Company Registration No. 10860081 (England and Wales)
Knott Kinetics Ltd
Unaudited accounts
for the year ended 31 July 2021
Knott Kinetics Ltd
Unaudited accounts
Contents
Knott Kinetics Ltd
Company Information
for the year ended 31 July 2021
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 2021
Intangible assets
10,000
10,000
Tangible assets
15,254
18,053
Cash at bank and in hand
9,411
17,319
Creditors: amounts falling due within one year
(5,654)
(7,839)
Net current assets
5,305
10,644
Total assets less current liabilities
30,559
38,697
Creditors: amounts falling due after more than one year
(29,000)
(30,000)
Called up share capital
(1)
(1)
Profit and loss account
1,560
8,698
Shareholders' funds
1,559
8,697
For the year ending 31 July 2021 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 12 January 2022 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 2021
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.
4
Intangible fixed assets
Goodwill
Knott Kinetics Ltd
Notes to the Accounts
for the year ended 31 July 2021
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2020
14,683
11,068
25,751
At 31 July 2021
15,016
11,225
26,241
At 1 August 2020
4,467
3,231
7,698
Charge for the year
1,871
1,418
3,289
At 31 July 2021
6,338
4,649
10,987
At 31 July 2021
8,678
6,576
15,254
At 31 July 2020
10,216
7,837
18,053
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
1,548
1,164
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
1,858
969
Taxes and social security
143
84
Other creditors
7,641
7,453
Loans from directors
(9,437)
(8,382)
8
Creditors: amounts falling due after more than one year
2021
2020
9
Average number of employees
During the year the average number of employees was 0 (2020: 0).