Company registration number 03530208 (England and Wales)
KNEATH ASSOCIATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
KNEATH ASSOCIATES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
7,037
5,261
Current assets
167,976
158,316
Prepayments and accrued income
4,509
4,384
Creditors: amounts falling due within one year
(56,887)
(51,622)
Net current assets
115,598
111,078
Total assets less current liabilities
122,635
116,339
Accruals and deferred income
(1,200)
(1,200)
Net assets
121,435
115,139
Capital and reserves
121,435
115,139
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
At the year end, the directors had the following advances and credits with the company:-
Mr L Kneath - Opening outstanding balance £nil, amounts advanced to director £460. Balance outstanding at year end £460.
Mr N Dindorp - Opening outstanding balance £366, amounts repaid in year (£1,000), amounts advanced to director £1,577. Balance outstanding at year end £943.
The directors loans are interest free and repayable on demand.
2
Financial commitments, guarantees and contingencies
At the year end, the company had financial commitments totalling £11,400.
3
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
6
6
4
Debtors
Included in current assets is a debt owed to the company of £43,829, this amount is falling due after more than one year.
Kneath Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Grain Store, Stanley Street, Mumbles, Swansea, SA3 4NE.
KNEATH ASSOCIATES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 13 August 2024 and are signed on its behalf by:
Mr Lawrence Kneath
Director
Company registration number 03530208 (England and Wales)