Registration number: 00540745

T Knipe Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

T Knipe Limited

Company Information

Directors

TA Knipe TA Knipe

Registered office

Allithwaite Sawmill Allithwaite Grange over Sands LA11 7QH

Accountants

Stables Thompson & Briscoe Limited Chartered Accountants & Business AdvisersLowther House Lowther Street Kendal LA9 4DX

T Knipe Limited

(Registration number: 00540745)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	21,250	24,662
Current assets
Stocks		16,190	25,000
Debtors	5	178,467	168,641
Cash at bank and in hand		13,665	7,347
		208,322	200,988
Creditors: Amounts falling due within one year	6	(24,024)	(7,389)
Net current assets		184,298	193,599
Net assets		205,548	218,261
Capital and reserves
Called up share capital	7	188,000	188,000
Retained earnings		17,548	30,261
Shareholders' funds		205,548	218,261

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

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 June 2025 and signed on its behalf by:
 

......................................... TA Knipe Director

T Knipe Limited

Notes to the Unaudited 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.

The address of its registered office is:
Allithwaite Sawmill
Allithwaite
Grange over Sands
LA11 7QH

These financial statements were authorised for issue by the Board on 4 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress 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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

T Knipe Limited

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

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	13,558	348,667	100,649	462,874
Disposals	-	-	(47,599)	(47,599)
At 31 December 2024	13,558	348,667	53,050	415,275
Depreciation
At 1 January 2024	13,558	329,941	94,713	438,212
Charge for the year	-	1,874	1,187	3,061
Eliminated on disposal	-	-	(47,248)	(47,248)
At 31 December 2024	13,558	331,815	48,652	394,025
Carrying amount
At 31 December 2024	-	16,852	4,398	21,250
At 31 December 2023	-	18,726	5,936	24,662

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings.
 

5

Debtors

Current	2024 £	2023 £
Trade debtors	12,753	652
Prepayments	625	141
Other debtors	165,089	167,848
	178,467	168,641

T Knipe Limited

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

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	4,258	1,418
Taxation and social security	18,137	4,486
Accruals and deferred income	1,629	1,485
	24,024	7,389

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	188,000	188,000	188,000	188,000

8	Related party transactions

Transactions with directors

2024	At 1 January 2024 £	Advances to director £	At 31 December 2024 £
	24,205	1,072	25,277

2023	At 1 January 2023 £	Repayments by director £	At 31 December 2023 £
	68,341	(44,136)	24,205

Directors' remuneration

The directors' remuneration for the year was as follows:

	2024 £	2023 £
Remuneration	35,707	35,706
Contributions paid to money purchase schemes	696	697
	36,403	36,403