Paul Knight Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC522552 (Scotland)

Unaudited Financial Statements

for the Year Ended 5 April 2020

for

Paul Knight Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Knight

REGISTERED OFFICE:

1 Hollyhock Glade

Livingston

West Lothian

EH54 9JQ

REGISTERED NUMBER:

SC522552 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

CURRENT ASSETS

Investments

4

1,105

3,367

Cash at bank

15,587

3,514

16,692

6,881

CREDITORS

Amounts falling due within one year

5

8,032

6,627

NET CURRENT ASSETS

8,660

254

TOTAL ASSETS LESS CURRENT LIABILITIES

8,660

254

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8,659

253

SHAREHOLDERS' FUNDS

8,660

254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 4 December 2020 and were signed by:

P Knight - Director

1.	STATUTORY INFORMATION

Paul Knight Limited is a private company, limited by shares , registered in Scotland. 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 amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

Taxation

Taxation for the year comprises current and 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	CURRENT ASSET INVESTMENTS

5.4.20

5.4.19

£

£

Unlisted investments

1,105

3,367

Unlisted investments are reported at their fair value with gains and losses reported on the income statement.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.20

5.4.19

£

£

Taxation and social security

6,638

2,400

Other creditors

1,394

4,227

8,032

6,627