KNB TRADE LTD

Company Registration Number:
12456012 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

KNB TRADE LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

KNB TRADE LTD

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 39,241 51,760
Total fixed assets: 39,241 51,760
Current assets
Stocks: 5,752 6,375
Debtors:   378,365 505,370
Cash at bank and in hand: 85,244 56,241
Total current assets: 469,361 567,986
Creditors: amounts falling due within one year:   (136,777) (304,210)
Net current assets (liabilities): 332,584 263,776
Total assets less current liabilities: 371,825 315,536
Creditors: amounts falling due after more than one year:   (5,667) (9,667)
Total net assets (liabilities): 366,158 305,869
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 366,058 305,769
Shareholders funds: 366,158 305,869

The notes form part of these financial statements

KNB TRADE LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 July 2025
and signed on behalf of the board by:

Name: Jong Soon KIM
Status: Director

The notes form part of these financial statements

KNB TRADE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

KNB TRADE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 23 42

KNB TRADE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 75,489
Additions 2,113
Disposals (4,481)
At 31 December 2024 73,121
Depreciation
At 01 January 2024 23,729
Charge for year 11,036
On disposals (885)
At 31 December 2024 33,880
Net book value
At 31 December 2024 39,241
At 31 December 2023 51,760