Company Registration No. 10860081 (England and Wales)
Knott Kinetics Ltd
Unaudited accounts
for the year ended 31 July 2020
Knott Kinetics Ltd
Unaudited accounts
Contents
Knott Kinetics Ltd
Company Information
for the year ended 31 July 2020
Director
Mr Lawrence Knott
Company Number
10860081 (England and Wales)
Registered Office
49 STOKE ROAD
GOSPORT
PO12 1LS
ENGLAND
Accountants
Zoey Mills
5 Wycliffe Road
Southampton
Hampshire
SO18 2BY
Knott Kinetics Ltd
Statement of financial position
as at
31 July 2020
Intangible assets
10,001
10,001
Tangible assets
18,053
19,821
Cash at bank and in hand
17,319
3,591
Creditors: amounts falling due within one year
(7,814)
(23,634)
Net current assets/(liabilities)
10,662
(17,449)
Total assets less current liabilities
38,716
12,373
Creditors: amounts falling due after more than one year
(30,000)
(6,179)
Profit and loss account
8,716
6,194
Shareholders' funds
8,716
6,194
For the year ending 31 July 2020 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 1 April 2021 and were signed on its behalf by
Mr Lawrence Knott
Director
Company Registration No. 10860081
Knott Kinetics Ltd
Notes to the Accounts
for the year ended 31 July 2020
Knott Kinetics Ltd is a private company, limited by shares, registered in England and Wales, registration number 10860081. The registered office is 49 STOKE ROAD, GOSPORT, PO12 1LS, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
Other
Total
At 1 August 2019
10,000
1
10,001
At 31 July 2020
10,000
1
10,001
At 31 July 2020
10,000
1
10,001
At 31 July 2019
10,000
1
10,001
Knott Kinetics Ltd
Notes to the Accounts
for the year ended 31 July 2020
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2019
14,137
9,688
23,825
Additions
546
1,380
1,926
At 31 July 2020
14,683
11,068
25,751
At 1 August 2019
2,276
1,728
4,004
Charge for the year
2,191
1,503
3,694
At 31 July 2020
4,467
3,231
7,698
At 31 July 2020
10,216
7,837
18,053
At 31 July 2019
11,861
7,960
19,821
Trade debtors
1,157
1,025
Total debtors less than one year
1,157
2,594
Total debtors
1,157
2,594
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Creditors: amounts falling due within one year
2020
2019
Trade creditors
933
1,538
Taxes and social security
84
57
Other creditors
7,366
5,521
Loans from directors
(8,287)
14,126
8
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
-
6,179
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Average number of employees
During the year the average number of employees was 0 (2019: 0).