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Knight & Davey Ltd
Registered Number:11656219
For the year ended 30 November 2024
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 30 November 2024
Knight & Davey Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
11656219
As at 30 November 2024
Knight & Davey Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
14,443
12,925
2
14,443
12,925
Current assets
Inventories
23,808
30,000
3
Trade and other receivables
106,254
95,890
4
20,261
Cash and cash equivalents
1
125,891
150,323
Trade and other payables: amounts falling due within one
year
(174,177)
(182,608)
5
(23,854)
(56,717)
Net current liabilities
Total assets less current liabilities
(42,274)
(10,929)
Trade and other payables: amounts falling due after more
than one year
(6,600)
(6,281)
6
(2,744)
(2,456)
Provisions for liabilities
(51,299)
Net liabilities
(19,985)
Capital and reserves
Called up share capital
100
100
Retained earnings
(51,399)
(20,085)
(51,299)
(19,985)
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Adam James Davey Director
These financial statements were approved and authorised for issue by the Board on 15 April 2025 and were signed by:
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4
Registered Number :
11656219
For the year ended 30 November 2024
Knight & Davey Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 November 2024
Knight & Davey Ltd
Notes to the Financial Statements
Statutory Information
Knight & Davey Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 11656219.
Registered address:
Unit 20, Innovation Centre
Highfield Drive
St. Leonards-On-Sea
East Sussex
TN38 9UH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15 Reducing balance
20 Reducing balance
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 30 November 2024
Knight & Davey Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 December 2023
21,364
15,364
6,000
4,926
4,348
578
Additions
At 30 November 2024
6,578
19,712
26,290
Provision for depreciation and impairment
At 01 December 2023
8,439
5,101
3,338
Charge for year
3,408
2,922
486
At 30 November 2024
11,847
8,023
3,824
At 30 November 2024
Net book value
2,754
11,689
14,443
At 30 November 2023
2,662
10,263
12,925
3. Inventories
2023
2024
£
£
Stocks
30,000
23,808
4. Trade and other receivables
2023
2024
£
£
Trade debtors
50,935
41,103
Other debtors
44,955
65,151
106,254
95,890
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,640
4,400
Trade creditors
96,123
91,021
Taxation and social security
21,960
7,757
Other creditors
53,885
70,999
182,608
174,177
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7
For the year ended 30 November 2024
Knight & Davey Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
6,281
6,600
7. Related party transactions
At the year end, the directors owed the company £12,743 (2023: £20,058). The balance was repaid within 9 months
of the year end.
8. Average number of persons employed
During the year the average number of employees was 6 (2023 : 5)
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