Company registration number 08695760 (England and Wales)
KNIGHT PLUMBING-HEATING-MECHANICAL SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
KNIGHT PLUMBING-HEATING-MECHANICAL SERVICES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
KNIGHT PLUMBING-HEATING-MECHANICAL SERVICES LTD (REGISTERED NUMBER: 08695760)
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
8,056
9,898
Current assets
Debtors
4
81,873
99,534
Cash at bank and in hand
295,894
234,695
377,767
334,229
Creditors: amounts falling due within one year
5
(59,108)
(52,113)
Net current assets
318,659
282,116
Total assets less current liabilities
326,715
292,014
Provisions for liabilities
(1,883)
-
0
Net assets
324,832
292,014
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
324,830
292,012
Total equity
324,832
292,014

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

KNIGHT PLUMBING-HEATING-MECHANICAL SERVICES LTD (REGISTERED NUMBER: 08695760)
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024
30 September 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 29 November 2024 and are signed on its behalf by:
Mr S Knight
Director
KNIGHT PLUMBING-HEATING-MECHANICAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

Knight Plumbing-Heating-Mechanical Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Suite 2, Second Floor North, The Fitted Rigging House, Anchor Wharf, The Historic Dockyard, Chatham, Kent, ME4 4TZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

KNIGHT PLUMBING-HEATING-MECHANICAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% on reducing balance
Fixtures, fittings & equipment
15% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
KNIGHT PLUMBING-HEATING-MECHANICAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 October 2023
1,749
5,492
18,978
26,219
Additions
-
0
541
-
0
541
Disposals
(305)
-
0
-
0
(305)
At 30 September 2024
1,444
6,033
18,978
26,455
Depreciation and impairment
At 1 October 2023
1,317
3,866
11,138
16,321
Depreciation charged in the year
54
298
1,960
2,312
Eliminated in respect of disposals
(234)
-
0
-
0
(234)
At 30 September 2024
1,137
4,164
13,098
18,399
Carrying amount
At 30 September 2024
307
1,869
5,880
8,056
At 30 September 2023
432
1,626
7,840
9,898
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
69,475
74,925
Other debtors
12,398
24,609
81,873
99,534
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
25,097
47,511
Taxation and social security
28,389
852
Other creditors
5,622
3,750
59,108
52,113
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