CLOSEKNIT PEOPLE LTD

Company Registration Number:
14182336 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

CLOSEKNIT PEOPLE LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

CLOSEKNIT PEOPLE LTD

Company Information

for the Period Ended 30 June 2024




Director: Lorne Magill
Registered office: 86
Ground Floor
Penton Place
London
England
SE17 3JS
Company Registration Number: 14182336 (England and Wales)

CLOSEKNIT PEOPLE LTD

Directors' Report Period Ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Directors

The directors shown below have held office during the whole of the period from 01 July 2023 to 30 June 2024
Lorne Magill

This report was approved by the board of directors on 19 March 2025
And Signed On Behalf Of The Board By:

Name: Lorne Magill
Status: Director

CLOSEKNIT PEOPLE LTD

Profit and Loss Account

for the Period Ended 30 June 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 39,614 31,063
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 28,241 ) ( 20,493 )
Operating Profit or (Loss) 11,373 10,570
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 11,373 10,570
Tax on Profit ( 2,161 ) ( 1,687 )
Profit or (Loss) for Period 9,212 8,883

The notes form part of these financial statements

CLOSEKNIT PEOPLE LTD

Balance sheet

As at 30 June 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 5 0 0
Tangible assets: 6 1,256 1,426
Total fixed assets: 1,256 1,426
Current assets
Stocks: 0 0
Debtors: 2,820 0
Cash at bank and in hand: 6,535 6,385
Total current assets: 9,355 6,385
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: ( 3,682 ) ( 1,979 )
Net current assets (liabilities): 5,673 4,406
Total assets less current liabilities: 6,929 5,832
Creditors: amounts falling due after more than one year: ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 200 ) ( 200 )
Total net assets (liabilities): 6,729 5,632

The notes form part of these financial statements

CLOSEKNIT PEOPLE LTD

Balance sheet continued

As at 30 June 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 10 10
Revaluation reserve: 7 0 0
Profit and loss account: 6,719 5,622
Shareholders funds: 6,729 5,632

For the year ending 30 June 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 19 March 2025
And Signed On Behalf Of The Board By:

Name: Lorne Magill
Status: Director

The notes form part of these financial statements

CLOSEKNIT PEOPLE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover does not include VAT.

CLOSEKNIT PEOPLE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

CLOSEKNIT PEOPLE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 3. Off balance sheet disclosure

    No

CLOSEKNIT PEOPLE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Dividends


2024
£

2023
£
Dividends paid 8,158 3,000

CLOSEKNIT PEOPLE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 5. Intangible assets

    Total
    Cost £
    At 01 July 2023 0
    Additions 0
    Disposals (0)
    Revaluations 0
    Transfers 0
    At 30 June 2024 0
    Amortisation
    Amortisation at 01 July 2023 0
    Charge for year -
    On disposals (0)
    Other adjustments 0
    Amortisation at 30 June 2024 0
    Net book value
    Net book value at 30 June 2024 0
    Net book value at 30 June 2023 0

CLOSEKNIT PEOPLE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Tangible Assets

Total
Cost £
At 01 July 2023 1,426
Additions 0
Disposals (0)
Revaluations 0
Transfers 0
At 30 June 2024 1,426
Depreciation
At 01 July 2023 -
Charge for year 170
On disposals (0)
Other adjustments 0
At 30 June 2024 170
Net book value
At 30 June 2024 1,256
At 30 June 2023 1,426

CLOSEKNIT PEOPLE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

7. Revaluation reserve


2024
£
Balance at 01 July 2023 0
Surplus or deficit after revaluation 0
Balance at 30 June 2024 0

We did not enter a revaluation.