Company Registration No. 13929422 (England and Wales)
Knight Partners Consulting Ltd
Unaudited accounts
for the year ended 29 February 2024
Knight Partners Consulting Ltd
Unaudited accounts
Contents
Knight Partners Consulting Ltd
Company Information
for the year ended 29 February 2024
Directors
Dane Knight
Emily Knight
Company Number
13929422 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
London
WC2H 9JQ
United Kingdom
Accountants
Lane Accounting Limited
Denmark House, 143 High St,
Chalfont St Peter,
Gerrards Cross
Buckinghamshire
SL9 9QL
Knight Partners Consulting Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
2,582
1,677
Cash at bank and in hand
2,555
3,659
Creditors: amounts falling due within one year
(8,910)
(4,633)
Net current assets
7,707
15,340
Called up share capital
100
100
Profit and loss account
10,189
16,917
Shareholders' funds
10,289
17,017
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by
Emily Knight
Director
Company Registration No. 13929422
Knight Partners Consulting Ltd
Notes to the Accounts
for the year ended 29 February 2024
Knight Partners Consulting Ltd is a private company, limited by shares, registered in England and Wales, registration number 13929422. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, London, WC2H 9JQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% of cost per annum
Computer equipment
25% of cost per annum
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Knight Partners Consulting Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
1,055
1,181
2,236
At 29 February 2024
1,055
3,133
4,188
At 1 March 2023
264
295
559
Charge for the year
264
783
1,047
At 29 February 2024
528
1,078
1,606
At 29 February 2024
527
2,055
2,582
At 28 February 2023
791
886
1,677
Amounts falling due within one year
Other debtors
14,062
14,731
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,475
3,418
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest Free Loan
14,731
-
7,700
7,031
Interest Free Loan
-
7,031
-
7,031
14,731
7,031
7,700
14,062
As at 29 February 2024 D Knight & E Knight both owed the company £7,031. This is an interest free loan repayable on
demand.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).