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Company Registration No. 07640702 (England and Wales)
Knight Renovations Limited Unaudited accounts for the year ended 31 May 2024
Knight Renovations Limited Unaudited accounts Contents
Page
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Knight Renovations Limited Company Information for the year ended 31 May 2024
Director
Sorin Stefanoaiea
Company Number
07640702 (England and Wales)
Registered Office
62 WILBURY WAY HITCHIN HERTFORDSHIRE SG4 0TP ENGLAND
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Knight Renovations Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,392 
41,030 
Current assets
Inventories
15,000 
51,500 
Debtors
29,558 
- 
Cash at bank and in hand
1,536 
24,281 
46,094 
75,781 
Creditors: amounts falling due within one year
(59,441)
(92,457)
Net current liabilities
(13,347)
(16,676)
Total assets less current liabilities
18,045 
24,354 
Creditors: amounts falling due after more than one year
(13,518)
(19,369)
Net assets
4,527 
4,985 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
4,526 
4,984 
Shareholders' funds
4,527 
4,985 
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 19 January 2025 and were signed on its behalf by
Sorin Stefanoaiea Director Company Registration No. 07640702
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Knight Renovations Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Knight Renovations Limited is a private company, limited by shares, registered in England and Wales, registration number 07640702. The registered office is 62 WILBURY WAY, HITCHIN, HERTFORDSHIRE, SG4 0TP, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
24,923 
58,952 
83,875 
Additions
826 
- 
826 
At 31 May 2024
25,749 
58,952 
84,701 
Depreciation
At 1 June 2023
20,811 
22,034 
42,845 
Charge for the year
1,234 
9,230 
10,464 
At 31 May 2024
22,045 
31,264 
53,309 
Net book value
At 31 May 2024
3,704 
27,688 
31,392 
At 31 May 2023
4,112 
36,918 
41,030 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
29,558 
- 
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Knight Renovations Limited Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,888 
(1,326)
Obligations under finance leases and hire purchase contracts
26,696 
29,568 
Trade creditors
810 
12,820 
Taxes and social security
5,211 
11,785 
Other creditors
20,086 
750 
Loans from directors
- 
38,860 
Accruals
750 
- 
59,441 
92,457 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,518 
19,369 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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