2023-05-01 03969512 2024-04-30 03969512 2023-05-01 2024-04-30 03969512 2023-04-30 03969512 2022-05-01 2023-04-30 03969512 uk-core:WithinOneYear 2023-04-30 03969512 uk-core:WithinOneYear 2024-04-30 03969512 uk-core:ShareCapital 2024-04-30 03969512 uk-core:ShareCapital 2023-04-30 03969512 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 03969512 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 03969512 uk-bus:Director1 2023-05-01 2024-04-30 03969512 uk-core:Vehicles 2023-05-01 2024-04-30 03969512 uk-core:FurnitureFittings 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure 03969512 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03969512 uk-bus:FRS102 2023-05-01 2024-04-30 03969512 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 03969512 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Knight Air Products Limited
Registered Number:03969512
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Knight Air Products Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
03969512
As at 30 April 2024
Knight Air Products Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
85,300
90,209
85,300
90,209
Current assets
Inventories
145,997
154,850
2
Trade and other receivables
146,851
138,088
3
441,397
Cash and cash equivalents
507,788
800,726
734,245
Trade and other payables: amounts falling due within one
year
(299,846)
(316,445)
4
434,399
484,281
Net current assets
Total assets less current liabilities
569,581
524,608
(21,300)
(17,500)
Provisions for liabilities
548,281
Net assets
507,108
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
547,281
506,108
548,281
507,108
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
P D Knight Director
These financial statements were approved and authorised for issue by the Board on 06 January 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2024
Knight Air Products Limited
Notes to the Financial Statements
Statutory Information
Knight Air Products Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 03969512.
Registered address:
Selby Mill
Richards Street
Kirkham, Preston
Lancashire
PR4 2HU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A small
entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of these financial statemens are set out below and
have remained unchanged from the previous year and have also been consistantly applied within the same
accounts
The financial statements have been prepared under the historical cost convention.
Revenue recognition
Turnover comprises the invoiced value of work done and services provided by the company.
Property, plant and equipment
Property. plant and equipment are stated at cost less depreciation.Depreciation is provided at rates appropriate to write off the cost of the assets on a straight line basis over their estimated useful lives as follows:
25% Straight line
Motor vehicles
25% Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
2. Inventories
2023
2024
£
£
Stocks
154,850
145,997
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5
For the year ended 30 April 2024
Knight Air Products Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
127,626
136,503
Other debtors
10,462
10,348
146,851
138,088
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
86,971
112,687
Taxation and social security
109,365
67,968
Other creditors
120,109
119,191
316,445
299,846
5. Average number of persons employed
During the year the average number of employees was 6 (2023 : 6)
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