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REGISTERED NUMBER: 07794968 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Knightmovers Removal & Storage Limited

Knightmovers Removal & Storage Limited (Registered number: 07794968)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Knightmovers Removal & Storage Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr W M Hammond





REGISTERED OFFICE: Unit 4
Bydwynn
Llanbedr
Gwynedd
LL45 2LP





REGISTERED NUMBER: 07794968 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Knightmovers Removal & Storage Limited (Registered number: 07794968)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 127,590 110,248
127,590 110,248

CURRENT ASSETS
Debtors 6 98,365 90,930
Cash at bank and in hand 5,335 22,863
103,700 113,793
CREDITORS
Amounts falling due within one year 7 100,400 94,604
NET CURRENT ASSETS 3,300 19,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,890

129,437

CREDITORS
Amounts falling due after more than one
year

8

(71,897

)

(58,004

)

PROVISIONS FOR LIABILITIES (13,613 ) (10,059 )
NET ASSETS 45,380 61,374

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 45,280 61,274
SHAREHOLDERS' FUNDS 45,380 61,374

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.

Knightmovers Removal & Storage Limited (Registered number: 07794968)

Balance Sheet - continued
31 March 2024


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 1 October 2024 and were signed by:





Mr W M Hammond - Director


Knightmovers Removal & Storage Limited (Registered number: 07794968)

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

1. STATUTORY INFORMATION

Knightmovers Removal & Storage 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 2012, is being amortised over its useful life of ten 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.

Freehold building - 2% straight line
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 20% 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.

Knightmovers Removal & Storage Limited (Registered number: 07794968)

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

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 14,099
AMORTISATION
At 1 April 2023
and 31 March 2024 14,099
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 279,289
Additions 36,619
At 31 March 2024 315,908
DEPRECIATION
At 1 April 2023 169,041
Charge for year 19,277
At 31 March 2024 188,318
NET BOOK VALUE
At 31 March 2024 127,590
At 31 March 2023 110,248

Knightmovers Removal & Storage Limited (Registered number: 07794968)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,633 9,832
Amounts owed by associates 63,380 64,952
Other debtors 28,352 16,146
98,365 90,930

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,046 9,980
Hire purchase contracts 10,674 14,206
Payments on account 2,490 3,974
Trade creditors 40,221 2,899
Taxation and social security 7,019 23,174
Other creditors 29,950 40,371
100,400 94,604

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,490 22,505
Hire purchase contracts 29,407 5,499
Other creditors 30,000 30,000
71,897 58,004

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 22,440 32,389

A fixed and floating charge over all assets
Charge code 0779 4968 0001
Created 22 June 2016
HSBC Bank PLC

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director's loan account was in credit throughout the year.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £9,500 (2023 - £41,000) were paid to the director .