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REGISTERED NUMBER: 13325295 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Knights Plumbing and Property
Renovations Ltd

Knights Plumbing and Property
Renovations Ltd (Registered number: 13325295)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Knights Plumbing and Property
Renovations Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr B Knight





REGISTERED OFFICE: 2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET





REGISTERED NUMBER: 13325295 (England and Wales)





ACCOUNTANTS: Accounting Solutions
2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET

Knights Plumbing and Property
Renovations Ltd (Registered number: 13325295)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,750 10,000
Tangible assets 5 4,817 2,877
13,567 12,877

CURRENT ASSETS
Debtors 6 234 2,269
Cash at bank 7,856 21,193
8,090 23,462
CREDITORS
Amounts falling due within one year 7 14,753 20,177
NET CURRENT (LIABILITIES)/ASSETS (6,663 ) 3,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,904

16,162

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,804 16,062
SHAREHOLDERS' FUNDS 6,904 16,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 August 2024 and were signed by:




Mr B Knight - Director


Knights Plumbing and Property
Renovations Ltd (Registered number: 13325295)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Knights Plumbing and Property Renovations 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Knights Plumbing and Property
Renovations Ltd (Registered number: 13325295)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 12,500
AMORTISATION
At 1 May 2023 2,500
Amortisation for year 1,250
At 30 April 2024 3,750
NET BOOK VALUE
At 30 April 2024 8,750
At 30 April 2023 10,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 2,933 7,200 1,660 11,793
Additions 3,208 - 707 3,915
At 30 April 2024 6,141 7,200 2,367 15,708
DEPRECIATION
At 1 May 2023 1,591 6,004 1,321 8,916
Charge for year 1,138 299 538 1,975
At 30 April 2024 2,729 6,303 1,859 10,891
NET BOOK VALUE
At 30 April 2024 3,412 897 508 4,817
At 30 April 2023 1,342 1,196 339 2,877

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 234 2,269

Knights Plumbing and Property
Renovations Ltd (Registered number: 13325295)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 97 647
Taxation and social security 1,370 6,863
Other creditors 13,286 12,667
14,753 20,177