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REGISTERED NUMBER: 08068389 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

KNIGHT & COMPANY LTD

KNIGHT & COMPANY LTD (REGISTERED NUMBER: 08068389)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JULY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KNIGHT & COMPANY LTD

COMPANY INFORMATION
for the Year Ended 31 JULY 2024







DIRECTOR: Mrs T Attard





SECRETARY: D Attard





REGISTERED OFFICE: 11 Castle Hill
Maidenhead
Berkshire
SL6 4AA





REGISTERED NUMBER: 08068389 (England and Wales)






KNIGHT & COMPANY LTD (REGISTERED NUMBER: 08068389)

ABRIDGED BALANCE SHEET
31 JULY 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,421 16,232
Tangible assets 5 52,068 24,123
60,489 40,355

CURRENT ASSETS
Stocks 192,127 190,778
Debtors 145,203 154,484
Cash at bank and in hand 166,897 216,288
504,227 561,550
CREDITORS
Amounts falling due within one year 139,114 209,574
NET CURRENT ASSETS 365,113 351,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,602

392,331

CREDITORS
Amounts falling due after more than one
year

16,391

-
NET ASSETS 409,211 392,331

CAPITAL AND RESERVES
Called up share capital 208 208
Capital redemption reserve 92 92
Retained earnings 408,911 392,031
SHAREHOLDERS' FUNDS 409,211 392,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

KNIGHT & COMPANY LTD (REGISTERED NUMBER: 08068389)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 January 2025 and were signed by:





Mrs T Attard - Director


KNIGHT & COMPANY LTD (REGISTERED NUMBER: 08068389)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JULY 2024

1. STATUTORY INFORMATION

Knight & Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and any recognised impairment loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

KNIGHT & COMPANY LTD (REGISTERED NUMBER: 08068389)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 11 ).

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 201,167
AMORTISATION
At 1 August 2023 184,935
Amortisation for year 7,811
At 31 July 2024 192,746
NET BOOK VALUE

At 31 July 2024 8,421
At 31 July 2023 16,232

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 194,829
Additions 45,260
Disposals (37,469 )
At 31 July 2024 202,620
DEPRECIATION
At 1 August 2023 170,706
Charge for year 13,509
Eliminated on disposal (33,663 )
At 31 July 2024 150,552
NET BOOK VALUE
At 31 July 2024 52,068
At 31 July 2023 24,123

KNIGHT & COMPANY LTD (REGISTERED NUMBER: 08068389)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JULY 2024

6. RELATED PARTY DISCLOSURES

The company was controlled during the period by its director.