Knowledge First Academy Limited

Knowledge First Academy Limited
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Current assets
Debtors	4	2,500	0
Cash at bank and in hand		(28,375)	3,948
		(25,875)	3,948
Creditors: amount falling due within one year	5	(3,804)	(27,211)
Net current assets		(29,679)	(23,263)

Total assets less current liabilities		(29,679)	(23,263)
Creditors: amount falling due after more than one year	6	(24,967)	0
Provisions for liabilities	7	(195)	0
Net assets		(54,841)	(23,263)

Capital and reserves
Called up share capital	8	1	0
Profit and loss account		(54,842)	(23,263)
Shareholders' funds		(54,841)	(23,263)

For the year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 28 April 2026 and were signed on its behalf by:

-------------------------------
Maryam Knowles
Director

Knowledge First Academy Limited
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

Knowledge First Academy Limited is a private company, limited by shares, registered in England and Wales, registration number 15577064, registration address 32 St Mary's Place, Newcastle Upon Tyne, Tyne & Wear, NE1 7PQ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Staff Costs

	2026 £	2025 £
Wages and salaries	75,558	61,983
Pension costs, defined contribution plan	1,600	0
Other staff costs	164	0
	77,322	61,983

Average number of employees during the year	Number	Number
Administration	4	0
Sales	6	0
	10	0

3.	Average number of employees Average number of employees during the year was 8 (2025 : 8).

Debtors: amounts falling due after one year

	2026 £		2025 £
Other Debtors	2,500		0
	2,500		0

Creditors: amount falling due within one year

	2026 £	2025 £
PAYE & Social Security	2,627	2,802
Accrued Expenses	1,176	1,176
Other Creditors	1	10,255
Directors' Current Accounts	0	12,978
	3,804	27,211

Creditors: amount falling due after more than one year

	2026 £		2025 £
Directors' Loan Accounts	24,967		0
	24,967		0

Provisions for liabilities

	2026 £		2025 £
Pension Provisions	195		0
	195		0

Share Capital

Allotted, called up and fully paid	2026 £		2025 £
100 Class A shares of £1.00 each	100		100
	100		100

Registered Number: 15577064
England and Wales
KNOWLEDGE FIRST ACADEMY LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2025 End date: 31 March 2026