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Company Registration No. 10860081 (England and Wales)
Knott Kinetics Ltd Unaudited accounts for the year ended 31 July 2024
Knott Kinetics Ltd Unaudited accounts Contents
Page
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Knott Kinetics Ltd Company Information for the year ended 31 July 2024
Director
Mr Lawrence Knott
Company Number
10860081 (England and Wales)
Registered Office
49 STOKE ROAD GOSPORT PO12 1LS ENGLAND
Accountants
Zoey Mills 5 Wycliffe Road Southampton Hampshire SO18 2BY
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Knott Kinetics Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,000 
10,000 
Tangible assets
9,330 
11,244 
19,330 
21,244 
Current assets
Debtors
1,647 
1,833 
Cash at bank and in hand
4,415 
4,258 
6,062 
6,091 
Creditors: amounts falling due within one year
(27,726)
(8,265)
Net current liabilities
(21,664)
(2,174)
Total assets less current liabilities
(2,334)
19,070 
Creditors: amounts falling due after more than one year
(181)
(20,820)
Net liabilities
(2,515)
(1,750)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(2,516)
(1,751)
Shareholders' funds
(2,515)
(1,750)
For the year ending 31 July 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 7 March 2025 and were signed on its behalf by
Mr Lawrence Knott Director Company Registration No. 10860081
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Knott Kinetics Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Knott Kinetics Ltd is a private company, limited by shares, registered in England and Wales, registration number 10860081. The registered office is 49 STOKE ROAD, GOSPORT, PO12 1LS, 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
These financial statements for the year ended 31 July 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% reducing balance
Computer equipment
185 reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
10,000 
At 31 July 2024
10,000 
Amortisation
At 1 August 2023
- 
At 31 July 2024
- 
Net book value
At 31 July 2024
10,000 
At 31 July 2023
10,000 
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Knott Kinetics Ltd Notes to the Accounts for the year ended 31 July 2024
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
15,166 
11,524 
26,690 
Additions
- 
110 
110 
At 31 July 2024
15,166 
11,634 
26,800 
Depreciation
At 1 August 2023
9,216 
6,230 
15,446 
Charge for the year
1,071 
953 
2,024 
At 31 July 2024
10,287 
7,183 
17,470 
Net book value
At 31 July 2024
4,879 
4,451 
9,330 
At 31 July 2023
5,950 
5,294 
11,244 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,647 
1,833 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,393 
4,185 
Trade creditors
3,854 
2,903 
Taxes and social security
3 
2 
Other creditors
13,868 
11,686 
Loans from directors
5,608 
(10,511)
27,726 
8,265 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
19,914 
Obligations under finance leases and hire purchase contracts
181 
906 
181 
20,820 
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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