Company registration number 04339370 (England and Wales)
C.J. KNIGHT & SON LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
Affinia
3rd Floor
Chancery House
St Nicholas Way
Sutton
Surrey
SM1 1JB
C.J. KNIGHT & SON LIMITED
COMPANY INFORMATION
Directors
R E Knight
D O Knight
A J Knight
Secretary
D O Knight
Company number
04339370
Registered office
Oxted Road
Godstone
Surrey
RH9 8DB
Auditor
Affinia
3rd Floor
Chancery House
St Nicholas Way
Sutton
Surrey
SM1 1JB
C.J. KNIGHT & SON LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2
Directors' responsibilities statement
3
Independent auditor's report
4 - 6
Statement of total comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Statement of cash flows
10
Notes to the financial statements
11 - 19
The following pages do not form part of the financial statements
Detailed profit and loss account
C.J. KNIGHT & SON LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
- 1 -

The directors present the strategic report for the year ended 31 January 2025.

Review of the Business

The directors consider the profit achieved on ordinary activities before tax to be particularly satisfactory given the challenging trading conditions caused by inflation and increase in cost. The directors consider the company's solvency and liquidity to be satisfactory and are confident of an expansion of trade in the forthcoming year. The directors are not aware, at the date of this report, of any likely change in the company's activities in the forthcoming year.

As shown in the profit and loss account, the company's sales have increased by 1.74% from the prior year. The company's key measure of effectiveness of its operations is gross margin. The company achieved a gross margin of 47.38% in the period to 31 January 2025 (2024: 46.32%). The reduced gross margin is the result of continuing costs pressures in a competitive market.

The balance sheet shows the company's financial position at the end of the year remained string with net assets of £5,529,665 (2024: £5,577,584).

Principal Risks and Uncertainties

The company operates in a highly competitive market, which is a continuing risk to the company and could result in losing sales to its key competitors. The risk is managed by providing value added services to its customers, focussing on quality brands and maintaining strong relationships with both its customers and suppliers.

The results for the period and the financial position at the period end were in line with the expectations of the directors and the financial reports show strong performance in a market even though it is a difficult trading conditions due to inflationary pressures.

Other Matters

The company recognises its statutory obligations to maintain standards of safety which will protect its employees, contractors and members of the public.

The directors have continued their policy of informing employees of matters affecting them and of the financial performance of the company.

On behalf of the board

D O Knight
Director
24 October 2025
C.J. KNIGHT & SON LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -

The directors present their annual report and financial statements for the year ended 31 January 2025.

Principal activities

The principal activity of the company continued to be that of a garden centre, nursery and leisure retailer.

Results and dividends

The results for the year are set out on page 7.

Ordinary dividends were paid amounting to £91,630. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

R E Knight
D O Knight
A J Knight
Auditor

The auditor, Affinia, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies regime.

On behalf of the board
D O Knight
Director
24 October 2025
C.J. KNIGHT & SON LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

C.J. KNIGHT & SON LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF C.J. KNIGHT & SON LIMITED
- 4 -
Opinion

We have audited the financial statements of C.J. Knight & Son Limited (the 'company') for the year ended 31 January 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

C.J. KNIGHT & SON LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF C.J. KNIGHT & SON LIMITED (CONTINUED)
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all of our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

C.J. KNIGHT & SON LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF C.J. KNIGHT & SON LIMITED (CONTINUED)
- 6 -

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Seton
Senior Statutory Auditor
For and on behalf of Affinia
24 October 2025
Chartered Accountants
Statutory Auditor
3rd Floor
Chancery House
St Nicholas Way
Sutton
Surrey
SM1 1JB
C.J. KNIGHT & SON LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JANUARY 2025
- 7 -
2025
2024
Notes
£
£
Turnover
2
7,054,569
6,933,946
Cost of sales
(3,711,887)
(3,722,204)
Gross profit
3,342,682
3,211,742
Administrative expenses
(3,241,271)
(3,120,787)
Other operating income
12,019
10,240
Operating profit
3
113,430
101,195
Interest payable and similar expenses
6
(36,261)
(60,962)
Profit before taxation
77,169
40,233
Tax on profit
7
(28,428)
(11,043)
Profit for the financial year
48,741
29,190

The profit and loss account has been prepared on the basis that all operations are continuing operations.

