Keith Knowles Accountants Limited

Registered number

03667224

Filleted Abridged Accounts

31 December 2024

Keith Knowles Accountants Limited
Registered number:		03667224
Abridged Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		-			-
Tangible assets	4		1,891			2,793
			1,891			2,793

Current assets
Debtors		150,573			135,041
Cash at bank and in hand		28,171			45,221
		178,744			180,262

Creditors: amounts falling due within one year		(68,523)			(55,789)

Net current assets			110,221			124,473

Total assets less current liabilities			112,112			127,266


Provisions for liabilities			(359)			(531)


Net assets			111,753			126,735

Capital and reserves
Called up share capital			100			100
Profit and loss account			111,653			126,635

Shareholders' funds			111,753			126,735

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.




K W Knowles
Director
Approved by the board on 30 September 2025

Keith Knowles Accountants Limited
Notes to the Abridged Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The abridged accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small companies regime). The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and from the sale of goods. When the outcome of a transaction can be estimated reliably, turnover from services rendered are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to comparing the costs incurred for work performed to date to the total estimated contract costs. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	over 4 - 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		3		3


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 January 2024				80,000
	At 31 December 2024				80,000

	Amortisation
	At 1 January 2024				80,000
	At 31 December 2024				80,000

	Net book value
	At 31 December 2024				-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
					Total
£
	Cost
	At 1 January 2024				10,154
	At 31 December 2024				10,154

	Depreciation
	At 1 January 2024				7,361
	Charge for the year				902
	At 31 December 2024				8,263

	Net book value
	At 31 December 2024				1,891
	At 31 December 2023				2,793


5	Other information

	Keith Knowles Accountants Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The History Room at Farnham Pottery
	Pottery Lane
	Wrecclesham, Farnham
	Surrey
	GU10 4QJ