Knoxed Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 05200584

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,431,144		1,407,659

			1,431,144		1,407,659
CURRENT ASSETS
Stocks	5	7,000		7,500
Debtors	6	747,887		408,466
Cash at bank and in hand		109,599		190,688

		864,486		606,654
Creditors: Amounts Falling Due Within One Year	7	(1,241,514 )		(1,010,915 )

NET CURRENT ASSETS (LIABILITIES)			(377,028 )		(404,261 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,054,116		1,003,398

NET ASSETS			1,054,116		1,003,398

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			1,054,016		1,003,298

SHAREHOLDERS' FUNDS			1,054,116		1,003,398

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Salash Motiani

Director

25/09/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Knoxed Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05200584 . The registered office is 15 Station Field Industrial Estate, Kidlington, Oxfordshire, OX5 1JD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website domain names. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Plant & Machinery	25% Reducing balance
Fixtures & Fittings	20% Reducing balance
Computer Equipment	25% Straight-line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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Knoxed Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2024	2023
Office and administration	8	8

	8	8

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	1,450,256	1,412	18,862	31,489	1,502,019
Additions	25,548	-	-	287	25,835

As at 31 December 2024	1,475,804	1,412	18,862	31,776	1,527,854

Depreciation
As at 1 January 2024	49,801	1,367	12,748	30,444	94,360
Provided during the period	-	11	1,222	1,117	2,350

As at 31 December 2024	49,801	1,378	13,970	31,561	96,710

Net Book Value
As at 31 December 2024	1,426,003	34	4,892	215	1,431,144

As at 1 January 2024	1,400,455	45	6,114	1,045	1,407,659

5. Stocks

	2024	2023
	£	£
Stock - materials	7,000	7,500

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	652,072	356,235
Other debtors	95,815	52,231

	747,887	408,466

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Knoxed Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,121,379	892,916
Bank loans and overdrafts	-	2,948
Other taxes and social security	1,339	9,241
VAT	47,899	43,742
Other creditors	34,946	37,369
Pensions payable	115	1,579
Accruals and deferred income	13,099	12,769
Directors' loan accounts	22,737	10,351

	1,241,514	1,010,915

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

As at balance sheet date company owed from Cablesson Limited and Nasha Holding of £42,467 & £42,590, repectively.

As at balance sheet date company owed to the director £22,737, Neojoy Limited of £112,661 and Nasaba Limited of £275,000.

Nasaba Limited, Cablesson Limited, Neojoy Limited and Nasha Holding are the related parties by the virtue of common control by the director.

10. Ultimate Controlling Party

The company's ultimate controlling party is Nasha Holdings Limited by virtue of his ownership of the issued share capital in the company.

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