The Knight Shop International Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06769534 (England and Wales)

Financial Statements

for the Year Ended 31 March 2026

for

The Knight Shop International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Tunstall

B Tunstall

SECRETARY:

B Tunstall

REGISTERED OFFICE:

2A Mochdre Commerce Parc

Ty Gwyn Road

Mochdre

Colwyn Bay

Conwy

LL28 5HX

REGISTERED NUMBER:

06769534 (England and Wales)

ACCOUNTANTS:

DJH Business Advisers Ltd T/A SB&P

Oriel House

2-8 Oriel Road

Bootle

L20 7EP

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

309,224

335,739

Investments

6

10,000

Investment property

7

232,808

552,032

578,547

CURRENT ASSETS

Stocks

1,252,930

1,060,380

Debtors

8

211,370

268,823

Cash at bank and in hand

99,065

75,109

1,563,365

1,404,312

CREDITORS

Amounts falling due within one year

9

458,957

410,696

NET CURRENT ASSETS

1,104,408

993,616

TOTAL ASSETS LESS CURRENT LIABILITIES

1,656,440

1,572,163

CREDITORS

Amounts falling due after more than one year

10

(209,782

)

(249,378

)

PROVISIONS FOR LIABILITIES

(22,309

)

(9,442

)

NET ASSETS

1,424,349

1,313,343

CAPITAL AND RESERVES

Called up share capital

13

280

Share premium

9,900

Retained earnings

1,414,169

1,303,163

SHAREHOLDERS' FUNDS

1,424,349

1,313,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2026 and were signed on its behalf by:

G Tunstall - Director

B Tunstall - Director

1.	STATUTORY INFORMATION

The Knight Shop International 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.

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 represents the value of goods sold during the period, net of VAT and trade discounts. Turnover is recognised when goods are physically delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Goodwill - 10% straight line

Freehold property - 2% straight line

Investment to property - 10% on reducing balance

Plant & machinery - 10% on reducing balance

Fixtures & fittings - 10% on reducing balance

Computer equipment - 10% on reducing balance

Motor Vehicles - 25% on redusing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2025 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

80,000

AMORTISATION

At 1 April 2025

and 31 March 2026

80,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1 April 2025

245,440

52,004

57,713

Additions

-

At 31 March 2026

245,440

52,004

57,713

DEPRECIATION

At 1 April 2025

34,362

40,531

39,748

Charge for year

4,909

1,147

1,797

At 31 March 2026

39,271

41,678

41,545

NET BOOK VALUE

At 31 March 2026

206,169

10,326

16,168

At 31 March 2025

211,078

11,473

17,965

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2025

28,176

88,380

13,102

484,815

Additions

-

2,410

At 31 March 2026

28,176

88,380

15,512

487,225

DEPRECIATION

At 1 April 2025

15,872

12,310

6,253

149,076

Charge for year

1,231

19,018

823

28,925

At 31 March 2026

17,103

31,328

7,076

178,001

NET BOOK VALUE

At 31 March 2026

11,073

57,052

8,436

309,224

At 31 March 2025

12,304

76,070

6,849

335,739

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

and 31 March 2026

10,000

NET BOOK VALUE

At 31 March 2026

10,000

At 31 March 2025

10,000

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

232,808

NET BOOK VALUE

At 31 March 2026

232,808

At 31 March 2025

232,808

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

56,416

62,601

Other debtors

154,954

206,222

211,370

268,823

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

27,047

32,415

Hire purchase contracts (see note 11)

14,178

12,266

Trade creditors

45,875

67,003

Taxation and social security

323,201

251,373

Other creditors

48,656

47,639

458,957

410,696

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

Bank loans

165,918

191,765

Hire purchase contracts (see note 11)

43,864

57,613

209,782

249,378

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

69,210

92,945

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.26

31.3.25

£

Gross obligations repayable:

Within one year

19,123

17,952

Between one and five years

45,036

64,985

64,159

82,937

Finance charges repayable:

Within one year

4,945

5,686

Between one and five years

1,172

7,372

6,117

13,058

Net obligations repayable:

Within one year

14,178

12,266

Between one and five years

43,864

57,613

58,042

69,879

Non-cancellable

operating leases

31.3.26

31.3.25

£

Within one year

11,462

9,552

Between one and five years

4,776

13,532

16,238

23,084

12.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

Bank loans

192,965

224,180

Hire purchase contracts

58,042

69,879

251,007

294,059

HSBC Bank PLC has a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

143

Ordinary New A

£1

143

137

Ordinary New B

£1

137

280

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

B Tunstall

Balance outstanding at start of year

120,005

130,839

Amounts advanced

194,310

225,693

Amounts repaid

(231,632

)

(236,527

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

82,683

120,005

G Tunstall

Balance outstanding at start of year

74,053

72,189

Amounts advanced

213,849

231,864

Amounts repaid

(230,000

)

(230,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

57,902

74,053