Knight & Co Bars Limited - Filleted accounts

Registered number

15543601

Knight & Co Bars Limited

Filleted Accounts

31 January 2026

Knight & Co Bars Limited
Registered number:		15543601
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		1,166			2,333
Tangible assets	4		31,389			37,872
			32,555			40,205

Current assets
Stocks		12,375			7,000
Cash at bank and in hand		21,470			25,692
		33,845			32,692

Creditors: amounts falling due within one year	5	(40,654)			(54,368)

Net current liabilities			(6,809)			(21,676)

Net assets			25,746			18,529

Capital and reserves
Called up share capital			100			100
Profit and loss account			25,646			18,429

Shareholders' funds			25,746			18,529

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Brad Knight
Director
Approved by the board on 4 July 2026

Knight & Co Bars Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			8		8


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 February 2025					3,500
	At 31 January 2026					3,500

	Amortisation
	At 1 February 2025					1,167
	Provided during the year					1,167
	At 31 January 2026					2,334

	Net book value
	At 31 January 2026					1,166
	At 31 January 2025					2,333

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2025	21,332		26,498		47,830
	Additions	1,394		-		1,394
	At 31 January 2026	22,726		26,498		49,224

	Depreciation
	At 1 February 2025	3,333		6,625		9,958
	Charge for the year	2,909		4,968		7,877
	At 31 January 2026	6,242		11,593		17,835

	Net book value
	At 31 January 2026	16,484		14,905		31,389
	At 31 January 2025	17,999		19,873		37,872


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			764		-
	Taxation and social security costs			9,574		7,246
	Directors Loan Account			29,246		46,147
	Other creditors			1,070		975
				40,654		54,368


6	Other information

	Knight & Co Bars Limited is a private company limited by shares and incorporated in England. Its registered office is:
	133 Church Street
	Ilkeston
	Derbyshire
	DE7 8QP