C.J. KNIGHT & SON LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 8 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
9
4,792,358
4,855,662
Current assets
Stocks
10
1,178,548
1,204,193
Debtors
11
26,944
40,910
Cash at bank and in hand
530,163
719,233
1,735,655
1,964,336
Creditors: amounts falling due within one year
12
(667,760)
(710,437)
Net current assets
1,067,895
1,253,899
Total assets less current liabilities
5,860,253
6,109,561
Creditors: amounts falling due after more than one year
13
(263,287)
(458,635)
Provisions for liabilities
Deferred tax liability
15
62,271
73,342
(62,271)
(73,342)
Net assets
5,534,695
5,577,584
Capital and reserves
Called up share capital
17
1,000
1,000
Share premium account
3,249,200
3,249,200
Profit and loss reserves
2,284,495
2,327,384
Total equity
5,534,695
5,577,584

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 24 October 2025 and are signed on its behalf by:
D O Knight
Director
Company registration number 04339370 (England and Wales)
C.J. KNIGHT & SON LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025
- 9 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 February 2023
1,000
3,249,200
2,394,244
5,644,444
Year ended 31 January 2024:
Profit and total comprehensive income
-
-
29,190
29,190
Dividends
8
-
-
(96,050)
(96,050)
Balance at 31 January 2024
1,000
3,249,200
2,327,384
5,577,584
Year ended 31 January 2025:
Profit and total comprehensive income
-
-
48,741
48,741
Dividends
8
-
-
(91,630)
(91,630)
Balance at 31 January 2025
1,000
3,249,200
2,284,495
5,534,695
C.J. KNIGHT & SON LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2025
- 10 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
19
207,375
433,304
Interest paid
(36,261)
(60,962)
Income taxes paid
(15,540)
(99,869)
Net cash inflow from operating activities
155,574
272,473
Investing activities
Purchase of tangible fixed assets
(57,912)
(172,137)
Net cash used in investing activities
(57,912)
(172,137)
Financing activities
Repayment of bank loans
(195,102)
(194,234)
Dividends paid
(91,630)
(96,050)
Net cash used in financing activities
(286,732)
(290,284)
Net decrease in cash and cash equivalents
(189,070)
(189,948)
Cash and cash equivalents at beginning of year
719,233
909,181
Cash and cash equivalents at end of year
530,163
719,233
C.J. KNIGHT & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 11 -
1
Accounting policies
Company information

C.J. Knight & Son Limited is a private company limited by shares incorporated in England and Wales. The registered office is Oxted Road, Godstone, Surrey, RH9 8DB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods).

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
1% on straight line basis (excl land)
Plant and equipment
20% on reducing balance
Fixtures and fittings
20% on reducing balance
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

C.J. KNIGHT & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 12 -
1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

C.J. KNIGHT & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 13 -
Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

No liability is recognised in respect of holiday pay as employees are unable to carry forward holiday into future periods.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

C.J. KNIGHT & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 14 -
2
Turnover

The turnover is wholly attributable to the operation of the company's garden centres and has arisen solely in the United Kingdom.

