2023-04-01 06023133 2024-03-31 06023133 2023-04-01 2024-03-31 06023133 2023-03-31 06023133 2022-04-01 2023-03-31 06023133 uk-core:WithinOneYear 2023-03-31 06023133 uk-core:WithinOneYear 2024-03-31 06023133 uk-core:ShareCapital 2024-03-31 06023133 uk-core:ShareCapital 2023-03-31 06023133 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 06023133 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 06023133 uk-bus:Director1 2023-04-01 2024-03-31 06023133 uk-core:ToolsEquipment 2023-03-31 06023133 uk-core:Buildings 2023-03-31 06023133 uk-core:ToolsEquipment 2023-04-01 2024-03-31 06023133 uk-core:Buildings 2023-04-01 2024-03-31 06023133 uk-core:Buildings 2024-03-31 06023133 uk-core:ToolsEquipment 2024-03-31 06023133 uk-core:WithinOneYear uk-core:Secured 2024-03-31 06023133 uk-core:WithinOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure 06023133 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06023133 uk-bus:FRS102 2023-04-01 2024-03-31 06023133 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 06023133 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Knight Accountants Limited
Registered Number:06023133
For the year ended 31 March 2024
Unknown
Unaudited Financial Statements
2
For the year ended 31 March 2024
Knight Accountants Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
06023133
As at 31 March 2024
Knight Accountants Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
62,673
54,389
2
62,673
54,389
Current assets
Trade and other receivables
1,530,920
2,005,972
3
146,482
Cash and cash equivalents
88,900
2,094,872
1,677,402
Trade and other payables: amounts falling due within one
year
(177,001)
(212,946)
4
1,500,401
1,881,926
Net current assets
Total assets less current liabilities
1,944,599
1,554,790
1,944,599
Net assets
1,554,790
Capital and reserves
Called up share capital
6
6
Retained earnings
1,944,593
1,554,784
1,944,599
1,554,790
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Kellie Knight Director
These financial statements were approved and authorised for issue by the Board on 17 July 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Knight Accountants Limited
Notes to the Financial Statements
Statutory Information
Knight Accountants Limited is a private limited company, limited by shares, domiciled in Unknown, registration number
06023133.
Registered address:
2-6 Sedlescombe Road North
St. Leonards-On-Sea
TN37 7DG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2. Property, plant and equipment
Total
Computer
equipment
Land and
buildings
£
£
£
Cost or
valuation
At 01 April 2023
82,912
37,434
45,478
14,358
14,358
-
Additions
At 31 March 2024
45,478
51,792
97,270
Provision for depreciation and impairment
At 01 April 2023
28,523
25,148
3,375
Charge for year
6,074
4,255
1,819
At 31 March 2024
34,597
29,403
5,194
At 31 March 2024
Net book value
40,284
22,389
62,673
At 31 March 2023
42,103
12,286
54,389
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5
For the year ended 31 March 2024
Knight Accountants Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
128,260
113,022
Amounts owed by group undertakings and participating interests
1,874,524
1,412,638
Other debtors
3,188
5,260
1,530,920
2,005,972
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
-
21,498
Trade creditors
3,372
-
Taxation and social security
208,909
154,946
Other creditors
665
557
212,946
177,001
5. Related party transactions
At the year end, the directors were owed £0 (2023: £163).
At the year end, there was an amount owed of £1,874,524 (2023: £1,412,638) by Fort Knight Invest Limited, a
company under common control
6. Average number of persons employed
During the year the average number of employees was 8 (2023 : 6)
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