REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 January 2024 |
for |
KNOWL HILL LIMITED |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 January 2024 |
for |
KNOWL HILL LIMITED |
KNOWL HILL LIMITED (REGISTERED NUMBER: 04925459) |
Contents of the Financial Statements |
for the Year Ended 31 January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
KNOWL HILL LIMITED |
Company Information |
for the Year Ended 31 January 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1 & 2 Studley Court Mews |
Studley Court |
Guildford Road |
Chobham |
Surrey |
GU24 8EB |
KNOWL HILL LIMITED (REGISTERED NUMBER: 04925459) |
Balance Sheet |
31 January 2024 |
31/1/24 | 31/1/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The directors acknowledge their 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. |
KNOWL HILL LIMITED (REGISTERED NUMBER: 04925459) |
Balance Sheet - continued |
31 January 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
KNOWL HILL LIMITED (REGISTERED NUMBER: 04925459) |
Notes to the Financial Statements |
for the Year Ended 31 January 2024 |
1. | STATUTORY INFORMATION |
Knowl Hill Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Plant and machinery - 20% (RB) |
Fixtures & Fittings - 20% (SL) |
Computer equipment - 33% (RB) |
Motor vehicles - 25% (RB) |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
KNOWL HILL LIMITED (REGISTERED NUMBER: 04925459) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 February 2023 |
Additions |
At 31 January 2024 |
DEPRECIATION |
At 1 February 2023 |
Charge for year |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
5. | STOCKS |
31/1/24 | 31/1/23 |
£ | £ |
Stock and work in progress |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/1/24 | 31/1/23 |
£ | £ |
Trade debtors |
Inter Company- Stafford Golf | 207,541 | 207,541 |
Other debtors | - | 844 |
Social security | - | 19,181 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/1/24 | 31/1/23 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Social security and other taxes |
VAT | 7,591 | 7,589 |
Other creditors |
Inter-Company KHSL | 539,285 | 648,559 |
Bounce back loan less than 1yr | 10,000 | 10,000 |
Directors' current accounts | 673,132 | 681,482 |
Accrued expenses |
KNOWL HILL LIMITED (REGISTERED NUMBER: 04925459) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/1/24 | 31/1/23 |
£ | £ |
Hire purchase contracts |
Bounce back loan more than 1yr | 14,167 | 24,167 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/1/24 | 31/1/23 |
value: | £ | £ |
Ordinary | £.01 | 3 | 3 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 February 2023 | ( |
) |
Deficit for the year | ( |
) |
At 31 January 2024 | ( |
) |
11. | RELATED PARTY DISCLOSURES |
At the balance sheet date, the company owed the following amounts to its directors. |
Mr C Foreman - £309,052 (2023 : £318,502) |
Mr R Kensey - £364,081 (2023 : £362,981) |
12. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr R Kensey, a director of the Company. |