Company Registration No. 09109729 (England and Wales)
KNIGHT & WILSON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
KNIGHT & WILSON LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
KNIGHT & WILSON LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr. E Bailey
Mr. D Bailey
Mr. L Bannister
Secretary
Ms. R Barnes
Company number
09109729
Registered office
3 Acorn Business Centre
Northarbour Road
Cosham
Portsmouth
Hampshire
PO6 3TH
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
KNIGHT & WILSON LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
40,106
45,097
Investments
4
7,777
7,777
47,883
52,874
Current assets
Debtors
5
12,813
-
0
Creditors: amounts falling due within one year
6
(1,500)
(2,744)
Net current assets/(liabilities)
11,313
(2,744)
Total assets less current liabilities
59,196
50,130
Capital and reserves
Called up share capital
7
70
66
Share premium account
44,868
22,434
Capital redemption reserve
38
38
Profit and loss reserves
14,220
27,592
Total equity
59,196
50,130
KNIGHT & WILSON LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 18 September 2024 and are signed on its behalf by:
Mr. E Bailey
Director
Company Registration No. 09109729
The notes on pages 4 to 7 form part of these financial statements
KNIGHT & WILSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
1
Accounting policies
Company information

Knight & Wilson Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Acorn Business Centre, Northarbour Road, Cosham, Portsmouth, Hampshire, PO6 3TH.

1.1
Accounting convention

The financial statements are prepared under the historical cost convention.

 

The financial statements have been prepared on a going concern basis. The directors have considered the position of the company and are satisfied that it is appropriate for the financial statements to be prepared on the going concern basis.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Trademarks
15 year straight line
1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

KNIGHT & WILSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.5
Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black-Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.

 

Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
KNIGHT & WILSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
3
Intangible fixed assets
Trademarks
£
Cost
At 1 January 2023 and 31 December 2023
74,867
Amortisation and impairment
At 1 January 2023
29,770
Amortisation charged for the year
4,991
At 31 December 2023
34,761
Carrying amount
At 31 December 2023
40,106
At 31 December 2022
45,097
4
Fixed asset investments
2023
2022
£
£
Investments
7,777
7,777
Movements in fixed asset investments
£
Cost or valuation
At 1 January 2023 & 31 December 2023
7,777
Carrying amount
At 31 December 2023
7,777
At 31 December 2022
7,777
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
12,755
-
0
Other debtors
58
-
0
12,813
-
0
KNIGHT & WILSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
-
0
1,744
Accruals and deferred income
1,500
1,000
1,500
2,744
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
5,200
5,200
52
52
Ordinary B shares of 1p each
1,000
1,000
10
10
Ordinary C shares of 1p each
774
387
8
4
6,974
6,587
70
66

On 17/03/2023 387 Ordinary C Shares of £0.01 each were issued.

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