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Company Registration No. 07640702 (England and Wales)
Knight Renovations Limited Unaudited accounts for the year ended 31 May 2025
Knight Renovations Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Knight Renovations Limited Company Information for the year ended 31 May 2025
Director
Sorin Stefanoaiea
Company Number
07640702 (England and Wales)
Registered Office
62 WILBURY WAY HITCHIN HERTFORDSHIRE SG4 0TP ENGLAND
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Knight Renovations Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
29,392
31,392
Current assets
Inventories
15,000
15,000
Debtors
5
-
29,558
Cash at bank and in hand
17,046
1,536
32,046
46,094
Creditors: amounts falling due within one year
6
(48,909)
(59,441)
Net current liabilities
(16,863)
(13,347)
Total assets less current liabilities
12,529
18,045
Creditors: amounts falling due after more than one year
7
(12,452)
(13,518)
Net assets
77
4,527
Capital and reserves
Called up share capital
1
1
Profit and loss account
76
4,526
Shareholders' funds
77
4,527
For the year ending 31 May 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 February 2026 and were signed on its behalf by
Sorin Stefanoaiea Director Company Registration No. 07640702
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Knight Renovations Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Knight Renovations Limited is a private company, limited by shares, registered in England and Wales, registration number 07640702. The registered office is 62 WILBURY WAY, HITCHIN, HERTFORDSHIRE, SG4 0TP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Motor vehicles
25%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
25,749
58,952
84,701
Additions
3,897
-
3,897
At 31 May 2025
29,646
58,952
88,598
Depreciation
At 1 June 2024
22,045
31,264
53,309
Charge for the year
1,494
4,403
5,897
At 31 May 2025
23,539
35,667
59,206
Net book value
At 31 May 2025
6,107
23,285
29,392
At 31 May 2024
3,704
27,688
31,392
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
29,558
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Knight Renovations Limited Notes to the Accounts for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
8,291
5,888
Obligations under finance leases and hire purchase contracts
23,665
26,696
Trade creditors
2,866
810
Taxes and social security
10,737
5,211
Other creditors
10,214
20,086
Loans from directors
(7,614)
-
Accruals
750
750
48,909
59,441
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
12,452
13,518
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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