Registered number
07819556
Know Your Number Limited
Filleted Accounts
13 April 2024
Know Your Number Limited
Registered number: 07819556
Balance Sheet
as at 13 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 57,919 100,361
Investments 4 24,000 24,000
81,919 124,361
Current assets
Debtors 5 18,873 18,873
Cash at bank and in hand 40,243 24,445
59,116 43,318
Creditors: amounts falling due within one year 6 (71,146) (73,274)
Net current liabilities (12,030) (29,956)
Total assets less current liabilities 69,889 94,405
Creditors: amounts falling due after more than one year 7 (47,819) (56,762)
Net assets 22,070 37,643
Capital and reserves
Called up share capital 3 3
Profit and loss account 22,067 37,640
Shareholders' funds 22,070 37,643
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Cleaver
Director
Approved by the board on 22 October 2024
Know Your Number Limited
Notes to the Accounts
for the year ended 13 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 8% on cost
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Motor vehicles
£
Cost
At 14 April 2023 124,880
Disposals (56,490)
At 13 April 2024 68,390
Depreciation
At 14 April 2023 24,519
Charge for the year 5,471
On disposals (19,519)
At 13 April 2024 10,471
Net book value
At 13 April 2024 57,919
At 13 April 2023 100,361
4 Investments
Other
investments
£
Cost
At 14 April 2023 24,000
At 13 April 2024 24,000
5 Debtors 2024 2023
£ £
Trade debtors 7,223 7,223
Amounts owed by group undertakings and undertakings in which the company has a participating interest 11,650 11,650
18,873 18,873
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 8,942 32,399
Amounts owed to group undertakings and undertakings in which the company has a participating interest 10,038 10,593
Taxation and social security costs 51,076 29,286
Other creditors 1,090 996
71,146 73,274
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 47,819 56,762
8 Controlling party
The company is controlled by KYN (Holdings) Limited. Mr M Cleaver is a shareholder of this company.
9 Other information
Know Your Number Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Stables Copsley Court
Gayhouse Lane
Outwood
Surrey
RH1 5PP
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