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Registration number: 07390722

Alexander Knight Business Solutions Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Alexander Knight Business Solutions Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Alexander Knight Business Solutions Ltd

Company Information

Director

Mr Antonio Iameo

Registered office

Ground Floor, Tintagel House
London Road
Kelvedon
Colchester
Essex
CO5 9BP

 

Alexander Knight Business Solutions Ltd

(Registration number: 07390722)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

134,195

147,819

Tangible assets

5

28,809

38,160

 

163,004

185,979

Current assets

 

Debtors

6

227,559

161,779

Cash at bank and in hand

 

14,132

53,903

 

241,691

215,682

Creditors: Amounts falling due within one year

7

(371,642)

(377,837)

Net current liabilities

 

(129,951)

(162,155)

Total assets less current liabilities

 

33,053

23,824

Provisions for liabilities

(5,474)

(4,312)

Net assets

 

27,579

19,512

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

27,479

19,412

Shareholders' funds

 

27,579

19,512

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 June 2025
 

 

Alexander Knight Business Solutions Ltd

(Registration number: 07390722)
Balance Sheet as at 30 September 2024

.........................................
Mr Antonio Iameo
Director

 

Alexander Knight Business Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Ground Floor, Tintagel House
London Road
Kelvedon
Colchester
Essex
CO5 9BP
England

These financial statements were authorised for issue by the director on 20 June 2025.

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 were prepared using GBP only with no level of rounding and therefore no currency translation was necessary.

Summary of disclosure exemptions

In these financial statements, the disclosure exemption not to file the Statement of Cash Flows has been taken..

Going concern

The financial statements have been prepared on a going concern basis.

 

Alexander Knight Business Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Judgements

There are no significant judgements or material areas of estimation uncertainty,

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

20% Straight Line

Fixtures & Fittings

10-20% Straight Line

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:

 

Alexander Knight Business Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Asset class

Amortisation method and rate

System Development

7.5% 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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 (including the director) during the year, was 6 (2023 - 7).

 

Alexander Knight Business Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 October 2023

181,652

181,652

At 30 September 2024

181,652

181,652

Amortisation

At 1 October 2023

33,833

33,833

Amortisation charge

13,624

13,624

At 30 September 2024

47,457

47,457

Carrying amount

At 30 September 2024

134,195

134,195

At 30 September 2023

147,819

147,819

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

161,025

9,750

170,775

At 30 September 2024

161,025

9,750

170,775

Depreciation

At 1 October 2023

122,865

9,750

132,615

Charge for the year

9,351

-

9,351

At 30 September 2024

132,216

9,750

141,966

Carrying amount

At 30 September 2024

28,809

-

28,809

At 30 September 2023

38,160

-

38,160

 

Alexander Knight Business Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

149,402

139,600

Other debtors

78,157

22,179

 

227,559

161,779

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

41,302

28,293

Taxation and social security

18,135

31,578

Accruals and deferred income

36,000

24,046

Other creditors

276,205

293,920

371,642

377,837

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Dividends

2024

2023

£

£

Interim dividend of £Nil (2023 - £Nil) per ordinary share

-

-