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REGISTERED NUMBER: 06208683 (England and Wales)


















KNOWTRA LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






KNOWTRA LTD (REGISTERED NUMBER: 06208683)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KNOWTRA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Dr S A Spall





REGISTERED OFFICE: First Floor Suite
23 Trinity Square
Llandudno
Conwy
LL30 2RH





REGISTERED NUMBER: 06208683 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

KNOWTRA LTD (REGISTERED NUMBER: 06208683)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,166 5,295

CURRENT ASSETS
Debtors 5 7,242 7,223
Cash at bank 12 11
7,254 7,234
CREDITORS
Amounts falling due within one year 6 10,350 14,181
NET CURRENT LIABILITIES (3,096 ) (6,947 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,070

(1,652

)

PROVISIONS FOR LIABILITIES 7 792 -
NET ASSETS/(LIABILITIES) 278 (1,652 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 178 (1,752 )
SHAREHOLDERS' FUNDS 278 (1,652 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KNOWTRA LTD (REGISTERED NUMBER: 06208683)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 director and authorised for issue on 22 April 2025 and were signed by:





Dr S A Spall - Director


KNOWTRA LTD (REGISTERED NUMBER: 06208683)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Knowtra Ltd 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.

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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Computer equipment - 33% on reducing balance

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 statement of financial position date.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

KNOWTRA LTD (REGISTERED NUMBER: 06208683)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 5,048 3,501 8,549
Additions - 540 540
At 30 April 2024 5,048 4,041 9,089
DEPRECIATION
At 1 May 2023 1,833 1,421 3,254
Charge for year 804 865 1,669
At 30 April 2024 2,637 2,286 4,923
NET BOOK VALUE
At 30 April 2024 2,411 1,755 4,166
At 30 April 2023 3,215 2,080 5,295

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 4,360 2,965
Other debtors 242 3,947
Director's current account 2,640 -
7,242 6,912

Amounts falling due after more than one year:
Deferred tax asset - 311

Aggregate amounts 7,242 7,223

KNOWTRA LTD (REGISTERED NUMBER: 06208683)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,967 7,849
Trade creditors 337 2,012
Tax 180 1,824
Social security and other taxes 513 111
Director's current account - 1,285
Accruals 2,353 1,100
10,350 14,181

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 792 -

Deferred
tax
£   
Accelerated capital allowances 792
Balance at 30 April 2024 792

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Dr S A Spall
Balance outstanding at start of year - 2,766
Amounts advanced 2,640 -
Amounts repaid - (2,766 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,640 -