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REGISTERED NUMBER: 03980576 (England and Wales)















KNEAD GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






KNEAD GROUP LIMITED (REGISTERED NUMBER: 03980576)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


KNEAD GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: M J Thurlby





REGISTERED OFFICE: The Crown Hotel
6 All Saints Place
Stamford
Lincolnshire
PE9 2AG





REGISTERED NUMBER: 03980576 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 All Saints Street
Stamford
Lincolnshire
PE9 2PA

KNEAD GROUP LIMITED (REGISTERED NUMBER: 03980576)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,715,086 1,734,844
Investments 5 1 1
1,715,087 1,734,845

CURRENT ASSETS
Inventories 29,780 26,572
Debtors 6 3,099,443 2,611,146
Cash at bank and in hand 648,746 940,781
3,777,969 3,578,499
CREDITORS
Amounts falling due within one year 7 342,413 352,427
NET CURRENT ASSETS 3,435,556 3,226,072
TOTAL ASSETS LESS CURRENT LIABILITIES 5,150,643 4,960,917

PROVISIONS FOR LIABILITIES 20,707 25,321
NET ASSETS 5,129,936 4,935,596

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 5,129,836 4,935,496
SHAREHOLDERS' FUNDS 5,129,936 4,935,596

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.

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 23 September 2024 and were signed by:





M J Thurlby - Director


KNEAD GROUP LIMITED (REGISTERED NUMBER: 03980576)

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

1. STATUTORY INFORMATION

Knead Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Knead Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 402 of the Companies Act 2006 from the requirements of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Food and drink revenue is recgonised at the point of sale. Management fee income is recognised over the period in which services were provided, based on an apportionment of head office costs to companies under common control.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Freehold buildings are not depreciated as the buildings are maintained to such a standard that their residual value is not less than their cost. At each reporting date properties are reviewed for signs of impairment including consideration of the local market. If it was felt that the market value had fallen below the cost an impairment loss would be recognised.

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Government grants
Government grants are recognised when there is reasonable assurance that the grant will be received and any conditions attached will be complied with. Grants are recognised as income over the period necessary to match them with related costs, for which they are intended to compensate, on a systematic basis.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

Inventories
Inventories are stated at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving and obsolete items. Stocks are accounted for on a first-in-first-out basis.

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 statement of financial position date.


KNEAD GROUP LIMITED (REGISTERED NUMBER: 03980576)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 31 (2022 - 31 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 1,643,593 137,581 79,531
Additions - 740 -
Disposals (1,141 ) - -
At 31 December 2023 1,642,452 138,321 79,531
DEPRECIATION
At 1 January 2023 - 95,557 59,839
Charge for year - 10,522 4,922
At 31 December 2023 - 106,079 64,761
NET BOOK VALUE
At 31 December 2023 1,642,452 32,242 14,770
At 31 December 2022 1,643,593 42,024 19,692

KNEAD GROUP LIMITED (REGISTERED NUMBER: 03980576)

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

4. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 37,059 14,894 1,912,658
Additions - 5,496 6,236
Disposals - - (1,141 )
At 31 December 2023 37,059 20,390 1,917,753
DEPRECIATION
At 1 January 2023 9,243 13,175 177,814
Charge for year 6,954 2,455 24,853
At 31 December 2023 16,197 15,630 202,667
NET BOOK VALUE
At 31 December 2023 20,862 4,760 1,715,086
At 31 December 2022 27,816 1,719 1,734,844

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 337,924 372,830
Other debtors 2,761,519 2,238,316
3,099,443 2,611,146

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 83,717 126,408
Taxation and social security 164,567 130,078
Other creditors 94,129 95,941
342,413 352,427

KNEAD GROUP LIMITED (REGISTERED NUMBER: 03980576)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 985 985

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

Loans to the director
At the year end, loans due to the director totalled £688 (2022 - £665). The loans are unsecured, interest free and repayable on demand.

Company under common control
2023 2022
£ £
Sales including management charges 268,992 343,371
Purchases 27,406 13,074
Amount due from related party (including trade debtors) 3,048,920 2,574,630
The company trades and has a loan with a company under common control. The amounts due from this related party are unsecured, interest free and repayable on demand.