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
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
Knott Kinetics Ltd
Statement of financial position
as at 31 July 2024
Intangible assets
10,000
10,000
Tangible assets
9,330
11,244
Cash at bank and in hand
4,415
4,258
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)
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
Knott Kinetics Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
At 31 July 2024
15,166
11,634
26,800
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
At 31 July 2024
4,879
4,451
9,330
At 31 July 2023
5,950
5,294
11,244
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
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)
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
181
906
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).