitureFittings2022-11-3004953598core:OfficeEquipment2022-11-3004953598core:AfterOneYear2022-11-3004953598core:WithinOneYear2022-11-3004953598core:ListedExc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K2N LTD.

Registered Number
04953598
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

K2N LTD.
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

Ian Knight

Registered Address

Unit 3 Uphall Farm
Salmons Lane
Colchester
CO6 1RY

Place of Business

128 Westbourne Road

Penarth

CF64 3HH


Registered Number

04953598 (England and Wales)
K2N LTD.
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3106,33014,129
106,33014,129
Current assets
Debtors18,77927,804
Cash at bank and on hand127,486252,066
146,265279,870
Creditors amounts falling due within one year4(9,667)(75,708)
Net current assets (liabilities)136,598204,162
Total assets less current liabilities242,928218,291
Net assets242,928218,291
Capital and reserves
Called up share capital9,4109,410
Share premium70,80070,800
Profit and loss account162,718138,081
Shareholders' funds242,928218,291
The financial statements were approved and authorised for issue by the Board of Directors on 2 August 2024, and are signed on its behalf by:
Ian Knight
Director
Registered Company No. 04953598
K2N LTD.
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover comprises the fair value of the consideration received or receivable for the sale of goods/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 that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Straight line (years)
Plant and machinery3
Fixtures and fittings5
Vehicles5
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20232022
Average number of employees during the year75
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 December 2220,970
Additions116,085
At 30 November 23137,055
Depreciation and impairment
At 01 December 226,841
Charge for year23,884
At 30 November 2330,725
Net book value
At 30 November 23106,330
At 30 November 2214,129
4.Creditors: amounts due within one year

2023

2022

££
Taxation and social security19466,427
Other creditors8,5734,370
Accrued liabilities and deferred income9004,911
Total9,66775,708
5.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Ian Knight3,2243,30006,524
Andrew Knight57649201,068
3,8003,79207,592
6.Share capital
The company has issued share capital of 9,410 ordinary shares of £1 each, there have been no changes in the share capital for this period.