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Registered number: 9841330
David Knight Services Ltd
Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 9841330
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,964,147 1,671,183
1,964,147 1,671,183
CURRENT ASSETS
Debtors 5 476,406 423,639
Cash at bank and in hand 87,414 20,557
563,820 444,196
Creditors: Amounts Falling Due Within One Year 6 (1,031,208 ) (830,211 )
NET CURRENT ASSETS (LIABILITIES) (467,388 ) (386,015 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,496,759 1,285,168
Creditors: Amounts Falling Due After More Than One Year 7 (398,631 ) (468,591 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (400,419 ) (344,534 )
NET ASSETS 697,709 472,043
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 697,708 472,042
SHAREHOLDERS' FUNDS 697,709 472,043
Page 1
Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Knight
Director
15/03/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
David Knight Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 9841330 . The registered office is Clement Farm, Tythegston, CF32 0ND.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 2% Straight Line
Website Design Costs 33.33% Straight Line
Motor Vehicles 20% Reducing Balance
Plant & Machinery 10% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 4
Other 12 9
16 13
4. Tangible Assets
Land & Property
Leasehold Website Design Costs Motor Vehicles Plant & Machinery
£ £ £ £
Cost
As at 1 December 2023 301,304 4,168 299,129 1,399,518
Additions 39,358 - - 646,358
Disposals - - (23,300 ) (284,398 )
As at 30 November 2024 340,662 4,168 275,829 1,761,478
...CONTINUED
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Depreciation
As at 1 December 2023 2,996 3,732 79,194 253,816
Provided during the period 6,482 144 43,717 134,549
Disposals - - (18,714 ) (75,970 )
As at 30 November 2024 9,478 3,876 104,197 312,395
Net Book Value
As at 30 November 2024 331,184 292 171,632 1,449,083
As at 1 December 2023 298,308 436 219,935 1,145,702
Computer Equipment Total
£ £
Cost
As at 1 December 2023 14,590 2,018,709
Additions 7,000 692,716
Disposals - (307,698 )
As at 30 November 2024 21,590 2,403,727
Depreciation
As at 1 December 2023 7,788 347,526
Provided during the period 1,846 186,738
Disposals - (94,684 )
As at 30 November 2024 9,634 439,580
Net Book Value
As at 30 November 2024 11,956 1,964,147
As at 1 December 2023 6,802 1,671,183
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 248,082 172,407
Prepayments and accrued income 4,541 4,428
Deferred tax current asset 223,783 246,804
476,406 423,639
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 309,836 265,972
Trade creditors 127,292 39,699
Bank loans and overdrafts 78,714 25,264
Other taxes and social security 7,595 8,450
VAT 55,171 34,806
Employee Pensions Scheme 1,291 1,262
Accruals and deferred income 13,992 11,591
Director's loan account 437,317 443,167
1,031,208 830,211
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 388,660 430,656
Bank loans 9,971 37,935
398,631 468,591
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 309,836 265,972
Later than one year and not later than five years 388,660 430,656
698,496 696,628
698,496 696,628
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 400,419 344,534
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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