IRIS Accounts Production v24.1.0.578 11987831 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119878312023-05-31119878312024-05-31119878312023-06-012024-05-31119878312022-05-31119878312022-06-012023-05-31119878312023-05-3111987831ns15:EnglandWales2023-06-012024-05-3111987831ns14:PoundSterling2023-06-012024-05-3111987831ns10:Director12023-06-012024-05-3111987831ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3111987831ns10:SmallEntities2023-06-012024-05-3111987831ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3111987831ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3111987831ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3111987831ns10:FullAccounts2023-06-012024-05-311198783112023-06-012024-05-3111987831ns10:Director22023-06-012024-05-3111987831ns10:RegisteredOffice2023-06-012024-05-3111987831ns5:CurrentFinancialInstruments2024-05-3111987831ns5:CurrentFinancialInstruments2023-05-3111987831ns5:Non-currentFinancialInstruments2024-05-3111987831ns5:Non-currentFinancialInstruments2023-05-3111987831ns5:ShareCapital2024-05-3111987831ns5:ShareCapital2023-05-3111987831ns5:RetainedEarningsAccumulatedLosses2024-05-3111987831ns5:RetainedEarningsAccumulatedLosses2023-05-3111987831ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3111987831ns5:ComputerSoftware2023-06-012024-05-3111987831ns5:PlantMachinery2023-06-012024-05-3111987831ns5:MotorVehicles2023-06-012024-05-3111987831ns5:ComputerEquipment2023-06-012024-05-3111987831ns5:ComputerSoftware2023-05-3111987831ns5:ComputerSoftware2024-05-3111987831ns5:ComputerSoftware2023-05-3111987831ns5:PlantMachinery2023-05-3111987831ns5:MotorVehicles2023-05-3111987831ns5:ComputerEquipment2023-05-3111987831ns5:PlantMachinery2024-05-3111987831ns5:MotorVehicles2024-05-3111987831ns5:ComputerEquipment2024-05-3111987831ns5:PlantMachinery2023-05-3111987831ns5:MotorVehicles2023-05-3111987831ns5:ComputerEquipment2023-05-3111987831ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-06-012024-05-3111987831ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-05-3111987831ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3111987831ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3111987831ns10:Director222023-05-3111987831ns10:Director222022-05-3111987831ns10:Director222023-06-012024-05-3111987831ns10:Director222022-06-012023-05-3111987831ns10:Director222024-05-3111987831ns10:Director222023-05-31119878311ns10:Director12023-05-31119878311ns10:Director12022-05-31119878311ns10:Director12023-06-012024-05-31119878311ns10:Director12022-06-012023-05-31119878311ns10:Director12024-05-31119878311ns10:Director12023-05-31
REGISTERED NUMBER: 11987831 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

KNIGHTS EVENTS LTD

KNIGHTS EVENTS LTD (REGISTERED NUMBER: 11987831)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KNIGHTS EVENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J E R Armstrong
M H O'Hagan





REGISTERED OFFICE: 5 The Quadrant
Coventry
West Midlands
CV1 2EL





REGISTERED NUMBER: 11987831 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

KNIGHTS EVENTS LTD (REGISTERED NUMBER: 11987831)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,020 6,000
Tangible assets 5 23,322 6,260
37,342 12,260

CURRENT ASSETS
Debtors 6 101,425 89,730
Cash at bank 32,990 54,945
134,415 144,675
CREDITORS
Amounts falling due within one year 7 127,671 115,933
NET CURRENT ASSETS 6,744 28,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,086

41,002

CREDITORS
Amounts falling due after more than one
year

8

19,633

22,438
NET ASSETS 24,453 18,564

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 24,451 18,562
24,453 18,564

KNIGHTS EVENTS LTD (REGISTERED NUMBER: 11987831)

BALANCE SHEET - continued
31 MAY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 4 September 2024 and were signed on its behalf by:





M H O'Hagan - Director


KNIGHTS EVENTS LTD (REGISTERED NUMBER: 11987831)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Knights Events 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 33% per annum of cost
Computer equipment - 33% per annum of 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2023 - 10 ) .

KNIGHTS EVENTS LTD (REGISTERED NUMBER: 11987831)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 June 2023 6,000
Additions 8,020
At 31 May 2024 14,020
NET BOOK VALUE
At 31 May 2024 14,020
At 31 May 2023 6,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 4,320 - 10,847 15,167
Additions 679 27,669 2,015 30,363
At 31 May 2024 4,999 27,669 12,862 45,530
DEPRECIATION
At 1 June 2023 2,236 - 6,671 8,907
Charge for year 560 9,131 3,610 13,301
At 31 May 2024 2,796 9,131 10,281 22,208
NET BOOK VALUE
At 31 May 2024 2,203 18,538 2,581 23,322
At 31 May 2023 2,084 - 4,176 6,260

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
Additions 27,669
At 31 May 2024 27,669
DEPRECIATION
Charge for year 9,131
At 31 May 2024 9,131
NET BOOK VALUE
At 31 May 2024 18,538

KNIGHTS EVENTS LTD (REGISTERED NUMBER: 11987831)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 90,757 80,468
Other debtors 10,668 9,262
101,425 89,730

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,272 9,951
Trade creditors 1,010 1,922
Taxation and social security 84,545 80,601
Other creditors 23,844 23,459
127,671 115,933

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 19,633 22,438

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
J E R Armstrong
Balance outstanding at start of year (23,459 ) (652 )
Amounts advanced 60,006 61,200
Amounts repaid (60,227 ) (84,007 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (23,680 ) (23,459 )

M H O'Hagan
Balance outstanding at start of year 62 62
Amounts advanced 60,000 80,000
Amounts repaid (60,226 ) (80,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (164 ) 62