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REGISTERED NUMBER: 09885096 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

KNIGHTS KENNELS LIMITED

KNIGHTS KENNELS LIMITED (REGISTERED NUMBER: 09885096)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

KNIGHTS KENNELS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: M Knight





REGISTERED OFFICE: 162-164 High Street
Rayleigh
Essex
SS6 7BS





REGISTERED NUMBER: 09885096 (England and Wales)





ACCOUNTANTS: ESW Chartered Accountants
162-164 High Street
Rayleigh
Essex
SS6 7BS

KNIGHTS KENNELS LIMITED (REGISTERED NUMBER: 09885096)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 105,751 103,756

CURRENT ASSETS
Debtors 5 180,629 90,858
Cash at bank and in hand 550 200
181,179 91,058
CREDITORS
Amounts falling due within one year 6 (51,851 ) (32,069 )
NET CURRENT ASSETS 129,328 58,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,079

162,745

CREDITORS
Amounts falling due after more than one
year

7

(33,991

)

(23,868

)

PROVISIONS FOR LIABILITIES 8 (21,127 ) (14,083 )
NET ASSETS 179,961 124,794

CAPITAL AND RESERVES
Called up share capital 9 100 200
Capital redemption reserve 10 (9,900 ) -
Retained earnings 10 189,761 124,594
SHAREHOLDERS' FUNDS 179,961 124,794

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

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

KNIGHTS KENNELS LIMITED (REGISTERED NUMBER: 09885096)

BALANCE SHEET - continued
31ST 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th April 2024 and were signed by:





M Knight - Director


KNIGHTS KENNELS LIMITED (REGISTERED NUMBER: 09885096)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Knights Kennels 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 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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

KNIGHTS KENNELS LIMITED (REGISTERED NUMBER: 09885096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 217,444 29,502 67,644 9,939 324,529
Additions 1,260 - 28,719 1,547 31,526
Disposals - - (7,110 ) - (7,110 )
At 31st December 2023 218,704 29,502 89,253 11,486 348,945
DEPRECIATION
At 1st January 2023 166,709 19,889 26,404 7,771 220,773
Charge for year 12,825 2,403 10,829 766 26,823
Eliminated on disposal - - (4,402 ) - (4,402 )
At 31st December 2023 179,534 22,292 32,831 8,537 243,194
NET BOOK VALUE
At 31st December 2023 39,170 7,210 56,422 2,949 105,751
At 31st December 2022 50,735 9,613 41,240 2,168 103,756

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st January 2023 60,534
Additions 28,719
At 31st December 2023 89,253
DEPRECIATION
At 1st January 2023 22,002
Charge for year 10,829
At 31st December 2023 32,831
NET BOOK VALUE
At 31st December 2023 56,422
At 31st December 2022 38,532

KNIGHTS KENNELS LIMITED (REGISTERED NUMBER: 09885096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 55,410 31,497
Other debtors 125,219 59,361
180,629 90,858

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,638 4,683
Hire purchase contracts 11,661 10,149
Taxation and social security 33,464 13,196
Other creditors 3,088 4,041
51,851 32,069

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 2,487 4,712
Hire purchase contracts 31,504 19,156
33,991 23,868

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 21,127 14,083

Deferred
tax
£   
Balance at 1st January 2023 14,083
Accelerated capital allowances 7,044
Balance at 31st December 2023 21,127

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary "A" £1 50 100
50 Ordinary "B" £1 50 100
100 200

KNIGHTS KENNELS LIMITED (REGISTERED NUMBER: 09885096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st January 2023 124,594 - 124,594
Profit for the year 104,167 104,167
Dividends (39,000 ) (39,000 )
Depreciation movement - (9,900 ) (9,900 )
At 31st December 2023 189,761 (9,900 ) 179,861

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £39,000 were paid to the directors .

Dog kennelling costs include £19,636 (2022: £19,200) charged by the company director, Mr M Knight, for the business use of personal grounds.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KNIGHTS KENNELS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Knights Kennels Limited for the year ended 31st December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Knights Kennels Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Knights Kennels Limited and state those matters that we have agreed to state to the director of Knights Kennels Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Knights Kennels Limited and its director for our work or for this report.

It is your duty to ensure that Knights Kennels Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Knights Kennels Limited. You consider that Knights Kennels Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Knights Kennels Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






ESW Chartered Accountants
162-164 High Street
Rayleigh
Essex
SS6 7BS


25th April 2024