Oliver Knoop Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09493778 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2020

FOR

OLIVER KNOOP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

O J Knoop

REGISTERED OFFICE:

225 London Road

Burgess Hill

West Sussex

RH15 9QU

REGISTERED NUMBER:

09493778 (England and Wales)

ACCOUNTANTS:

Peter Lawson & Co.

225 London Road

Burgess Hill

West Sussex

RH15 9QU

FIXED ASSETS

Tangible assets

4

48,667

43,685

CURRENT ASSETS

Debtors

5

1,693

1,576

Cash at bank

25,637

43,796

27,330

45,372

CREDITORS

Amounts falling due within one year

6

18,984

22,912

NET CURRENT ASSETS

8,346

22,460

TOTAL ASSETS LESS CURRENT LIABILITIES

57,013

66,145

CREDITORS

Amounts falling due after more than one year

7

(8,148

)

(13,294

)

PROVISIONS FOR LIABILITIES

(9,247

)

(8,300

)

NET ASSETS

39,618

44,551

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

39,617

44,550

SHAREHOLDERS' FUNDS

39,618

44,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9th December 2020 and were signed by:

O J Knoop - Director

1.	STATUTORY INFORMATION

Oliver Knoop 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2019

63,373

Additions

19,448

At 31st March 2020

82,821

DEPRECIATION

At 1st April 2019

19,688

Charge for year

14,466

At 31st March 2020

34,154

NET BOOK VALUE

At 31st March 2020

48,667

At 31st March 2019

43,685

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

607

462

Other debtors

1,086

1,114

1,693

1,576

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

5,146

5,146

Trade creditors

-

2,611

Taxation and social security

6,895

10,569

Other creditors

6,943

4,586

18,984

22,912

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

8,148

13,294

8.	CAPITAL COMMITMENTS

2020

2019

£

£

Contracted but not provided for in the

financial statements

-

-

9.	ULTIMATE CONTROLLING PARTY

The controlling party is O J Knoop.