2023-03-012024-02-292024-02-29false08416280D Knight Agricultural Contractors Limited2024-11-29iso4217:GBPxbrli:pure084162802023-03-01084162802024-02-29084162802023-03-012024-02-29084162802022-03-01084162802023-02-28084162802022-03-012023-02-2808416280bus:SmallEntities2023-03-012024-02-2908416280bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2908416280bus:AbridgedAccounts2023-03-012024-02-2908416280bus:PrivateLimitedCompanyLtd2023-03-012024-02-2908416280core:WithinOneYear2024-02-2908416280core:AfterOneYear2024-02-2908416280core:WithinOneYear2023-02-2808416280core:AfterOneYear2023-02-2808416280core:ShareCapital2024-02-2908416280core:SharePremium2024-02-2908416280core:RevaluationReserve2024-02-2908416280core:OtherReservesSubtotal2024-02-2908416280core:RetainedEarningsAccumulatedLosses2024-02-2908416280core:ShareCapital2023-02-2808416280core:SharePremium2023-02-2808416280core:RevaluationReserve2023-02-2808416280core:OtherReservesSubtotal2023-02-2808416280core:RetainedEarningsAccumulatedLosses2023-02-2808416280core:LandBuildings2024-02-2908416280core:PlantMachinery2024-02-2908416280core:Vehicles2024-02-2908416280core:FurnitureFittings2024-02-2908416280core:OfficeEquipment2024-02-2908416280core:NetGoodwill2024-02-2908416280core:IntangibleAssetsOtherThanGoodwill2024-02-2908416280core:ListedExchangeTraded2024-02-2908416280core:UnlistedNon-exchangeTraded2024-02-2908416280core:LandBuildings2023-02-2808416280core:PlantMachinery2023-02-2808416280core:Vehicles2023-02-2808416280core:FurnitureFittings2023-02-2808416280core:OfficeEquipment2023-02-2808416280core:NetGoodwill2023-02-2808416280core:IntangibleAssetsOtherThanGoodwill2023-02-2808416280core:ListedExchangeTraded2023-02-2808416280core:UnlistedNon-exchangeTraded2023-02-2808416280core:LandBuildings2023-03-012024-02-2908416280core:PlantMachinery2023-03-012024-02-2908416280core:Vehicles2023-03-012024-02-2908416280core:FurnitureFittings2023-03-012024-02-2908416280core:OfficeEquipment2023-03-012024-02-2908416280core:NetGoodwill2023-03-012024-02-2908416280core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2908416280core:ListedExchangeTraded2023-03-012024-02-2908416280core:UnlistedNon-exchangeTraded2023-03-012024-02-2908416280core:MoreThanFiveYears2023-03-012024-02-2908416280core:Non-currentFinancialInstruments2024-02-2908416280core:Non-currentFinancialInstruments2023-02-2808416280dpl:CostSales2023-03-012024-02-2908416280dpl:DistributionCosts2023-03-012024-02-2908416280core:LandBuildings2023-03-012024-02-2908416280core:PlantMachinery2023-03-012024-02-2908416280core:Vehicles2023-03-012024-02-2908416280core:FurnitureFittings2023-03-012024-02-2908416280core:OfficeEquipment2023-03-012024-02-2908416280dpl:AdministrativeExpenses2023-03-012024-02-2908416280core:NetGoodwill2023-03-012024-02-2908416280core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2908416280dpl:GroupUndertakings2023-03-012024-02-2908416280dpl:ParticipatingInterests2023-03-012024-02-2908416280dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2908416280core:ListedExchangeTraded2023-03-012024-02-2908416280dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2908416280core:UnlistedNon-exchangeTraded2023-03-012024-02-2908416280dpl:CostSales2022-03-012023-02-2808416280dpl:DistributionCosts2022-03-012023-02-2808416280core:LandBuildings2022-03-012023-02-2808416280core:PlantMachinery2022-03-012023-02-2808416280core:Vehicles2022-03-012023-02-2808416280core:FurnitureFittings2022-03-012023-02-2808416280core:OfficeEquipment2022-03-012023-02-2808416280dpl:AdministrativeExpenses2022-03-012023-02-2808416280core:NetGoodwill2022-03-012023-02-2808416280core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2808416280dpl:GroupUndertakings2022-03-012023-02-2808416280dpl:ParticipatingInterests2022-03-012023-02-2808416280dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2808416280core:ListedExchangeTraded2022-03-012023-02-2808416280dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2808416280core:UnlistedNon-exchangeTraded2022-03-012023-02-2808416280core:NetGoodwill2024-02-2908416280core:IntangibleAssetsOtherThanGoodwill2024-02-2908416280core:LandBuildings2024-02-2908416280core:PlantMachinery2024-02-2908416280core:Vehicles2024-02-2908416280core:FurnitureFittings2024-02-2908416280core:OfficeEquipment2024-02-2908416280core:AfterOneYear2024-02-2908416280core:WithinOneYear2024-02-2908416280core:ListedExchangeTraded2024-02-2908416280core:UnlistedNon-exchangeTraded2024-02-2908416280core:ShareCapital2024-02-2908416280core:SharePremium2024-02-2908416280core:RevaluationReserve2024-02-2908416280core:OtherReservesSubtotal2024-02-2908416280core:RetainedEarningsAccumulatedLosses2024-02-2908416280core:NetGoodwill2023-02-2808416280core:IntangibleAssetsOtherThanGoodwill2023-02-2808416280core:LandBuildings2023-02-2808416280core:PlantMachinery2023-02-2808416280core:Vehicles2023-02-2808416280core:FurnitureFittings2023-02-2808416280core:OfficeEquipment2023-02-2808416280core:AfterOneYear2023-02-2808416280core:WithinOneYear2023-02-2808416280core:ListedExchangeTraded2023-02-2808416280core:UnlistedNon-exchangeTraded2023-02-2808416280core:ShareCapital2023-02-2808416280core:SharePremium2023-02-2808416280core:RevaluationReserve2023-02-2808416280core:OtherReservesSubtotal2023-02-2808416280core:RetainedEarningsAccumulatedLosses2023-02-2808416280core:NetGoodwill2022-03-0108416280core:IntangibleAssetsOtherThanGoodwill2022-03-0108416280core:LandBuildings2022-03-0108416280core:PlantMachinery2022-03-0108416280core:Vehicles2022-03-0108416280core:FurnitureFittings2022-03-0108416280core:OfficeEquipment2022-03-0108416280core:AfterOneYear2022-03-0108416280core:WithinOneYear2022-03-0108416280core:ListedExchangeTraded2022-03-0108416280core:UnlistedNon-exchangeTraded2022-03-0108416280core:ShareCapital2022-03-0108416280core:SharePremium2022-03-0108416280core:RevaluationReserve2022-03-0108416280core:OtherReservesSubtotal2022-03-0108416280core:RetainedEarningsAccumulatedLosses2022-03-0108416280core:AfterOneYear2023-03-012024-02-2908416280core:WithinOneYear2023-03-012024-02-2908416280core:Non-currentFinancialInstrumentscore:CostValuation2023-03-012024-02-2908416280core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-012024-02-2908416280core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-012024-02-2908416280core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-012024-02-2908416280core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-012024-02-2908416280core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-012024-02-2908416280core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2908416280core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2908416280core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2908416280core:Non-currentFinancialInstrumentscore:CostValuation2024-02-2908416280core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-02-2908416280core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-02-2908416280core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-02-2908416280core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-02-2908416280core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-02-2908416280core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-02-2908416280core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-02-2908416280core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-02-2908416280core:Non-currentFinancialInstrumentscore:CostValuation2023-02-2808416280core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-2808416280core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-2808416280core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-2808416280core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-2808416280core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-2808416280core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-2808416280core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-2808416280core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-2808416280bus:Director12023-03-012024-02-29

