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Company Registration No. 12559632 (England and Wales)
Knightwell Group Ltd Unaudited accounts for the year ended 30 April 2024
Knightwell Group Ltd Unaudited accounts Contents
Page
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Knightwell Group Ltd Company Information for the year ended 30 April 2024
Director
Maxwell Aaron Grossman
Company Number
12559632 (England and Wales)
Registered Office
3rd Floor 207 Regent Street London W1B 3HH
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
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Knightwell Group Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
- 
34,450 
Debtors
29,468 
1,394 
Cash at bank and in hand
13,817 
8,675 
43,285 
44,519 
Creditors: amounts falling due within one year
(50,728)
(51,642)
Net current liabilities
(7,443)
(7,123)
Net liabilities
(7,443)
(7,123)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(7,543)
(7,223)
Shareholders' funds
(7,443)
(7,123)
For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 October 2024 and were signed on its behalf by
Maxwell Aaron Grossman Director Company Registration No. 12559632
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Knightwell Group Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Knightwell Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12559632. The registered office is 3rd Floor, 207 Regent Street, London, W1B 3HH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The financial statements have been drawn up on the going concern basis. The company is also dependent upon the continuing support of its director, which will continue for at least the next 12 months. On this basis, the director consider it appropriate to prepare the financial statements on the going concern basis.
4
Inventories
2024 
2023 
£ 
£ 
Finished goods
- 
34,450 
- 
34,450 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,740 
666 
Other debtors
25,728 
728 
29,468 
1,394 
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Knightwell Group Ltd Notes to the Accounts for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
11,793 
5,000 
Loans from directors
37,915 
45,682 
Accruals
1,020 
960 
50,728 
51,642 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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