2022-12-012023-11-302023-11-30falseSC679513KNIGHTS GARAGE LTD2024-08-2245200iso4217:GBPxbrli:pureSC6795132022-12-01SC6795132023-11-30SC6795132022-12-012023-11-30SC6795132021-12-01SC6795132022-11-30SC6795132021-12-012022-11-30SC679513bus:SmallEntities2022-12-012023-11-30SC679513bus:AuditExempt-NoAccountantsReport2022-12-012023-11-30SC679513bus:FullAccounts2022-12-012023-11-30SC679513bus:PrivateLimitedCompanyLtd2022-12-012023-11-30SC679513core:WithinOneYear2023-11-30SC679513core:AfterOneYear2023-11-30SC679513core:WithinOneYear2022-11-30SC679513core:AfterOneYear2022-11-30SC679513core:ShareCapital2023-11-30SC679513core:SharePremium2023-11-30SC679513core:RevaluationReserve2023-11-30SC679513core:OtherReservesSubtotal2023-11-30SC679513core:RetainedEarningsAccumulatedLosses2023-11-30SC679513core:ShareCapital2022-11-30SC679513core:SharePremium2022-11-30SC679513core:RevaluationReserve2022-11-30SC679513core:OtherReservesSubtotal2022-11-30SC679513core:RetainedEarningsAccumulatedLosses2022-11-30SC679513core:LandBuildings2023-11-30SC679513core:PlantMachinery2023-11-30SC679513core:Vehicles2023-11-30SC679513core:FurnitureFittings2023-11-30SC679513core:OfficeEquipment2023-11-30SC679513core:NetGoodwill2023-11-30SC679513core:IntangibleAssetsOtherThanGoodwill2023-11-30SC679513core:ListedExchangeTraded2023-11-30SC679513core:UnlistedNon-exchangeTraded2023-11-30SC679513core:LandBuildings2022-11-30SC679513core:PlantMachinery2022-11-30SC679513core:Vehicles2022-11-30SC679513core:FurnitureFittings2022-11-30SC679513core:OfficeEquipment2022-11-30SC679513core:NetGoodwill2022-11-30SC679513core:IntangibleAssetsOtherThanGoodwill2022-11-30SC679513core:ListedExchangeTraded2022-11-30SC679513core:UnlistedNon-exchangeTraded2022-11-30SC679513core:LandBuildings2022-12-012023-11-30SC679513core:PlantMachinery2022-12-012023-11-30SC679513core:Vehicles2022-12-012023-11-30SC679513core:FurnitureFittings2022-12-012023-11-30SC679513core:OfficeEquipment2022-12-012023-11-30SC679513core:NetGoodwill2022-12-012023-11-30SC679513core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-30SC679513core:ListedExchangeTraded2022-12-012023-11-30SC679513core:UnlistedNon-exchangeTraded2022-12-012023-11-30SC679513core:MoreThanFiveYears2022-12-012023-11-30SC679513core:Non-currentFinancialInstruments2023-11-30SC679513core:Non-currentFinancialInstruments2022-11-30SC679513dpl:CostSales2022-12-012023-11-30SC679513dpl:DistributionCosts2022-12-012023-11-30SC679513core:LandBuildings2022-12-012023-11-30SC679513core:PlantMachinery2022-12-012023-11-30SC679513core:Vehicles2022-12-012023-11-30SC679513core:FurnitureFittings2022-12-012023-11-30SC679513core:OfficeEquipment2022-12-012023-11-30SC679513dpl:AdministrativeExpenses2022-12-012023-11-30SC679513core:NetGoodwill2022-12-012023-11-30SC679513core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-30SC679513dpl:GroupUndertakings2022-12-012023-11-30SC679513dpl:ParticipatingInterests2022-12-012023-11-30SC679513dpl:GroupUndertakingscore:ListedExchangeTraded2022-12-012023-11-30SC679513core:ListedExchangeTraded2022-12-012023-11-30SC679513dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-12-012023-11-30SC679513core:UnlistedNon-exchangeTraded2022-12-012023-11-30SC679513dpl:CostSales2021-12-012022-11-30SC679513dpl:DistributionCosts2021-12-012022-11-30SC679513core:LandBuildings2021-12-012022-11-30SC679513core:PlantMachinery2021-12-012022-11-30SC679513core:Vehicles2021-12-012022-11-30SC679513core:FurnitureFittings2021-12-012022-11-30SC679513core:OfficeEquipment2021-12-012022-11-30SC679513dpl:AdministrativeExpenses2021-12-012022-11-30SC679513core:NetGoodwill2021-12-012022-11-30SC679513core:IntangibleAssetsOtherThanGoodwill2021-12-012022-11-30SC679513dpl:GroupUndertakings2021-12-012022-11-30SC679513dpl:ParticipatingInterests2021-12-012022-11-30SC679513dpl:GroupUndertakingscore:ListedExchangeTraded2021-12-012022-11-30SC679513core:ListedExchangeTraded2021-12-012022-11-30SC679513dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-12-012022-11-30SC679513core:UnlistedNon-exchangeTraded2021-12-012022-11-30SC679513core:NetGoodwill2023-11-30SC679513core:IntangibleAssetsOtherThanGoodwill2023-11-30SC679513core:LandBuildings2023-11-30SC679513core:PlantMachinery2023-11-30SC679513core:Vehicles2023-11-30SC679513core:FurnitureFittings2023-11-30SC679513core:OfficeEquipment2023-11-30SC679513core:AfterOneYear2023-11-30SC679513core:WithinOneYear2023-11-30SC679513core:ListedExchangeTraded2023-11-30SC679513core:UnlistedNon-exchangeTraded2023-11-30SC679513core:ShareCapital2023-11-30SC679513core:SharePremium2023-11-30SC679513core:RevaluationReserve2023-11-30SC679513core:OtherReservesSubtotal2023-11-30SC679513core:RetainedEarningsAccumulatedLosses2023-11-30SC679513core:NetGoodwill2022-11-30SC679513core:IntangibleAssetsOtherThanGoodwill2022-11-30SC679513core:LandBuildings2022-11-30SC679513core:PlantMachinery2022-11-30SC679513core:Vehicles2022-11-30SC679513core:FurnitureFittings2022-11-30SC679513core:OfficeEquipment2022-11-30SC679513core:AfterOneYear2022-11-30SC679513core:WithinOneYear2022-11-30SC679513core:ListedExchangeTraded2022-11-30SC679513core:UnlistedNon-exchangeTraded2022-11-30SC679513core:ShareCapital2022-11-30SC679513core:SharePremium2022-11-30SC679513core:RevaluationReserve2022-11-30SC679513core:OtherReservesSubtotal2022-11-30SC679513core:RetainedEarningsAccumulatedLosses2022-11-30SC679513core:NetGoodwill2021-12-01SC679513core:IntangibleAssetsOtherThanGoodwill2021-12-01SC679513core:LandBuildings2021-12-01SC679513core:PlantMachinery2021-12-01SC679513core:Vehicles2021-12-01SC679513core:FurnitureFittings2021-12-01SC679513core:OfficeEquipment2021-12-01SC679513core:AfterOneYear2021-12-01SC679513core:WithinOneYear2021-12-01SC679513core:ListedExchangeTraded2021-12-01SC679513core:UnlistedNon-exchangeTraded2021-12-01SC679513core:ShareCapital2021-12-01SC679513core:SharePremium2021-12-01SC679513core:RevaluationReserve2021-12-01SC679513core:OtherReservesSubtotal2021-12-01SC679513core:RetainedEarningsAccumulatedLosses2021-12-01SC679513core:AfterOneYear2022-12-012023-11-30SC679513core:WithinOneYear2022-12-012023-11-30SC679513core:Non-currentFinancialInstrumentscore:CostValuation2022-12-012023-11-30SC679513core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-012023-11-30SC679513core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-012023-11-30SC679513core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-012023-11-30SC679513core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-012023-11-30SC679513core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-012023-11-30SC679513core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-012023-11-30SC679513core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-012023-11-30SC679513core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-012023-11-30SC679513core:Non-currentFinancialInstrumentscore:CostValuation2023-11-30SC679513core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-11-30SC679513core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-11-30SC679513core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-11-30SC679513core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-11-30SC679513core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-11-30SC679513core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-11-30SC679513core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-11-30SC679513core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-11-30SC679513core:Non-currentFinancialInstrumentscore:CostValuation2022-11-30SC679513core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-11-30SC679513core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-11-30SC679513core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-11-30SC679513core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-11-30SC679513core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-11-30SC679513core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-11-30SC679513core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-11-30SC679513core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-11-30SC679513bus:Director12022-12-012023-11-30

