REGISTERED NUMBER: SC296644 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Knab Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Milne

Mrs L A Milne

REGISTERED OFFICE:

12 High Street

Macduff

Aberdeenshire

AB44 1LS

REGISTERED NUMBER:

SC296644 (Scotland)

ACCOUNTANTS:

Add Accountancy Limited

6 Market Square

Oldmeldrum

Aberdeenshire

AB51 0AA

FIXED ASSETS

Intangible assets

4

5,112

5,112

Tangible assets

5

13,979

13,979

Investments

6

1,500

1,500

20,591

20,591

CURRENT ASSETS

Stocks

-

1,160

Debtors

7

490

490

Cash at bank

33

33

523

1,683

CREDITORS

Amounts falling due within one year

8

107,212

108,372

NET CURRENT LIABILITIES

(106,689

)

(106,689

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(86,098

)

(86,098

)

PROVISIONS FOR LIABILITIES

55,694

55,694

NET LIABILITIES

(141,792

)

(141,792

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(141,892

)

(141,892

)

SHAREHOLDERS' FUNDS

(141,792

)

(141,792

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

W Milne - Director

1.	STATUTORY INFORMATION

Knab Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

11,250

AMORTISATION

At 1 January 2024

and 31 December 2024

6,138

NET BOOK VALUE

At 31 December 2024

5,112

At 31 December 2023

5,112

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

1,900

37,051

38,951

DEPRECIATION

At 1 January 2024

and 31 December 2024

-

24,972

24,972

NET BOOK VALUE

At 31 December 2024

1,900

12,079

13,979

At 31 December 2023

1,900

12,079

13,979

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

1,500

NET BOOK VALUE

At 31 December 2024

1,500

At 31 December 2023

1,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

490

490

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

1,107

1,107

Other creditors

106,105

107,265

107,212

108,372