3
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
14,415
13,939
Depreciation of tangible fixed assets
121,216
135,656
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Sales and support
122
106
Landscape
2
2
Administration
7
11
Total
131
119

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
2,172,791
2,008,985
Social security costs
156,672
141,453
Pension costs
72,471
78,468
2,401,934
2,228,906
5
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
141,142
142,094
Company pension contributions to defined contribution schemes
45,250
51,875
186,392
193,969
C.J. KNIGHT & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 15 -
6
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
36,261
60,962
7
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
39,499
15,785
Deferred tax
Origination and reversal of timing differences
(11,071)
(4,742)
Total tax charge
28,428
11,043

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
77,169
40,233
Expected tax charge based on the standard rate of corporation tax in the UK of 24.20% (2024: 25.00%)
18,675
10,058
Tax effect of expenses that are not deductible in determining taxable profit
1,247
462
Permanent capital allowances in excess of depreciation
(19,723)
(22,109)
Depreciation on assets not qualifying for tax allowances
26,146
27,430
Other non-reversing timing differences
-
0
(56)
Other permanent differences
13,154
-
0
Movement in deferred tax provision
(11,071)
(4,742)
Taxation charge for the year
28,428
11,043
8
Dividends
2025
2024
£
£
Interim paid
91,630
96,050
C.J. KNIGHT & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 16 -
9
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 February 2024
4,934,225
699,745
575,170
56,065
137,151
6,402,356
Additions
42,000
-
0
13,167
2,745
-
0
57,912
At 31 January 2025
4,976,225
699,745
588,337
58,810
137,151
6,460,268
Depreciation and impairment
At 1 February 2024
505,294
507,799
388,587
43,264
101,750
1,546,694
Depreciation charged in the year
30,988
38,390
39,445
3,543
8,850
121,216
At 31 January 2025
536,282
546,189
428,032
46,807
110,600
1,667,910
Carrying amount
At 31 January 2025
4,439,943
153,556
160,305
12,003
26,551
4,792,358
At 31 January 2024
4,428,931
191,946
186,583
12,801
35,401
4,855,662
10
Stocks
2025
2024
£
£
Finished goods and goods for resale
1,178,548
1,204,193
11
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
13,691
28,663
Other debtors
840
3,198
Prepayments and accrued income
12,413
9,049
26,944
40,910
C.J. KNIGHT & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 17 -
12
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
14
195,347
195,101
Trade creditors
332,311
284,379
Corporation tax
40,267
16,308
Other taxation and social security
48,690
31,283
Other creditors
27,062
31,027
Accruals and deferred income
24,083
152,339
667,760
710,437
13
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
14
263,287
458,635
14
Loans and overdrafts
2025
2024
£
£
Bank loans
458,634
653,736
Payable within one year
195,347
195,101
Payable after one year
263,287
458,635

The long-term loans are secured by fixed charges over the company's freehold properties.

The bank loan is denominated in Sterling with a nominal interest rate of 1.3% above the Bank's Sterling Base Rate, and the final instalment is due in October 2028.

15
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
62,271
73,342
C.J. KNIGHT & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
15
Deferred taxation
(Continued)
- 18 -
2025
Movements in the year:
£
Liability at 1 February 2024
73,342
Credit to profit or loss
(11,071)
Liability at 31 January 2025
62,271
16
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
72,471
78,468

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

17
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
18
Directors' transactions

Dividends totalling £91,630 (2024 - £96,050) were paid in the year in respect of shares held by the company's directors.

The company owed £20,713 (2024: £31,322) to the directors at the reporting date.

19
Cash generated from operations
2025
2024
£
£
Profit after taxation
48,741
29,190
Adjustments for:
Taxation charged
28,428
11,043
Finance costs
36,261
60,962
Depreciation and impairment of tangible fixed assets
121,216
135,656
Movements in working capital:
Decrease in stocks
25,645
81,117
Decrease/(increase) in debtors
13,966
(28,207)
(Decrease)/increase in creditors
(66,882)
143,543
Cash generated from operations
207,375
433,304
C.J. KNIGHT & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 19 -
20
Analysis of changes in net funds
1 February 2024
Cash flows
31 January 2025
£
£
£
Cash at bank and in hand
719,233
(189,070)
530,163
Borrowings excluding overdrafts
(653,736)
195,102
(458,634)
65,497
6,032
71,529
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