2023-02-012024-01-312024-01-31falseNI004627James Knox & Sons Limited2024-10-2346730iso4217:GBPxbrli:pureNI0046272023-02-01NI0046272024-01-31NI0046272023-02-012024-01-31NI0046272022-02-01NI0046272023-01-31NI0046272022-02-012023-01-31NI004627bus:SmallEntities2023-02-012024-01-31NI004627bus:AuditExempt-NoAccountantsReport2023-02-012024-01-31NI004627bus:FullAccounts2023-02-012024-01-31NI004627bus:PrivateLimitedCompanyLtd2023-02-012024-01-31NI004627core:WithinOneYear2024-01-31NI004627core:AfterOneYear2024-01-31NI004627core:WithinOneYear2023-01-31NI004627core:AfterOneYear2023-01-31NI004627core:ShareCapital2024-01-31NI004627core:SharePremium2024-01-31NI004627core:RevaluationReserve2024-01-31NI004627core:OtherReservesSubtotal2024-01-31NI004627core:RetainedEarningsAccumulatedLosses2024-01-31NI004627core:ShareCapital2023-01-31NI004627core:SharePremium2023-01-31NI004627core:RevaluationReserve2023-01-31NI004627core:OtherReservesSubtotal2023-01-31NI004627core:RetainedEarningsAccumulatedLosses2023-01-31NI004627core:LandBuildings2024-01-31NI004627core:PlantMachinery2024-01-31NI004627core:Vehicles2024-01-31NI004627core:FurnitureFittings2024-01-31NI004627core:OfficeEquipment2024-01-31NI004627core:NetGoodwill2024-01-31NI004627core:IntangibleAssetsOtherThanGoodwill2024-01-31NI004627core:ListedExchangeTraded2024-01-31NI004627core:UnlistedNon-exchangeTraded2024-01-31NI004627core:LandBuildings2023-01-31NI004627core:PlantMachinery2023-01-31NI004627core:Vehicles2023-01-31NI004627core:FurnitureFittings2023-01-31NI004627core:OfficeEquipment2023-01-31NI004627core:NetGoodwill2023-01-31NI004627core:IntangibleAssetsOtherThanGoodwill2023-01-31NI004627core:ListedExchangeTraded2023-01-31NI004627core:UnlistedNon-exchangeTraded2023-01-31NI004627core:LandBuildings2023-02-012024-01-31NI004627core:PlantMachinery2023-02-012024-01-31NI004627core:Vehicles2023-02-012024-01-31NI004627core:FurnitureFittings2023-02-012024-01-31NI004627core:OfficeEquipment2023-02-012024-01-31NI004627core:NetGoodwill2023-02-012024-01-31NI004627core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-31NI004627core:ListedExchangeTraded2023-02-012024-01-31NI004627core:UnlistedNon-exchangeTraded2023-02-012024-01-31NI004627core:MoreThanFiveYears2023-02-012024-01-31NI004627core:Non-currentFinancialInstruments2024-01-31NI004627core:Non-currentFinancialInstruments2023-01-31NI004627dpl:CostSales2023-02-012024-01-31NI004627dpl:DistributionCosts2023-02-012024-01-31NI004627core:LandBuildings2023-02-012024-01-31NI004627core:PlantMachinery2023-02-012024-01-31NI004627core:Vehicles2023-02-012024-01-31NI004627core:FurnitureFittings2023-02-012024-01-31NI004627core:OfficeEquipment2023-02-012024-01-31NI004627dpl:AdministrativeExpenses2023-02-012024-01-31NI004627core:NetGoodwill2023-02-012024-01-31NI004627core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-31NI004627dpl:GroupUndertakings2023-02-012024-01-31NI004627dpl:ParticipatingInterests2023-02-012024-01-31NI004627dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-31NI004627core:ListedExchangeTraded2023-02-012024-01-31NI004627dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-31NI004627core:UnlistedNon-exchangeTraded2023-02-012024-01-31NI004627dpl:CostSales2022-02-012023-01-31NI004627dpl:DistributionCosts2022-02-012023-01-31NI004627core:LandBuildings2022-02-012023-01-31NI004627core:PlantMachinery2022-02-012023-01-31NI004627core:Vehicles2022-02-012023-01-31NI004627core:FurnitureFittings2022-02-012023-01-31NI004627core:OfficeEquipment2022-02-012023-01-31NI004627dpl:AdministrativeExpenses2022-02-012023-01-31NI004627core:NetGoodwill2022-02-012023-01-31NI004627core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-31NI004627dpl:GroupUndertakings2022-02-012023-01-31NI004627dpl:ParticipatingInterests2022-02-012023-01-31NI004627dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-31NI004627core:ListedExchangeTraded2022-02-012023-01-31NI004627dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-31NI004627core:UnlistedNon-exchangeTraded2022-02-012023-01-31NI004627core:NetGoodwill2024-01-31NI004627core:IntangibleAssetsOtherThanGoodwill2024-01-31NI004627core:LandBuildings2024-01-31NI004627core:PlantMachinery2024-01-31NI004627core:Vehicles2024-01-31NI004627core:FurnitureFittings2024-01-31NI004627core:OfficeEquipment2024-01-31NI004627core:AfterOneYear2024-01-31NI004627core:WithinOneYear2024-01-31NI004627core:ListedExchangeTraded2024-01-31NI004627core:UnlistedNon-exchangeTraded2024-01-31NI004627core:ShareCapital2024-01-31NI004627core:SharePremium2024-01-31NI004627core:RevaluationReserve2024-01-31NI004627core:OtherReservesSubtotal2024-01-31NI004627core:RetainedEarningsAccumulatedLosses2024-01-31NI004627core:NetGoodwill2023-01-31NI004627core:IntangibleAssetsOtherThanGoodwill2023-01-31NI004627core:LandBuildings2023-01-31NI004627core:PlantMachinery2023-01-31NI004627core:Vehicles2023-01-31NI004627core:FurnitureFittings2023-01-31NI004627core:OfficeEquipment2023-01-31NI004627core:AfterOneYear2023-01-31NI004627core:WithinOneYear2023-01-31NI004627core:Liste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James Knox & Sons Limited

