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REGISTERED NUMBER: 01176860 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

NORMAN KNIGHTS LIMITED

NORMAN KNIGHTS LIMITED (REGISTERED NUMBER: 01176860)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORMAN KNIGHTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: S G Blowers
Mrs T M J Eulitz
Mrs L J Sloman
N D Sloman





REGISTERED OFFICE: Unit 1 Russell Court
Russell Gardens
Wickford
Essex
SS11 8QU





REGISTERED NUMBER: 01176860 (England and Wales)





ACCOUNTANTS: ESW Chartered Accountants
162-164 High Street
Rayleigh
Essex
SS6 7BS

NORMAN KNIGHTS LIMITED (REGISTERED NUMBER: 01176860)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 26,922 30,665
26,922 30,665

CURRENT ASSETS
Stocks 109,980 137,438
Debtors 6 312,438 346,786
Cash at bank 35,640 84,492
458,058 568,716
CREDITORS
Amounts falling due within one year 7 (227,470 ) (310,151 )
NET CURRENT ASSETS 230,588 258,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,510

289,230

PROVISIONS FOR LIABILITIES (55,000 ) (51,500 )
NET ASSETS 202,510 237,730

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 200,510 235,730
SHAREHOLDERS' FUNDS 202,510 237,730

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

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

The directors acknowledge their 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.

NORMAN KNIGHTS LIMITED (REGISTERED NUMBER: 01176860)

BALANCE SHEET - continued
31ST DECEMBER 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 11th March 2025 and were signed on its behalf by:





Mrs T M J Eulitz - Director


NORMAN KNIGHTS LIMITED (REGISTERED NUMBER: 01176860)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Norman Knights Limited 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.

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.

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 - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

NORMAN KNIGHTS LIMITED (REGISTERED NUMBER: 01176860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024
and 31st December 2024 10,000
AMORTISATION
At 1st January 2024
and 31st December 2024 10,000
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2024
and 31st December 2024 47,363 780,970 828,333
DEPRECIATION
At 1st January 2024 47,363 750,305 797,668
Charge for year - 3,743 3,743
At 31st December 2024 47,363 754,048 801,411
NET BOOK VALUE
At 31st December 2024 - 26,922 26,922
At 31st December 2023 - 30,665 30,665

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 156,438 190,786
Amounts owed by group undertakings 150,000 150,000
Other debtors 6,000 6,000
312,438 346,786

NORMAN KNIGHTS LIMITED (REGISTERED NUMBER: 01176860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 99,774 153,076
Trade creditors 83,372 96,985
Taxation and social security 31,885 48,010
Other creditors 12,439 12,080
227,470 310,151

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 46,833 44,833
Between one and five years 39,375 86,208
86,208 131,041