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REGISTERED NUMBER: 04788387 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Knott Architects Limited

Knott Architects Limited (Registered number: 04788387)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Knott Architects Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr T Knott
Mr G Knott





SECRETARY: Mr G Knott





REGISTERED OFFICE: 98b Tollington Park
London
N4 3RB





REGISTERED NUMBER: 04788387 (England and Wales)





ACCOUNTANTS: Sterling Partners Ltd
Chartered Accountants
Chartered Tax Advisors
Units 15 and 16
7 Wenlock Road
London
N1 7SL

Knott Architects Limited (Registered number: 04788387)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,313 5,429

CURRENT ASSETS
Debtors 5 17,029 19,929
Cash at bank 49,920 32,597
66,949 52,526
CREDITORS
Amounts falling due within one year 6 (54,916 ) (53,919 )
NET CURRENT ASSETS/(LIABILITIES) 12,033 (1,393 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,346

4,036

PROVISIONS FOR LIABILITIES 7 (1,029 ) (1,032 )
NET ASSETS 12,317 3,004

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 12,315 3,002
12,317 3,004

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 21 August 2024 and were signed on its behalf by:



Mr G Knott - Director


Knott Architects Limited (Registered number: 04788387)

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

1. STATUTORY INFORMATION

Knott Architects Limited 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - Straight line over 3 years
Computer equipment - Straight line over 3 years

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.

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 3 (2023 - 3 ) .

Knott Architects Limited (Registered number: 04788387)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 750 12,350 13,100
DEPRECIATION
At 1 July 2023 750 6,921 7,671
Charge for year - 4,116 4,116
At 30 June 2024 750 11,037 11,787
NET BOOK VALUE
At 30 June 2024 - 1,313 1,313
At 30 June 2023 - 5,429 5,429

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,029 19,929

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 725 687
Tax 36,382 24,531
Social security and other taxes 386 441
Pensions payable 133 46
Wages Payable - 47
VAT 14,047 14,069
Directors' current accounts 293 11,374
Accrued expenses 2,950 2,724
54,916 53,919

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,029 1,032

Deferred
tax
£   
Balance at 1 July 2023 1,032
Credit to Income Statement during year (3 )
Balance at 30 June 2024 1,029

Knott Architects Limited (Registered number: 04788387)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr G Knott
Balance outstanding at start of year (5,712 ) 4,050
Amounts advanced 56,040 48,788
Amounts repaid (50,500 ) (58,550 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (172 ) (5,712 )

Mr T Knott
Balance outstanding at start of year (5,662 ) 4,101
Amounts advanced 56,041 48,788
Amounts repaid (50,500 ) (58,551 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (121 ) (5,662 )

9. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party by virtue of their shares.