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REGISTERED NUMBER: 04670886 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

KNW Group Limited

KNW Group Limited (Registered number: 04670886)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KNW Group Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: K C Keene





SECRETARY:





REGISTERED OFFICE: Keward Park
Glastonbury Road
Wells
Somerset
BA5 1QE





REGISTERED NUMBER: 04670886 (England and Wales)





ACCOUNTANTS: OCL Accountancy
141 Englishcombe Lane
Bath
BA2 2EL

KNW Group Limited (Registered number: 04670886)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 463,357 444,670
463,357 444,670

CURRENT ASSETS
Debtors 6 15,014 76,731
Cash at bank 76 76
15,090 76,807
CREDITORS
Amounts falling due within one year 7 390,540 413,931
NET CURRENT LIABILITIES (375,450 ) (337,124 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,907

107,546

CREDITORS
Amounts falling due after more than one year 8 (13,911 ) (44,585 )

PROVISIONS FOR LIABILITIES (53,487 ) (43,554 )
NET ASSETS 20,509 19,407

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 20,309 19,207
SHAREHOLDERS' FUNDS 20,509 19,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 3 October 2024 and were signed by:





K C Keene - Director


KNW Group Limited (Registered number: 04670886)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

KNW 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Land and buildings - 25% on cost
Plant and machinery etc - 20% on reducing balance and 10% 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.

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.

KNW Group Limited (Registered number: 04670886)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 2,000
AMORTISATION
At 1 April 2023
and 31 March 2024 2,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 119,804 753,567 873,371
Additions - 84,832 84,832
Disposals - (21,494 ) (21,494 )
At 31 March 2024 119,804 816,905 936,709
DEPRECIATION
At 1 April 2023 119,804 308,897 428,701
Charge for year - 53,539 53,539
Eliminated on disposal - (8,888 ) (8,888 )
At 31 March 2024 119,804 353,548 473,352
NET BOOK VALUE
At 31 March 2024 - 463,357 463,357
At 31 March 2023 - 444,670 444,670

KNW Group Limited (Registered number: 04670886)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 63,339
DEPRECIATION
At 1 April 2023 12,028
Charge for year 5,127
At 31 March 2024 17,155
NET BOOK VALUE
At 31 March 2024 46,184
At 31 March 2023 51,311

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 11,141 21,871
Other debtors 3,873 54,860
15,014 76,731

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 40,521 27,257
Hire purchase contracts 20,724 20,724
Trade creditors 62,191 210,569
Taxation and social security 20,836 (3,509 )
Other creditors 246,268 158,890
390,540 413,931

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,739 22,689
Hire purchase contracts 1,172 21,896
13,911 44,585

9. ULTIMATE CONTROLLING PARTY

The controlling party is K C Keene.