REGISTERED NUMBER: 09885096 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

KNIGHTS KENNELS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Knight

REGISTERED OFFICE:

162-164 High Street

Rayleigh

Essex

SS6 7BS

REGISTERED NUMBER:

09885096 (England and Wales)

ACCOUNTANTS:

ESW Chartered Accountants

162-164 High Street

Rayleigh

Essex

SS6 7BS

FIXED ASSETS

Tangible assets

4

120,143

105,751

CURRENT ASSETS

Debtors

5

165,054

180,629

Cash at bank and in hand

108,974

550

274,028

181,179

CREDITORS

Amounts falling due within one year

6

(73,371

)

(51,851

)

NET CURRENT ASSETS

200,657

129,328

TOTAL ASSETS LESS CURRENT LIABILITIES

320,800

235,079

CREDITORS

Amounts falling due after more than one year

7

(37,709

)

(33,991

)

PROVISIONS FOR LIABILITIES

8

(23,824

)

(21,127

)

NET ASSETS

259,267

179,961

CAPITAL AND RESERVES

Called up share capital

9

100

100

Capital redemption reserve

10

(9,900

)

(9,900

)

Retained earnings

10

269,067

189,761

SHAREHOLDERS' FUNDS

259,267

179,961

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

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

The director acknowledges his 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 director and authorised for issue on 19th September 2025 and were signed by:

M Knight - Director

1.	STATUTORY INFORMATION

Knights Kennels 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 5 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

218,704

29,502

89,253

11,486

348,945

Additions

7,500

457

37,339

-

45,296

At 31st December 2024

226,204

29,959

126,592

11,486

394,241

DEPRECIATION

At 1st January 2024

179,534

22,292

32,831

8,537

243,194

Charge for year

10,882

1,822

17,217

983

30,904

At 31st December 2024

190,416

24,114

50,048

9,520

274,098

NET BOOK VALUE

At 31st December 2024

35,788

5,845

76,544

1,966

120,143

At 31st December 2023

39,170

7,210

56,422

2,949

105,751

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st January 2024

89,253

Additions

37,339

At 31st December 2024

126,592

DEPRECIATION

At 1st January 2024

32,831

Charge for year

17,217

At 31st December 2024

50,048

NET BOOK VALUE

At 31st December 2024

76,544

At 31st December 2023

56,422

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

94,380

55,410

Other debtors

70,674

125,219

165,054

180,629

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,979

3,638

Hire purchase contracts

13,880

11,661

Trade creditors

672

-

Taxation and social security

44,526

33,464

Other creditors

3,314

3,088

73,371

51,851

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

12,083

2,487

Hire purchase contracts

25,626

31,504

37,709

33,991

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

23,824

21,127

Deferred

tax

£

Balance at 1st January 2024

21,127

Accelerated capital allowances

2,697

Balance at 31st December 2024

23,824

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

50

Ordinary "A"

£1

50

50

50

Ordinary "B"

£1

50

50

100

100

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1st January 2024

189,761

(9,900

)

179,861

Profit for the year

114,306

114,306

Dividends

(35,000

)

(35,000

)

At 31st December 2024

269,067

(9,900

)

259,167

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £35,000 (2023 - £39,000) were paid to the directors .

Dog kennelling costs include £20,130 (2023: £19,636) charged by the company director, Mr M Knight, for the business use of personal grounds.