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Company Registration No. 10541115 (England and Wales)
Knooz Limited Unaudited accounts for the year ended 31 December 2023
Knooz Limited Unaudited accounts Contents
Page
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Knooz Limited Company Information for the year ended 31 December 2023
Director
Zine Zarrouk
Company Number
10541115 (England and Wales)
Registered Office
164 New Cavendish Street London W1W 6YT England
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Knooz Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
325 
325 
Cash at bank and in hand
2,166 
2,231 
2,491 
2,556 
Creditors: amounts falling due within one year
(57,530)
(56,243)
Net current liabilities
(55,039)
(53,687)
Net liabilities
(55,039)
(53,687)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(55,139)
(53,787)
Shareholders' funds
(55,039)
(53,687)
For the year ending 31 December 2023 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 director acknowledges his 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 and authorised for issue on 22 November 2024 and were signed on its behalf by
Zine Zarrouk Director Company Registration No. 10541115
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Knooz Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Knooz Limited is a private company, limited by shares, registered in England and Wales, registration number 10541115. The registered office is 164 New Cavendish Street, London, W1W 6YT, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Computer equipment
25% straight line
Turnover
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing and completion.
Foreign exchange
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.
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Knooz Limited Notes to the Accounts for the year ended 31 December 2023
Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent upon the continued support from its shareholders and other creditors. If the company was unable to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts and to provide further liabilities that might arise. The director believes that with support from the shareholders and creditors continued funding will be provided to support the company whilst it moves towards profitability and to enable it to meet its day-to-day commitments from cashflows. As a consequence, the director believes that the company is well placed to manage its business risks successfully. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, however, the Covid-19 uncertainty remains.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
379 
At 31 December 2023
379 
Depreciation
At 1 January 2023
379 
At 31 December 2023
379 
Net book value
At 31 December 2023
- 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
133 
870 
Loans from directors
56,617 
55,373 
Accruals
780 
- 
57,530 
56,243 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Transactions with related parties
Included in other creditors is a sum of £56,617 (2022: £55,373) owed by the company to the director.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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