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REGISTERED NUMBER: 04079725 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Stuart Knight Limited

Stuart Knight Limited (Registered number: 04079725)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stuart Knight Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S K Knight
Mrs N Knight





SECRETARY: Mrs N Knight





REGISTERED OFFICE: Hill House
62 Main Street
Hoby
Leicestershire
LE14 3DT





REGISTERED NUMBER: 04079725 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

Stuart Knight Limited (Registered number: 04079725)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,810 91,576

CURRENT ASSETS
Stocks 38,450 43,505
Debtors 5 2,797,308 1,767,337
Cash at bank 1,222,684 1,129,518
4,058,442 2,940,360
CREDITORS
Amounts falling due within one year 6 867,139 507,871
NET CURRENT ASSETS 3,191,303 2,432,489
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,261,113

2,524,065

CREDITORS
Amounts falling due after more than one
year

7

(148,699

)

(219,226

)

PROVISIONS FOR LIABILITIES (3,262 ) (6,791 )
NET ASSETS 3,109,152 2,298,048

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,109,150 2,298,046
3,109,152 2,298,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





S K Knight - Director


Stuart Knight Limited (Registered number: 04079725)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Stuart Knight 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 3 ).

Stuart Knight Limited (Registered number: 04079725)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 600 208,061 6,688 215,349
Additions - - 1,501 1,501
At 31 December 2023 600 208,061 8,189 216,850
DEPRECIATION
At 1 January 2023 600 116,683 6,490 123,773
Charge for year - 22,846 421 23,267
At 31 December 2023 600 139,529 6,911 147,040
NET BOOK VALUE
At 31 December 2023 - 68,532 1,278 69,810
At 31 December 2022 - 91,378 198 91,576

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 168,716 109,428
Other debtors 2,300,832 1,364,874
Directors' current accounts 327,760 293,035
2,797,308 1,767,337

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts 20,527 20,527
Trade creditors 29,499 1,511
Tax 525,314 184,323
Social security and other taxes 105,452 104,449
Other creditors 58,584 36,123
Accrued expenses 77,763 110,938
867,139 507,871

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 50,000 50,000
Bank loans - 2-5 years 45,833 95,833
Hire purchase contracts 52,866 73,393
148,699 219,226

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 73,393 93,920

Stuart Knight Limited (Registered number: 04079725)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
S K Knight and Mrs N Knight
Balance outstanding at start of year 293,035 188,597
Amounts advanced 322,106 401,575
Amounts repaid (287,381 ) (297,137 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 327,760 293,035