D Knight Agricultural Contractors Limited

Registered Number
08416280
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

D Knight Agricultural Contractors Limited
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

Derek Leslie Knight

Registered Address

2 Upperton Gardens
Eastbourne
BN21 2AH

Registered Number

08416280 (England and Wales)
D Knight Agricultural Contractors Limited
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3427,268500,393
427,268500,393
Current assets
Debtors4126,321111,472
Cash at bank and on hand120,271124,923
246,592236,395
Creditors amounts falling due within one year5(247,100)(332,464)
Net current assets (liabilities)(508)(96,069)
Total assets less current liabilities426,760404,324
Provisions for liabilities(81,181)(95,075)
Net assets345,579309,249
Capital and reserves
Called up share capital11
Profit and loss account345,578309,248
Shareholders' funds345,579309,249
The financial statements were approved and authorised for issue by the Director on 29 November 2024, and are signed on its behalf by:
Derek Leslie Knight
Director
Registered Company No. 08416280
D Knight Agricultural Contractors Limited
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 231,068,760
Additions93,900
Disposals(40,000)
At 29 February 241,122,660
Depreciation and impairment
At 01 March 23568,367
Charge for year127,859
On disposals(834)
At 29 February 24695,392
Net book value
At 29 February 24427,268
At 28 February 23500,393
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables98,74967,186
Other debtors-21,291
Prepayments and accrued income27,57222,995
Total126,321111,472
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables31,39787,042
Bank borrowings and overdrafts105,876141,921
Taxation and social security8,676-
Other creditors99,700102,372
Accrued liabilities and deferred income1,4511,129
Total247,100332,464
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.