REGISTERED NUMBER: 07494848 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

ANDY KNELL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A P J Knell

REGISTERED OFFICE:

54 Sun Street

Waltham Abbey

Essex

EN9 1EJ

REGISTERED NUMBER:

07494848 (England and Wales)

ACCOUNTANTS:

KNIGHT WHEELER LIMITED

Chartered Accountants

54 Sun Street

Waltham Abbey

Essex

EN9 1EJ

FIXED ASSETS

Tangible assets

4

46,646

66,375

CURRENT ASSETS

Debtors

5

251,977

400,849

Cash at bank and in hand

146,958

108,838

398,935

509,687

CREDITORS

Amounts falling due within one year

6

(352,846

)

(443,740

)

NET CURRENT ASSETS

46,089

65,947

TOTAL ASSETS LESS CURRENT LIABILITIES

92,735

132,322

CREDITORS

Amounts falling due after more than one year

7

(76,518

)

(111,010

)

PROVISIONS FOR LIABILITIES

(15,851

)

(15,851

)

NET ASSETS

366

5,461

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

266

5,361

SHAREHOLDERS' FUNDS

366

5,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 28 October 2025 and were signed by:

A P J Knell - Director

1.	STATUTORY INFORMATION

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

Improvements to property

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

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.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and any short term deposits.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation taking into account the risks and uncertainties surrounding the obligation.

Pensions

For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the defined obligation at that date. The defined benefit obligation is calculated on an annual basis by independent actuaries.

Actuarial gains and losses are recognised in full in the period in which they occur and are shown in Other Comprehensive Income.

Current and past service costs, along with settlements or curtailments, are charged to the Income Statement. Interest on pension plan liabilities are recognised within finance expense.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

3,300

7,137

99,480

7,419

117,336

Additions

-

674

-

1,382

2,056

At 31 January 2025

3,300

7,811

99,480

8,801

119,392

DEPRECIATION

At 1 February 2024

330

4,055

39,792

6,784

50,961

Charge for year

330

781

19,896

778

21,785

At 31 January 2025

660

4,836

59,688

7,562

72,746

NET BOOK VALUE

At 31 January 2025

2,640

2,975

39,792

1,239

46,646

At 31 January 2024

2,970

3,082

59,688

635

66,375

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

Motor

vehicles

£

COST

At 1 February 2024

and 31 January 2025

99,480

DEPRECIATION

At 1 February 2024

39,792

Charge for year

19,896

At 31 January 2025

59,688

NET BOOK VALUE

At 31 January 2025

39,792

At 31 January 2024

59,688

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

62,012

194,378

Amounts owed by participating interests

127,200

91,200

Directors' current accounts

15,737

18,729

Tax

-

75,438

Accrued income

44,952

19,400

Prepayments

2,076

1,704

251,977

400,849

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

21,832

19,936

Hire purchase contracts (see note 8)

10,763

10,763

Trade creditors

37,394

35,262

Tax

32,270

78,470

VAT

26,586

75,309

Accrued expenses

224,001

224,000

352,846

443,740

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

15,225

19,936

Bank loans - 2-5 years

-

19,018

Hire purchase contracts (see note 8)

61,293

72,056

76,518

111,010

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Gross obligations repayable:

Within one year

16,481

16,481

Between one and five years

67,487

82,539

83,968

99,020

Finance charges repayable:

Within one year

5,718

5,718

Between one and five years

6,194

10,483

11,912

16,201

Net obligations repayable:

Within one year

10,763

10,763

Between one and five years

61,293

72,056

72,056

82,819

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

A P J Knell

Balance outstanding at start of year

18,729

28,157

Amounts advanced

15,737

-

Amounts repaid

(18,729

)

(9,428

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,737

18,729

The above director's loan account balance was repaid to the company on 4 September 2025.

10.	RELATED PARTY DISCLOSURES

Parent company

The immediate parent undertaking is Andy Knell Holdings Limited, which owns 100% of the company’s share capital. Andy Knell Holdings Limited is registered in England and Wales.

The registered office of Andy Knell Holdings Limited is St Ann's Quay, 118 Quayside, Newcastle Upon Tyne, United Kingdom, NE1 3BD.