Knights Foods Limited - Accounts

KNIGHTS FOODS LIMITED - Company Information

Knights Foods Limited 03564732 false 1 July 2017 03564732 2017-07-01 2018-06-30 03564732 2017-06-30 03564732 2018-06-30 03564732 2016-07-01 2017-06-30 03564732 2016-06-30 03564732 2017-06-30 03564732 frs102-bus:FRS102 2017-07-01 2018-06-30 03564732 frs102-bus:PrivateLimitedCompanyLtd 2017-07-01 2018-06-30 03564732 frs102-bus:FullAccounts 2017-07-01 2018-06-30 03564732 frs102-bus:AuditExempt-NoAccountantsReport 2017-07-01 2018-06-30 03564732 frs102-core:CurrentFinancialInstruments 2018-06-30 03564732 frs102-core:CurrentFinancialInstruments 2017-06-30 03564732 frs102-core:Non-currentFinancialInstruments 2018-06-30 03564732 frs102-core:Non-currentFinancialInstruments 2017-06-30 03564732 frs102-core:ShareCapital 2018-06-30 03564732 frs102-core:ShareCapital 2017-06-30 03564732 frs102-core:RevaluationReserve 2018-06-30 03564732 frs102-core:RevaluationReserve 2017-06-30 03564732 frs102-core:OtherReservesSubtotal 2018-06-30 03564732 frs102-core:OtherReservesSubtotal 2017-06-30 03564732 frs102-core:RetainedEarningsAccumulatedLosses 2018-06-30 03564732 frs102-core:RetainedEarningsAccumulatedLosses 2017-06-30 03564732 frs102-bus:Director1 2017-07-01 2018-06-30 03564732 frs102-core:OfficeEquipment 2017-07-01 2018-06-30 03564732 frs102-core:Vehicles 2017-07-01 2018-06-30 03564732 frs102-core:PlantMachinery 2017-07-01 2018-06-30 03564732 frs102-core:LandBuildings 2017-06-30 03564732 frs102-core:OfficeEquipment 2017-06-30 03564732 frs102-core:Vehicles 2017-06-30 03564732 frs102-core:PlantMachinery 2017-06-30 03564732 frs102-core:LandBuildings 2018-06-30 03564732 frs102-core:OfficeEquipment 2018-06-30 03564732 frs102-core:Vehicles 2018-06-30 03564732 frs102-core:PlantMachinery 2018-06-30 03564732 frs102-core:LandBuildings 2017-07-01 2018-06-30 03564732 frs102-core:LandBuildings 2017-06-30 03564732 frs102-core:OfficeEquipment 2017-06-30 03564732 frs102-core:Vehicles 2017-06-30 03564732 frs102-core:PlantMachinery 2017-06-30 03564732 frs102-core:Non-currentFinancialInstruments 2017-07-01 2018-06-30 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares

	Registered number
	03564732

	Knights Foods Limited
	Draft Unaudited Accounts
	for the year ended
	30 June 2018

Knights Foods Limited Balance Sheet as at 30 June 2018
	Notes		2018 £		2017 £
Fixed assets
Tangible assets	2		4,958,187		5,047,101
Investments			500,000		500,000
			5,458,187		5,547,101

Current assets
Stocks		32,250		32,250
Debtors		302,223		239,288
Cash at bank and in hand		11		16
		334,484		271,554

Creditors: amounts falling due within one year	3	(425,242)		(402,495)

Net current assets / (liabilities)			(90,758)		(130,941)

Total assets less current liabilities			5,367,429		5,416,160

Creditors: amounts falling due after more than one year	4		(4,435,099)		(4,665,504)

Provisions for liabilities			(441,850)		(353,357)

Total net assets (liabilities)			490,480		397,299

Capital and reserves
Called up share capital			390,260		390,260
Revaluation reserve			2,031,032		1,781,032
Other reserves			1,888,163		1,888,163
Profit and loss account			(3,818,975)		(3,662,156)
Shareholders' funds			490,480		397,299

These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 30 June 2018 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr P Knights

Director

Approved by the board on 16 August 2019

Company Number: 03564732 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

7 The Close
Norwich
Norfolk
NR1 4DJ
England

1.	Accounting policies
	Basis of preparation of financial statements These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.

Tangible fixed assets depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.

Office equipment	25% Reducing Balance
Vehicles	25% Reducing Balance
Plant & machinery	10% Straight Line

Tangible fixed assets
	Land & buildings	Office equipment	Vehicles	Plant & machinery	Total
Cost or valuation	£	£	£	£	£
At 1 July 2017	4,647,622	3,130	106,824	808,391	5,565,967
At 30 June 2018	4,647,622	3,130	106,824	808,391	5,565,967
Depreciation
At 1 July 2017	0	1,832	75,826	441,208	518,866
Charge for the period	0	325	7,750	80,839	88,914
At 30 June 2018	0	2,157	83,576	522,047	607,780
Net book value
At 30 June 2018	4,647,622	973	23,248	286,344	4,958,187
At 30 June 2017	4,647,622	1,298	30,998	367,183	5,047,101

Creditors: amounts falling due within one year
	2018	2017
	£	£
Bank Loans & Overdrafts	0	38
Trade creditors	252,969	99,063
Amounts due to group undertakings	30,000	0
Other creditors	142,273	303,394
	425,242	402,495

Creditors: amounts falling due after one year
	2018	2017
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,000,000	980,997
Other	3,435,099	3,684,507
	4,435,099	4,665,504
Net Obligations under the finance leases and hire purchase contracts