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COMPANY REGISTRATION NUMBER: 07074589
Dr. Knoell Consult Ltd
Filleted Financial Statements
For the year ended
31 December 2024
Dr. Knoell Consult Ltd
Financial Statements
Year ended 31 December 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
Dr. Knoell Consult Ltd
Officers and Professional Advisers
The board of directors
Dr M Cleuvers
Mr F Knoell
Mrs D Howard
Company secretary
Mr B Blesto
Registered office
22 Cathedral Road
Cardiff
CF11 9LJ
Auditor
Xeinadin Audit Limited
Chartered accountants & statutory auditor
(Statutory Auditor)
Suite 2D, Building 1
Eastern Business Park
St. Mellons
Cardiff
CF3 5EA
Bankers
Lloyds Bank plc
31 Queen Street
Cardiff
CF10 2AG
Dr. Knoell Consult Ltd
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
24,326
23,764
Investments
6
8,700
8,700
--------
--------
33,026
32,464
Current assets
Debtors
7
504,065
1,510,424
Cash at bank and in hand
2,259,943
1,199,496
------------
------------
2,764,008
2,709,920
Creditors: amounts falling due within one year
8
1,919,191
1,406,726
------------
------------
Net current assets
844,817
1,303,194
---------
------------
Total assets less current liabilities
877,843
1,335,658
Provisions
Taxation including deferred tax
( 6,081)
5,941
---------
------------
Net assets
883,924
1,329,717
---------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
883,824
1,329,617
---------
------------
Shareholders funds
883,924
1,329,717
---------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 9 June 2025 , and are signed on behalf of the board by:
Mr F Knoell
Director
Company registration number: 07074589
Dr. Knoell Consult Ltd
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Cathedral Road, Cardiff, CF11 9LJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standards applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Revenue recognition
The turnover shown within the profit and loss account represents amounts invoiced for consultancy work performed and related expenditure within the chemical, agrochemical, and related industries during the year, exclusive of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment
-
25% reducing balance and 20% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Staff costs
The average number of persons employed by the company during the year amounted to 22 (2023: 20 ).
5. Tangible assets
Office equipment
Total
£
£
Cost
At 1 January 2024
65,317
65,317
Additions
8,162
8,162
Disposals
( 1,453)
( 1,453)
--------
--------
At 31 December 2024
72,026
72,026
--------
--------
Depreciation
At 1 January 2024
41,553
41,553
Charge for the year
7,005
7,005
Disposals
( 858)
( 858)
--------
--------
At 31 December 2024
47,700
47,700
--------
--------
Carrying amount
At 31 December 2024
24,326
24,326
--------
--------
At 31 December 2023
23,764
23,764
--------
--------
6. Investments
Other investments other than loans
£
Cost
At 1 January 2024 and 31 December 2024
8,700
-------
Impairment
At 1 January 2024 and 31 December 2024
-------
Carrying amount
At 31 December 2024
8,700
-------
At 31 December 2023
8,700
-------
7. Debtors
2024
2023
£
£
Trade debtors
284,183
205,862
Amounts owed by group companies
165,000
1,250,730
Deferred tax asset
11,325
Other debtors
54,882
42,507
---------
------------
504,065
1,510,424
---------
------------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
12,203
7,644
Amounts owed to group undertakings
1,223,000
514,667
Accruals and deferred income
557,291
559,826
Social security and other taxes
126,697
324,589
------------
------------
1,919,191
1,406,726
------------
------------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
22,725
22,725
Later than 1 year and not later than 5 years
22,725
--------
--------
22,725
45,450
--------
--------
10. Summary audit opinion
The auditor's report dated 9 June 2025 was unqualified .
The senior statutory auditor was Catherine Ingram FCCA , for and on behalf of Xeinadin Audit Limited .
11. Related party transactions
The company has taken exemption under section 33 of FRS102 from disclosing transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member. The company has also taken exemption, under the small company regime, from disclosing related party transactions that are immaterial or concluded under normal market conditions.
12. Parent company
The consolidated accounts are prepared by knoell Germany GmbH, a company incorporated in Germany. The registered office is Eastsite XII, Konrad-Zuse-Ring, 25, 68163, Mannheim.