IRIS Accounts Production v24.3.0.553 05661245 Board of Directors 1.2.23 31.1.24 31.1.24 true false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056612452023-01-31056612452024-01-31056612452023-02-012024-01-31056612452022-01-31056612452022-02-012023-01-31056612452023-01-3105661245ns15:EnglandWales2023-02-012024-01-3105661245ns14:PoundSterling2023-02-012024-01-3105661245ns10:Director12023-02-012024-01-3105661245ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3105661245ns10:SmallEntities2023-02-012024-01-3105661245ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3105661245ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3105661245ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3105661245ns10:FullAccounts2023-02-012024-01-310566124512023-02-012024-01-3105661245ns10:OrdinaryShareClass12023-02-012024-01-3105661245ns10:Director22023-02-012024-01-3105661245ns10:CompanySecretary12023-02-012024-01-3105661245ns10:RegisteredOffice2023-02-012024-01-3105661245ns5:CurrentFinancialInstruments2024-01-3105661245ns5:CurrentFinancialInstruments2023-01-3105661245ns5:Non-currentFinancialInstruments2024-01-3105661245ns5:Non-currentFinancialInstruments2023-01-3105661245ns5:ShareCapital2024-01-3105661245ns5:ShareCapital2023-01-3105661245ns5:RetainedEarningsAccumulatedLosses2024-01-3105661245ns5:RetainedEarningsAccumulatedLosses2023-01-3105661245ns5:PatentsTrademarksLicencesConcessionsSimilar2023-02-012024-01-3105661245ns5:LeaseholdImprovements2023-02-012024-01-3105661245ns5:PlantMachinery2023-02-012024-01-3105661245ns5:FurnitureFittings2023-02-012024-01-3105661245ns5:MotorVehicles2023-02-012024-01-3105661245ns5:ComputerEquipment2023-02-012024-01-3105661245ns5:NetGoodwill2023-01-3105661245ns5:IntangibleAssetsOtherThanGoodwill2023-01-3105661245ns5:NetGoodwill2023-02-012024-01-3105661245ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3105661245ns5:NetGoodwill2024-01-3105661245ns5:IntangibleAssetsOtherThanGoodwill2024-01-3105661245ns5:NetGoodwill2023-01-3105661245ns5:IntangibleAssetsOtherThanGoodwill2023-01-3105661245ns5:PlantMachinery2023-01-3105661245ns5:PlantMachinery2024-01-3105661245ns5:PlantMachinery2023-01-3105661245ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-3105661245ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-01-3105661245ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-3105661245ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3105661245ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3105661245ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 05661245 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

KNIGHT FIRE & SECURITY PRODUCTS LIMITED

KNIGHT FIRE & SECURITY PRODUCTS LIMITED (REGISTERED NUMBER: 05661245)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KNIGHT FIRE & SECURITY PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr T C Wegener
Mr C F Wegener





SECRETARY: Mr T C Wegener





REGISTERED OFFICE: 14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW





REGISTERED NUMBER: 05661245 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

KNIGHT FIRE & SECURITY PRODUCTS LIMITED (REGISTERED NUMBER: 05661245)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,967 5,844
Tangible assets 5 899,973 805,529
904,940 811,373

CURRENT ASSETS
Stocks 1,017,108 978,827
Debtors 6 1,606,448 1,510,898
Cash at bank 165,105 327,866
2,788,661 2,817,591
CREDITORS
Amounts falling due within one year 7 669,578 686,096
NET CURRENT ASSETS 2,119,083 2,131,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,024,023

2,942,868

CREDITORS
Amounts falling due after more than one
year

8

(210,453

)

(274,865

)

PROVISIONS FOR LIABILITIES (146,241 ) (64,383 )

ACCRUALS AND DEFERRED INCOME (26,910 ) (20,693 )
NET ASSETS 2,640,419 2,582,927

CAPITAL AND RESERVES
Called up share capital 11 666,080 666,080
Retained earnings 1,974,339 1,916,847
SHAREHOLDERS' FUNDS 2,640,419 2,582,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

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.

KNIGHT FIRE & SECURITY PRODUCTS LIMITED (REGISTERED NUMBER: 05661245)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





Mr T C Wegener - Director


KNIGHT FIRE & SECURITY PRODUCTS LIMITED (REGISTERED NUMBER: 05661245)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Knight Fire & Security Products 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Patents and licences
The intangible assets relate to certificates in quality of manufacturing and have been amortised at 15% on a reducing balance basis.

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.
Improvements to property - 5% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20-25% on cost
Computer equipment - 33% on cost

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Taxation
Taxation for the year 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 statement of financial position date.


KNIGHT FIRE & SECURITY PRODUCTS LIMITED (REGISTERED NUMBER: 05661245)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Government grants
Government grants of a capital nature are treated as deferred income and included in creditors within the Balance Sheet. They are then amortised to the profit and loss account in accordance with the estimated economic life of the assets to which they relate. Grants of a revenue nature are allocated to their appropriate profit and loss account heading as received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 76 (2023 - 82 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 18,000 6,470 24,470
AMORTISATION
At 1 February 2023 13,095 5,531 18,626
Charge for year 736 141 877
At 31 January 2024 13,831 5,672 19,503
NET BOOK VALUE
At 31 January 2024 4,169 798 4,967
At 31 January 2023 4,905 939 5,844

KNIGHT FIRE & SECURITY PRODUCTS LIMITED (REGISTERED NUMBER: 05661245)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 1,998,764
Additions 238,656
Disposals (151,289 )
At 31 January 2024 2,086,131
DEPRECIATION
At 1 February 2023 1,193,235
Charge for year 107,030
Eliminated on disposal (114,107 )
At 31 January 2024 1,186,158
NET BOOK VALUE
At 31 January 2024 899,973
At 31 January 2023 805,529

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

Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 239,964
DEPRECIATION
At 1 February 2023
and 31 January 2024 176,296
NET BOOK VALUE
At 31 January 2024 63,668
At 31 January 2023 63,668

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 796,307 765,571
Amounts owed by group undertakings 303,024 243,024
Other debtors 507,117 502,303
1,606,448 1,510,898

KNIGHT FIRE & SECURITY PRODUCTS LIMITED (REGISTERED NUMBER: 05661245)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included within Debtors: due within one year is a balance of £303,024 due from Knight Manufacturing Group (2023: £243,024).

Included within Debtors: due within one year is a balance of £32,400 (2023: £3,448) due from the directors to the company. The amount was repaid withinin 9 months of the balance sheet date.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 80,000 80,000
Hire purchase contracts 38,216 27,160
Trade creditors 269,509 278,284
Amounts owed to group undertakings 47,816 66,400
Taxation and social security 132,765 120,953
Other creditors 101,272 113,299
669,578 686,096

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans 100,000 180,000
Hire purchase contracts 85,812 75,917
Other creditors 24,641 18,948
210,453 274,865

9. SECURED DEBTS

The following secured debts are included within creditors:

31/1/24 31/1/23
£    £   
Hire purchase contracts 124,028 103,077

Assets owned under a hire purchase agreement are secured by the assets to which they relate.

10. FINANCIAL INSTRUMENTS

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
666,080 Ordinary £1 666,080 666,080

KNIGHT FIRE & SECURITY PRODUCTS LIMITED (REGISTERED NUMBER: 05661245)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

12. ULTIMATE CONTROLLING PARTY

The company was controlled by Mr. T. Wegener and Mr. C. Wegener, the directors, throughout the period under review by virtue of the directors holdings within the company's ultimate parent.