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REGISTERED NUMBER: 07494848 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ANDY KNELL LIMITED

ANDY KNELL LIMITED (REGISTERED NUMBER: 07494848)






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


ANDY KNELL LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: A P J Knell





REGISTERED OFFICE: 54 Sun Street
Waltham Abbey
Essex
EN9 1EJ





REGISTERED NUMBER: 07494848 (England and Wales)





ACCOUNTANTS: KNIGHT WHEELER LIMITED
Chartered Accountants
54 Sun Street
Waltham Abbey
Essex
EN9 1EJ

ANDY KNELL LIMITED (REGISTERED NUMBER: 07494848)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 66,375 86,681

CURRENT ASSETS
Debtors 5 400,849 444,021
Cash at bank and in hand 108,838 200,348
509,687 644,369
CREDITORS
Amounts falling due within one year 6 (443,740 ) (563,487 )
NET CURRENT ASSETS 65,947 80,882
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,322

167,563

CREDITORS
Amounts falling due after more than one
year

7

(111,010

)

(142,114

)

PROVISIONS FOR LIABILITIES (15,851 ) (15,842 )
NET ASSETS 5,461 9,607

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,361 9,507
SHAREHOLDERS' FUNDS 5,461 9,607

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 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.

ANDY KNELL LIMITED (REGISTERED NUMBER: 07494848)

BALANCE SHEET - 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 director and authorised for issue on 31 October 2024 and were signed by:





A P J Knell - Director


ANDY KNELL LIMITED (REGISTERED NUMBER: 07494848)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Andy Knell 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on 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 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 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.

ANDY KNELL LIMITED (REGISTERED NUMBER: 07494848)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and any short term deposits.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation taking into account the risks and uncertainties surrounding the obligation.

Pensions

For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the defined obligation at that date. The defined benefit obligation is calculated on an annual basis by independent actuaries.

Actuarial gains and losses are recognised in full in the period in which they occur and are shown in Other Comprehensive Income.

Current and past service costs, along with settlements or curtailments, are charged to the Income Statement. Interest on pension plan liabilities are recognised within finance expense.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 3,300 7,137 99,480 6,469 116,386
Additions - - - 950 950
At 31 January 2024 3,300 7,137 99,480 7,419 117,336
DEPRECIATION
At 1 February 2023 - 3,341 19,896 6,468 29,705
Charge for year 330 714 19,896 316 21,256
At 31 January 2024 330 4,055 39,792 6,784 50,961
NET BOOK VALUE
At 31 January 2024 2,970 3,082 59,688 635 66,375
At 31 January 2023 3,300 3,796 79,584 1 86,681

ANDY KNELL LIMITED (REGISTERED NUMBER: 07494848)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 99,480
DEPRECIATION
At 1 February 2023 19,896
Charge for year 19,896
At 31 January 2024 39,792
NET BOOK VALUE
At 31 January 2024 59,688
At 31 January 2023 79,584

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 194,378 265,410
Amounts owed by participating interests 91,200 70,600
Directors' current accounts 18,729 28,157
Tax 75,438 75,438
Accrued income 19,400 2,981
Prepayments 1,704 1,435
400,849 444,021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,936 19,532
Hire purchase contracts (see note 8) 10,763 10,763
Trade creditors 35,262 183,496
Tax 78,470 34,793
VAT 75,309 85,427
Accrued expenses 224,000 229,476
443,740 563,487

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 19,936 19,532
Bank loans - 2-5 years 19,018 39,762
Hire purchase contracts (see note 8) 72,056 82,820
111,010 142,114

ANDY KNELL LIMITED (REGISTERED NUMBER: 07494848)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Gross obligations repayable:
Within one year 16,481 16,481
Between one and five years 82,539 94,646
99,020 111,127

Finance charges repayable:
Within one year 5,718 5,718
Between one and five years 10,483 11,826
16,201 17,544

Net obligations repayable:
Within one year 10,763 10,763
Between one and five years 72,056 82,820
82,819 93,583

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
A P J Knell
Balance outstanding at start of year 28,157 59,697
Amounts advanced - 28,157
Amounts repaid (9,428 ) (59,697 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,729 28,157

The above director's loan account balance will be repaid on or before 1 November 2024.

10. RELATED PARTY DISCLOSURES

Parent company

The immediate parent undertaking is Andy Knell Holdings Limited, which owns 100% of the company’s share capital. Andy Knell Holdings Limited is registered in England and Wales.

The registered office of Andy Knell Holdings Limited is St Ann's Quay, 118 Quayside, Newcastle Upon Tyne, United Kingdom, NE1 3BD.