Wares of Knutsford Ltd 04305550 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the buying and selling of glass bottles and jars Digita Accounts Production Advanced 6.30.9574.0 true 04305550 2024-01-01 2024-12-31 04305550 2024-12-31 04305550 bus:OrdinaryShareClass1 2024-12-31 04305550 bus:OrdinaryShareClass2 2024-12-31 04305550 bus:OrdinaryShareClass3 2024-12-31 04305550 bus:OrdinaryShareClass4 2024-12-31 04305550 bus:OrdinaryShareClass5 2024-12-31 04305550 bus:OtherShareClass1 2024-12-31 04305550 core:RetainedEarningsAccumulatedLosses 2024-12-31 04305550 core:ShareCapital 2024-12-31 04305550 core:CurrentFinancialInstruments 2024-12-31 04305550 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04305550 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 04305550 core:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 04305550 core:FurnitureFittings 2024-12-31 04305550 core:OfficeEquipment 2024-12-31 04305550 core:PlantMachinery 2024-12-31 04305550 bus:SmallEntities 2024-01-01 2024-12-31 04305550 bus:Audited 2024-01-01 2024-12-31 04305550 bus:FilletedAccounts 2024-01-01 2024-12-31 04305550 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04305550 bus:RegisteredOffice 2024-01-01 2024-12-31 04305550 bus:Director1 2024-01-01 2024-12-31 04305550 bus:Director2 2024-01-01 2024-12-31 04305550 bus:Director3 2024-01-01 2024-12-31 04305550 bus:Director5 2024-01-01 2024-12-31 04305550 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 04305550 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 04305550 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 04305550 bus:OrdinaryShareClass4 2024-01-01 2024-12-31 04305550 bus:OrdinaryShareClass5 2024-01-01 2024-12-31 04305550 bus:OtherShareClass1 2024-01-01 2024-12-31 04305550 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04305550 core:ComputerSoftware 2024-01-01 2024-12-31 04305550 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 04305550 core:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 04305550 core:PatentsTrademarksLicencesConcessionsSimilar 2024-01-01 2024-12-31 04305550 core:FurnitureFittings 2024-01-01 2024-12-31 04305550 core:OfficeEquipment 2024-01-01 2024-12-31 04305550 core:PlantMachinery 2024-01-01 2024-12-31 04305550 countries:EnglandWales 2024-01-01 2024-12-31 04305550 2023-12-31 04305550 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 04305550 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 04305550 core:FurnitureFittings 2023-12-31 04305550 core:OfficeEquipment 2023-12-31 04305550 core:PlantMachinery 2023-12-31 04305550 2023-01-01 2023-12-31 04305550 2023-12-31 04305550 bus:OrdinaryShareClass1 2023-12-31 04305550 bus:OrdinaryShareClass2 2023-12-31 04305550 bus:OrdinaryShareClass3 2023-12-31 04305550 bus:OrdinaryShareClass4 2023-12-31 04305550 bus:OrdinaryShareClass5 2023-12-31 04305550 bus:OtherShareClass1 2023-12-31 04305550 core:RetainedEarningsAccumulatedLosses 2023-12-31 04305550 core:ShareCapital 2023-12-31 04305550 core:CurrentFinancialInstruments 2023-12-31 04305550 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04305550 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 04305550 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 04305550 core:FurnitureFittings 2023-12-31 04305550 core:OfficeEquipment 2023-12-31 04305550 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04305550

Wares of Knutsford Ltd

Filleted Financial Statements

for the Year Ended 31 December 2024

 

Wares of Knutsford Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Wares of Knutsford Ltd

Company Information

Directors

D Mann

J Gaasch

M A Schofield

C Francois

Registered office

c/o Pattesons Glass Limited
Blossom Avenue
Hewitts Business Park
Humberston
N E Lincs
DN36 4TQ

 

Wares of Knutsford Ltd

(Registration number: 04305550)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

5,955

4,064

Tangible assets

5

16,231

24,143

 

22,186

28,207

Current assets

 

Stocks

6

369,083

266,878

Debtors

7

121,780

128,454

Cash at bank and in hand

 

43,566

26,299

 

534,429

421,631

Creditors: Amounts falling due within one year

8

(132,444)

(138,915)

Net current assets

 

401,985

282,716

Total assets less current liabilities

 

424,171

310,923

Provisions for liabilities

(4,890)

(5,934)

Net assets

 

419,281

304,989

Capital and reserves

 

Called up share capital

9

2

2

Retained earnings

419,279

304,987

Shareholders' funds

 

419,281

304,989

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 June 2025 and signed on its behalf by:
 

.........................................
D Mann
Director

.........................................
M A Schofield
Director

 

Wares of Knutsford Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales and the company registration number is 04305550.

The address of its registered office is:
c/o Pattesons Glass Limited
Blossom Avenue
Hewitts Business Park
Humberston
N E Lincs
DN36 4TQ
United Kingdom

These financial statements cover the individual entity, Wares of Knutsford Limited.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 including Section 1A 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 5 June 2025 was Adam Millson ACA, who signed for and on behalf of Forrester Boyd Robson Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Wares of Knutsford Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixture and fittings

20% straight line

Plant and machinery

20% straight line

Office equipment

33% straight line

Intangible assets

Website costs and stamp duty are shown at historical costs. They have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website costs

10% straight line

Stamp duty

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Wares of Knutsford Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company during the year, was 22 (2023 - 17).

 

Wares of Knutsford Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Stamp duty
 £

Website costs
 £

Total
£

Cost or valuation

At 1 January 2024

6,397

21,961

28,358

Additions acquired separately

-

4,320

4,320

At 31 December 2024

6,397

26,281

32,678

Amortisation

At 1 January 2024

3,650

20,644

24,294

Amortisation charge

1,279

1,150

2,429

At 31 December 2024

4,929

21,794

26,723

Carrying amount

At 31 December 2024

1,468

4,487

5,955

At 31 December 2023

2,747

1,317

4,064

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2024

29,708

17,567

28,160

75,435

Additions

2,882

1,094

-

3,976

Disposals

-

(10,100)

-

(10,100)

At 31 December 2024

32,590

8,561

28,160

69,311

Depreciation

At 1 January 2024

23,818

8,826

18,646

51,290

Charge for the year

2,197

3,503

4,170

9,870

Eliminated on disposal

-

(8,080)

-

(8,080)

At 31 December 2024

26,015

4,249

22,816

53,080

Carrying amount

At 31 December 2024

6,575

4,312

5,344

16,231

At 31 December 2023

5,891

8,741

9,511

24,143

6

Stocks

2024
£

2023
£

Finished goods and goods for resale

369,083

266,878

 

Wares of Knutsford Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

67,493

3,861

Amounts owed by related parties

-

110,702

Prepayments and accrued income

 

19,287

3,891

Other debtors

 

35,000

10,000

   

121,780

128,454

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

27,977

75,376

Amounts owed to Company undertakings and undertakings in which the Company has a participating interest

23,871

-

Taxation and social security

 

73,902

48,003

Accruals and deferred income

 

5,734

14,361

Other creditors

 

960

1,175

 

132,444

138,915

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £1 each

1,133

1,133

1,133

1,133

Ordinary B shares of £1 each

645

645

645

645

Ordinary C shares of £1 each

111

111

111

111

Ordinary D shares of £1 each

111

111

111

111

Ordinary E shares of £1 each

111

111

111

111

Ordinary F shares of £1 each

111

111

111

111

2,222

2,222

2,222

2,222