IRIS Accounts Production v24.2.0.383 00540745 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false 68341 171348 44136 103007 24205 68341 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005407452022-12-31005407452023-12-31005407452023-01-012023-12-31005407452021-12-31005407452022-01-012022-12-31005407452022-12-3100540745ns15:EnglandWales2023-01-012023-12-3100540745ns14:PoundSterling2023-01-012023-12-3100540745ns10:Director12023-01-012023-12-3100540745ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3100540745ns10:SmallEntities2023-01-012023-12-3100540745ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3100540745ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3100540745ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100540745ns10:FullAccounts2023-01-012023-12-310054074542ns10:Director22022-12-310054074542ns10:Director22021-12-310054074542ns10:Director22023-01-012023-12-310054074542ns10:Director22022-01-012022-12-310054074542ns10:Director22023-12-310054074542ns10:Director22022-12-3100540745ns10:Director22023-01-012023-12-3100540745ns10:CompanySecretary12023-01-012023-12-3100540745ns10:RegisteredOffice2023-01-012023-12-3100540745ns5:CurrentFinancialInstruments2023-12-3100540745ns5:CurrentFinancialInstruments2022-12-3100540745ns5:ShareCapital2023-12-3100540745ns5:ShareCapital2022-12-3100540745ns5:RetainedEarningsAccumulatedLosses2023-12-3100540745ns5:RetainedEarningsAccumulatedLosses2022-12-3100540745ns5:LandBuildings2023-01-012023-12-3100540745ns5:PlantMachinery2023-01-012023-12-3100540745ns5:LandBuildings2022-12-3100540745ns5:PlantMachinery2022-12-3100540745ns5:LandBuildings2023-12-3100540745ns5:PlantMachinery2023-12-3100540745ns5:LandBuildings2022-12-3100540745ns5:PlantMachinery2022-12-3100540745ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3100540745ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31005407451ns10:Director12022-12-31005407451ns10:Director12021-12-31005407451ns10:Director12023-01-012023-12-31005407451ns10:Director12022-01-012022-12-31005407451ns10:Director12023-12-31005407451ns10:Director12022-12-31
REGISTERED NUMBER: 00540745 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

T Knipe Limited

T Knipe Limited (Registered number: 00540745)






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


T Knipe Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T A Knipe
T A Knipe





SECRETARY: D H Knipe





REGISTERED OFFICE: Allithwaite Sawmill
Allithwaite
Grange over Sands
LA11 7QH





REGISTERED NUMBER: 00540745 (England and Wales)





ACCOUNTANTS: Stables, Thompson & Briscoe Ltd
Chartered Accountants & Business Advisors
Lowther House
Lowther Street
Kendal
LA9 4DX

T Knipe Limited (Registered number: 00540745)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,662 28,227

CURRENT ASSETS
Stocks 25,000 37,955
Debtors 5 168,641 191,235
Cash at bank and in hand 7,347 35,974
200,988 265,164
CREDITORS
Amounts falling due within one year 6 7,389 44,150
NET CURRENT ASSETS 193,599 221,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,261

249,241

CAPITAL AND RESERVES
Called up share capital 188,000 188,000
Retained earnings 30,261 61,241
218,261 249,241

T Knipe Limited (Registered number: 00540745)

Balance Sheet - continued
31 December 2023


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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2024 and were signed on its behalf by:





T A Knipe - Director


T Knipe Limited (Registered number: 00540745)

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

1. STATUTORY INFORMATION

T Knipe 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.
Land and buildings - 2% Straight line
Plant and machinery etc - 20% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 3 (2022 - 4 ) .

T Knipe Limited (Registered number: 00540745)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 13,558 449,316 462,874
DEPRECIATION
At 1 January 2023 13,558 421,089 434,647
Charge for year - 3,565 3,565
At 31 December 2023 13,558 424,654 438,212
NET BOOK VALUE
At 31 December 2023 - 24,662 24,662
At 31 December 2022 - 28,227 28,227

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 652 4,322
Other debtors 167,989 186,913
168,641 191,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,418 11,223
Taxation and social security 4,486 29,633
Other creditors 1,485 3,294
7,389 44,150

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
T A Knipe and T A Knipe
Balance outstanding at start of year 68,341 171,348
Amounts repaid (44,136 ) (103,007 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,205 68,341