KNIGHTS GARAGE LTD

Registered Number
SC679513
(Scotland)

Unaudited Financial Statements for the Year ended
30 November 2023

KNIGHTS GARAGE LTD
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

KNIGHT, Luke

Registered Address

72 Calfhill Road
Glasgow
G53 5YJ

Registered Number

SC679513 (Scotland)
KNIGHTS GARAGE LTD
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets38,4967,553
8,4967,553
Current assets
Debtors44,89165,605
Cash at bank and on hand49,21742,731
94,108108,336
Creditors amounts falling due within one year4(100,124)(121,466)
Net current assets (liabilities)(6,016)(13,130)
Total assets less current liabilities2,480(5,577)
Net assets2,480(5,577)
Capital and reserves
Profit and loss account2,480(5,577)
Shareholders' funds2,480(5,577)
The financial statements were approved and authorised for issue by the Director on 22 August 2024, and are signed on its behalf by:
KNIGHT, Luke
Director
Registered Company No. SC679513
KNIGHTS GARAGE LTD
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 December 229,5001,04210,542
Additions3,1502743,424
At 30 November 2312,6501,31613,966
Depreciation and impairment
At 01 December 222,6673222,989
Charge for year2,2432382,481
At 30 November 234,9105605,470
Net book value
At 30 November 237,7407568,496
At 30 November 226,8337207,553
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables87,11971,396
Bank borrowings and overdrafts6,08548,583
Taxation and social security6,9201,487
Total100,124121,466
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.