REGISTERED NUMBER: 04079725 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Stuart Knight Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S K Knight

Mrs N Knight

SECRETARY:

Mrs N Knight

REGISTERED OFFICE:

Hill House

62 Main Street

Hoby

Leicestershire

LE14 3DT

REGISTERED NUMBER:

04079725 (England and Wales)

ACCOUNTANTS:

Gopsall Services Limited

First Floor

7 Marina Court

Maple Drive

Hinckley

LE10 3BF

FIXED ASSETS

Tangible assets

4

115,029

69,810

CURRENT ASSETS

Stocks

30,000

38,450

Debtors

5

2,830,452

2,797,308

Cash at bank

830,439

1,222,684

3,690,891

4,058,442

CREDITORS

Amounts falling due within one year

6

810,247

867,139

NET CURRENT ASSETS

2,880,644

3,191,303

TOTAL ASSETS LESS CURRENT LIABILITIES

2,995,673

3,261,113

CREDITORS

Amounts falling due after more than one year

7

(105,110

)

(148,699

)

PROVISIONS FOR LIABILITIES

(234,926

)

(3,262

)

NET ASSETS

2,655,637

3,109,152

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,655,635

3,109,150

2,655,637

3,109,152

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

S K Knight - Director

1.	STATUTORY INFORMATION

Stuart Knight Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

600

208,061

8,189

216,850

Additions

-

84,550

-

84,550

Disposals

-

(17,437

)

-

(17,437

)

At 31 December 2024

600

275,174

8,189

283,963

DEPRECIATION

At 1 January 2024

600

139,529

6,911

147,040

Charge for year

-

38,027

322

38,349

Eliminated on disposal

-

(16,455

)

-

(16,455

)

At 31 December 2024

600

161,101

7,233

168,934

NET BOOK VALUE

At 31 December 2024

-

114,073

956

115,029

At 31 December 2023

-

68,532

1,278

69,810

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

187,023

168,716

Other debtors

2,643,429

2,300,832

Directors' current accounts

-

327,760

2,830,452

2,797,308

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

50,000

50,000

Hire purchase contracts

65,586

20,527

Trade creditors

40,369

29,499

Tax

411,441

525,314

Social security and other taxes

70,642

105,452

Other creditors

76,892

58,584

Directors' current accounts

23

-

Accrued expenses

95,294

77,763

810,247

867,139

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

45,833

50,000

Bank loans - 2-5 years

-

45,833

Hire purchase contracts

59,277

52,866

105,110

148,699

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

124,863

73,393

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

S K Knight and Mrs N Knight

Balance outstanding at start of year

327,760

293,035

Amounts advanced

304,310

322,106

Amounts repaid

(634,891

)

(287,381

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,821

)

327,760