Registered Number
NI004627
(Northern Ireland)

Unaudited Financial Statements for the Year ended
31 January 2024

James Knox & Sons Limited
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

Alan Thomas James Knox
Colin Samuel James Knox

Company Secretary

Alan Thomas James Knox

Registered Address

75 Newcastle Street
Kilkeel
Co Down
BT34 4AQ

Registered Number

NI004627 (Northern Ireland)
James Knox & Sons Limited
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3556,793573,310
Investment property4274,000274,000
830,793847,310
Current assets
Stocks5830,871982,290
Debtors838,180853,157
Cash at bank and on hand616,550540,567
2,285,6012,376,014
Creditors amounts falling due within one year6(484,990)(581,668)
Net current assets (liabilities)1,800,6111,794,346
Total assets less current liabilities2,631,4042,641,656
Provisions for liabilities7(6,956)(8,663)
Net assets2,624,4482,632,993
Capital and reserves
Called up share capital3,0003,000
Revaluation reserve75,00075,000
Other reserves7,0007,000
Profit and loss account2,539,4482,547,993
Shareholders' funds2,624,4482,632,993
The financial statements were approved and authorised for issue by the Board of Directors on 23 October 2024, and are signed on its behalf by:
Colin Samuel James Knox
Director
Registered Company No. NI004627
James Knox & Sons Limited
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-50
Plant and machinery25-
Fixtures and fittings25-
Vehicles25-
Investment property
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised as income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of the grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
2.Average number of employees

20242023
Average number of employees during the year4147
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Total

£££££
Cost or valuation
At 01 February 23569,89355,050111,86944,034780,846
Additions---2,1982,198
At 31 January 24569,89355,050111,86946,232783,044
Depreciation and impairment
At 01 February 2344,39145,08381,84436,218207,536
Charge for year7,3992,4916,6422,18318,715
At 31 January 2451,79047,57488,48638,401226,251
Net book value
At 31 January 24518,1037,47623,3837,831556,793
At 31 January 23525,5029,96730,0257,816573,310
4.Investment property

£
Fair value at 01 February 23274,000
At 31 January 24274,000
5.Stocks

2024

2023

££
Finished goods830,871982,290
Total830,871982,290
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables318,948287,009
Bank borrowings and overdrafts1212
Taxation and social security156,397284,514
Other creditors1,199463
Accrued liabilities and deferred income8,4349,670
Total484,990581,668
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.
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)6,9568,663
Total6,9568,663
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Colin Samuel James Knox346,497114,997114,997346,497
Director loan account
346,497114,997114,997346,497