KNB TRADE LTD

Company Registration Number:
12456012 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

KNB TRADE LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

KNB TRADE LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 51,760 61,228
Total fixed assets: 51,760 61,228
Current assets
Stocks: 6,375 5,270
Debtors:   505,370 200,034
Cash at bank and in hand: 56,241 257,170
Total current assets: 567,986 462,474
Creditors: amounts falling due within one year:   (304,210) (286,579)
Net current assets (liabilities): 263,776 175,895
Total assets less current liabilities: 315,536 237,123
Creditors: amounts falling due after more than one year:   (9,667) (32,877)
Total net assets (liabilities): 305,869 204,246
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 305,769 204,146
Shareholders funds: 305,869 204,246

The notes form part of these financial statements

KNB TRADE LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 May 2024
and signed on behalf of the board by:

Name: Jong Soon KIM
Status: Director

The notes form part of these financial statements

KNB TRADE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

KNB TRADE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 42 55

KNB TRADE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 73,606
Additions 162,298
Disposals (160,415)
At 31 December 2023 75,489
Depreciation
At 01 January 2023 12,378
Charge for year 11,351
At 31 December 2023 23,729
Net book value
At 31 December 2023 51,760
At 31 December 2022 61,228