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REGISTERED NUMBER: 14964232 (England and Wales)















Unaudited Financial Statements

for the Period 26 June 2023 to 30 June 2024

for

Knights Pipes Limited

Knights Pipes Limited (Registered number: 14964232)






Contents of the Financial Statements
for the Period 26 June 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Knights Pipes Limited

Company Information
for the Period 26 June 2023 to 30 June 2024







DIRECTOR: D T Knight





REGISTERED OFFICE: 19 Warren Park Way
Enderby
Leicester
LE19 4SA





REGISTERED NUMBER: 14964232 (England and Wales)





ACCOUNTANTS: Carter & Co
19 Warren Park Way
Enderby
Leicester
LE19 4SA

Knights Pipes Limited (Registered number: 14964232)

Balance Sheet
30 June 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 35,000
Tangible assets 5 80,972
115,972

CURRENT ASSETS
Debtors 6 6,778
Cash at bank 20,874
27,652
CREDITORS
Amounts falling due within one year 7 66,819
NET CURRENT LIABILITIES (39,167 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,805

CREDITORS
Amounts falling due after more than one
year

8

(114,251

)

PROVISIONS FOR LIABILITIES (15,385 )
NET LIABILITIES (52,831 )

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings (52,931 )
SHAREHOLDERS' FUNDS (52,831 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

Knights Pipes Limited (Registered number: 14964232)

Balance Sheet - continued
30 June 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 12 September 2024 and were signed by:





D T Knight - Director


Knights Pipes Limited (Registered number: 14964232)

Notes to the Financial Statements
for the Period 26 June 2023 to 30 June 2024

1. STATUTORY INFORMATION

Knights Pipes 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Knights Pipes Limited (Registered number: 14964232)

Notes to the Financial Statements - continued
for the Period 26 June 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. The assumption depends upon the ability of the director to maintain the necessary financial support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 35,000
At 30 June 2024 35,000
NET BOOK VALUE
At 30 June 2024 35,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 94,568
At 30 June 2024 94,568
DEPRECIATION
Charge for period 13,596
At 30 June 2024 13,596
NET BOOK VALUE
At 30 June 2024 80,972

Knights Pipes Limited (Registered number: 14964232)

Notes to the Financial Statements - continued
for the Period 26 June 2023 to 30 June 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 54,795
At 30 June 2024 54,795
DEPRECIATION
Charge for period 10,274
At 30 June 2024 10,274
NET BOOK VALUE
At 30 June 2024 44,521

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 6,778

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 5,754
Other loans 8,333
Hire purchase contracts 10,983
Trade creditors 34,110
VAT 2,693
Directors' current accounts 3,853
Accrued expenses 1,093
66,819

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans - 2-5 years 40,361
Other loans - 2-5 years 38,195
Hire purchase contracts 35,695
114,251

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1.00 100

100 Ordinary shares of £1.00 each were allotted and fully paid for cash at par during the period.

Knights Pipes Limited (Registered number: 14964232)

Notes to the Financial Statements - continued
for the Period 26 June 2023 to 30 June 2024

10. GOING CONCERN

As explained in the accounting policies, the accounts have been prepared on a going concern basis. The ability to trade depends substantially on the continued support of the company's director. We have accepted management assurances that the director will maintain the financial support outlined above.