IRIS Accounts Production v24.1.4.33 11763107 Board of Directors 1.2.23 31.1.24 31.1.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117631072023-01-31117631072024-01-31117631072023-02-012024-01-31117631072022-01-31117631072022-02-012023-01-31117631072023-01-3111763107ns15:EnglandWales2023-02-012024-01-3111763107ns14:PoundSterling2023-02-012024-01-3111763107ns10:Director12023-02-012024-01-3111763107ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3111763107ns10:SmallEntities2023-02-012024-01-3111763107ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3111763107ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3111763107ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3111763107ns10:FullAccounts2023-02-012024-01-3111763107ns10:OrdinaryShareClass12023-02-012024-01-3111763107ns10:Director22023-02-012024-01-3111763107ns10:RegisteredOffice2023-02-012024-01-3111763107ns5:CurrentFinancialInstruments2024-01-3111763107ns5:CurrentFinancialInstruments2023-01-3111763107ns5:ShareCapital2024-01-3111763107ns5:ShareCapital2023-01-3111763107ns5:RetainedEarningsAccumulatedLosses2024-01-3111763107ns5:RetainedEarningsAccumulatedLosses2023-01-3111763107ns5:PlantMachinery2023-01-3111763107ns5:FurnitureFittings2023-01-3111763107ns5:ComputerEquipment2023-01-3111763107ns5:PlantMachinery2023-02-012024-01-3111763107ns5:FurnitureFittings2023-02-012024-01-3111763107ns5:ComputerEquipment2023-02-012024-01-3111763107ns5:PlantMachinery2024-01-3111763107ns5:FurnitureFittings2024-01-3111763107ns5:ComputerEquipment2024-01-3111763107ns5:PlantMachinery2023-01-3111763107ns5:FurnitureFittings2023-01-3111763107ns5:ComputerEquipment2023-01-3111763107ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3111763107ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3111763107ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 11763107 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Knowmatics Ltd

Knowmatics Ltd (Registered number: 11763107)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Knowmatics Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: J Scuffell
D P Scuffell





REGISTERED OFFICE: 71-75 Shelton Street
United Kingdom
London
WC2H 9JQ





REGISTERED NUMBER: 11763107 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Knowmatics Ltd (Registered number: 11763107)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,798 6,051

CURRENT ASSETS
Debtors 5 16,331 10,103
Cash at bank 13,766 16,948
30,097 27,051
CREDITORS
Amounts falling due within one year 6 13,884 3,416
NET CURRENT ASSETS 16,213 23,635
TOTAL ASSETS LESS CURRENT LIABILITIES 24,011 29,686

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 23,011 28,686
SHAREHOLDERS' FUNDS 24,011 29,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





J Scuffell - Director


Knowmatics Ltd (Registered number: 11763107)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Knowmatics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 3 year straight line
Plant and machinery - 3 year straight line
Fixtures and fittings - 3 year straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Knowmatics Ltd (Registered number: 11763107)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 9,326 228 3,673 13,227
Additions 1,699 - 4,741 6,440
Disposals (208 ) - (481 ) (689 )
At 31 January 2024 10,817 228 7,933 18,978
DEPRECIATION
At 1 February 2023 3,678 152 3,346 7,176
Charge for year 3,327 76 1,290 4,693
Eliminated on disposal (208 ) - (481 ) (689 )
At 31 January 2024 6,797 228 4,155 11,180
NET BOOK VALUE
At 31 January 2024 4,020 - 3,778 7,798
At 31 January 2023 5,648 76 327 6,051

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 12,043 -
Other debtors 4,288 10,103
16,331 10,103

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors - 300
Taxation and social security 1,688 -
Other creditors 12,196 3,116
13,884 3,416

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. RELATED PARTY DISCLOSURES

During the period the directors maintained a loan account with the Company. At the period end the Company owed the directors £4,895 (2023 £3,115). This loan is interest free, repayable on demand and shown within other creditors.