Registered number
13198336
Knox-Wells Enterprises Ltd
Unaudited Filleted Accounts
29 February 2024
Knox-Wells Enterprises Ltd
Registered number: 13198336
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 - 11,486
Cash at bank and in hand 8 2,191
8 13,677
Creditors: amounts falling due within one year 4 10 (6,509)
Net current assets 18 7,168
Net assets 18 7,168
Capital and reserves
Called up share capital 100 100
Profit and loss account (82) 7,068
Shareholders' funds 18 7,168
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Simon Wells
Director
Approved by the board on 9 August 2024
Knox-Wells Enterprises Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors - 11,486
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 1,818 5,270
Other creditors (1,828) 1,239
(10) 6,509
5 Other information
Knox-Wells Enterprises Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Mayfield House
Lower Whitley Road
Oxford
Oxfordshire
OX2 9NU
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