Company Registration No. 05724496 (England and Wales)
KNP Litho Limited
Unaudited accounts
for the year ended 31 August 2024
KNP Litho Limited
Unaudited accounts
Contents
KNP Litho Limited
Company Information
for the year ended 31 August 2024
Directors
D Gibbons
C Gibbons
Company Number
05724496 (England and Wales)
Registered Office
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
United Kingdom
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
KNP Litho Limited
Statement of financial position
as at 31 August 2024
Intangible assets
13,250
14,750
Tangible assets
301,507
338,697
Cash at bank and in hand
97,955
45,226
Creditors: amounts falling due within one year
(972,321)
(808,879)
Net current assets
137,964
156,161
Total assets less current liabilities
452,721
509,608
Creditors: amounts falling due after more than one year
(244,686)
(336,691)
Provisions for liabilities
Deferred tax
(57,814)
(50,700)
Net assets
150,221
122,217
Called up share capital
100
100
Revaluation reserve
75,241
75,241
Profit and loss account
74,880
46,876
Shareholders' funds
150,221
122,217
For the year ending 31 August 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by
D Gibbons
Director
Company Registration No. 05724496
KNP Litho Limited
Notes to the Accounts
for the year ended 31 August 2024
KNP Litho Limited is a private company, limited by shares, registered in England and Wales, registration number 05724496. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
15% per annum reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2023
15,000
KNP Litho Limited
Notes to the Accounts
for the year ended 31 August 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
451,030
86,638
49,061
586,729
Additions
28,785
-
1,453
30,238
At 31 August 2024
479,815
86,638
50,514
616,967
At 1 September 2023
171,035
28,548
48,449
248,032
Charge for the year
48,451
18,074
903
67,428
At 31 August 2024
219,486
46,622
49,352
315,460
At 31 August 2024
260,329
40,016
1,162
301,507
At 31 August 2023
279,995
58,090
612
338,697
Amounts falling due within one year
Trade debtors
916,415
842,580
Accrued income and prepayments
48,089
23,497
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
362,171
199,619
Obligations under finance leases and hire purchase contracts
65,937
56,765
Trade creditors
478,272
498,133
Taxes and social security
42,191
25,336
Loans from directors
-
3,750
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
101,250
146,250
Obligations under finance leases and hire purchase contracts
114,936
156,641
Other creditors
28,500
33,800
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
KNP Litho Limited
Notes to the Accounts
for the year ended 31 August 2024
10
Transactions with related parties
In the year under review the Company made sales of £nil (2022: £3586) to Print It 24 Seven Limited, a Company in which Mr Gibbons is the sole shareholder.
11
Average number of employees
During the year the average number of employees was 19 (2023: 19).