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REGISTERED NUMBER: 07257545 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Knights Lowe Limited

Knights Lowe Limited (Registered number: 07257545)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Knights Lowe Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P A Knights
J Knights
K Vaughan
M Howes
M Mortimer





REGISTERED OFFICE: Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR





REGISTERED NUMBER: 07257545 (England and Wales)





ACCOUNTANTS: Knights Lowe
Chartered Accountants
Eldo House, Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Knights Lowe Limited (Registered number: 07257545)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,086,257 2,012,047
Tangible assets 5 90,947 96,270
Investments 6 - 170,399
2,177,204 2,278,716

CURRENT ASSETS
Debtors 7 2,430,513 2,315,277
Cash at bank and in hand 694,877 493,345
3,125,390 2,808,622
CREDITORS
Amounts falling due within one year 8 1,642,589 1,149,346
NET CURRENT ASSETS 1,482,801 1,659,276
TOTAL ASSETS LESS CURRENT LIABILITIES 3,660,005 3,937,992

CREDITORS
Amounts falling due after more than one
year

9

(206,305

)

(551,298

)

PROVISIONS FOR LIABILITIES 11 (22,737 ) (19,735 )
NET ASSETS 3,430,963 3,366,959

CAPITAL AND RESERVES
Called up share capital 12 2,100 2,100
Share premium 505,600 505,600
Capital redemption reserve 200 200
Retained earnings 2,923,063 2,859,059
SHAREHOLDERS' FUNDS 3,430,963 3,366,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Knights Lowe Limited (Registered number: 07257545)

Balance Sheet - continued
30 June 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 25 March 2025 and were signed on its behalf by:





J Knights - Director


Knights Lowe Limited (Registered number: 07257545)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Knights Lowe 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 and revenue recognition
Turnover represents amounts chargeable for professional services and commissions provided during the year, excluding value added tax.
Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of the work performed.
Turnover is not recognised where the right to receive payment is contingent on events outside the control of the company.
Unbilled revenue is included in debtors as "amounts recoverable on services".

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010 is not amortised over a set period and is therefore a departure from specific accounting standards. In order to show a true and fair view, the directors perform yearly impairment reviews and amortise if necessary to ensure goodwill is shown at its market value.

Goodwill being the amount paid in connection with the acquisition of a business in 2014 is considered to have a useful life of three years, again the directors perform yearly impairment reviews to ensure goodwill is shown at its market value.

Goodwill being the amount paid in connection with the acquisition of a business in 2022 is considered to have a useful life of five years, again the directors perform yearly impairment reviews to ensure goodwill is shown at its market value.

Goodwill being the amount paid in connection with the acquisition of a business in 2023 is considered to have a useful life of five years, again the directors perform yearly impairment reviews to ensure goodwill is shown at its market value.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 3 years straight line

Knights Lowe Limited (Registered number: 07257545)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 85 (2023 - 65 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023 2,327,860
Additions 368,060
At 30 June 2024 2,695,920
AMORTISATION
At 1 July 2023 315,813
Charge for year 293,850
At 30 June 2024 609,663
NET BOOK VALUE
At 30 June 2024 2,086,257
At 30 June 2023 2,012,047

Knights Lowe Limited (Registered number: 07257545)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 22,150 336,443 358,593
Additions - 22,028 22,028
At 30 June 2024 22,150 358,471 380,621
DEPRECIATION
At 1 July 2023 22,150 240,173 262,323
Charge for year - 27,351 27,351
At 30 June 2024 22,150 267,524 289,674
NET BOOK VALUE
At 30 June 2024 - 90,947 90,947
At 30 June 2023 - 96,270 96,270

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023 170,399
Impairments (170,399 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 170,399

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,053,922 1,954,856
Other debtors 376,591 360,421
2,430,513 2,315,277

Knights Lowe Limited (Registered number: 07257545)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,050 8,667
Trade creditors 141,418 107,067
Taxation and social security 493,598 421,623
Other creditors 993,523 611,989
1,642,589 1,149,346

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 206,305 224,198
Other creditors - 327,100
206,305 551,298

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 138,929 191,812

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 220,355 232,865

The bank borrowing is secured by a fixed and floating charge held by National Westminster Bank PLC over the assets and property of the company.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 22,737 19,735

Deferred
tax
£   
Balance at 1 July 2023 19,735
Provided during year 3,002
Balance at 30 June 2024 22,737

Knights Lowe Limited (Registered number: 07257545)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid: 2024 2023
Number: Class: Nominal
Value: £ £

1,050 Ordinary 'A' £1 1,050 1,000
700 Ordinary 'B' £1 700 700
100 Ordinary 'C' £1 100 100
100 Ordinary 'D' £1 100 100
100 Ordinary 'E' £1 100 100
50 Ordinary 'G' £1 50 50
2,100 2,100


13. ULTIMATE CONTROLLING PARTY

The controlling party is J Knights.