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REGISTERED NUMBER: 03806870 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Knibb Gormezano Limited

Knibb Gormezano Limited (Registered number: 03806870)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Knibb Gormezano Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A Woodrow





REGISTERED OFFICE: The Mills
Canal Street
Derby
Derbyshire
DE1 2RJ





BUSINESS ADDRESS: SureStore
Ninth Avenue
Burton-on-Trent
Staffordshire
DE14 3JZ





REGISTERED NUMBER: 03806870 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Knibb Gormezano Limited (Registered number: 03806870)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 77,357 9,222
77,357 9,222

CURRENT ASSETS
Debtors 6 924,799 752,087
Cash at bank 38,720 44,126
963,519 796,213
CREDITORS
Amounts falling due within one year 7 293,344 288,465
NET CURRENT ASSETS 670,175 507,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

747,532

516,970

CREDITORS
Amounts falling due after more than one
year

8

45,648

-
NET ASSETS 701,884 516,970

CAPITAL AND RESERVES
Called up share capital 721 721
Capital redemption reserve 390 390
Retained earnings 700,773 515,859
SHAREHOLDERS' FUNDS 701,884 516,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Knibb Gormezano Limited (Registered number: 03806870)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





A Woodrow - Director


Knibb Gormezano Limited (Registered number: 03806870)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Knibb Gormezano 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 represents net invoiced sales of services, excluding value added tax. Turnover is accounted for in the year in which the services are provided.

In the case of work in progress it includes relevant costs and overheads plus attributable profit to date.

Goodwill
Goodwill is being amortised evenly over its remaining useful economic life of five years from 1 January 2015.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account over the period of the lease.

Hire purchase
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Knibb Gormezano Limited (Registered number: 03806870)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 205,000
AMORTISATION
At 1 January 2023
and 31 December 2023 205,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 37,479 - 51,495 88,974
Additions 174 87,000 7,953 95,127
At 31 December 2023 37,653 87,000 59,448 184,101
DEPRECIATION
At 1 January 2023 32,948 - 46,804 79,752
Charge for year 706 21,750 4,536 26,992
At 31 December 2023 33,654 21,750 51,340 106,744
NET BOOK VALUE
At 31 December 2023 3,999 65,250 8,108 77,357
At 31 December 2022 4,531 - 4,691 9,222

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 666,434 540,696
Amounts recoverable on contracts 15,000 25,000
Amounts owed by related party 186,765 165,953
Other debtors 10,839 2,382
Director's current account 25,000 -
Prepayments 20,761 18,056
924,799 752,087

Knibb Gormezano Limited (Registered number: 03806870)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 11,352 -
Trade creditors 196,514 185,349
Tax 61,246 70,809
Social security and other taxes 9,995 26,542
Other creditors 12,467 2,193
Director's current account - 663
Accrued expenses 1,770 2,909
293,344 288,465

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 45,648 -

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 11,352 -
Between one and five years 45,648 -
57,000 -

The minimum lease payments on non-cancellable operating leases committed to be paid are £31,061 (2022 - £18,659).

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 57,000 -

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, a net advance of £25,000 was made to the director. Interest was charged on the advance, which is repayable upon demand.