Knightsbridge_Distribution_Limited_30_Jun_2021_companies_house_set_of_accounts.html
Knightsbridge_Distribution_Limited_30_Jun_2021_companies_house_set_of_accounts.html
Company registration number:
Report to the board of directors on the preparation of the unaudited statutory financial statements of Knightsbridge Distribution Ltd
Year ended 30 June 2021
As described on the statement of financial position, the Board of Directors of Knightsbridge Distribution Ltd are responsible for the preparation of the financial statements for the year ended 30 June 2021 , which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
16 Rainham RoadLondonNW10 5DJUnited Kingdom
Date:
29 June 2022
Statement of Financial Position
| 2021 | 2020 | ||||
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| Note | £ | £ | |||
| Current assets | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year | 6 |
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| Net current liabilities |
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| Total assets less current liabilities | (4,807 | ) | (15,429 | ) | |
| Creditors: amounts falling due after more than one year | 7 |
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| Net liabilities |
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| Capital and reserves | |||||
| Called up share capital |
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| Profit and loss account |
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| Shareholders deficit |
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For the year ending 30 June 2021 , the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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.
These financial statements were approved by the board of directors and authorised for issue on 29 June 2022 , and are signed on behalf of the board by:
| Director |
Company registration number:
07674152
Notes to the Financial Statements
Year ended 30 June 2021
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 49 Elsinge Road , Enfield , Middlesex , EN1 4PG , .
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The financial statements are prepared in sterling, which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Operating leases
A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
4 Average number of employees
The average number of persons employed by the company during the year was 5 (2020: 4.00 ).
5 Debtors
| 2021 | 2020 | |||
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| £ | £ | |||
| Trade debtors |
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| Other debtors |
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6 Creditors: amounts falling due within one year
| 2021 | 2020 | |||
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| £ | £ | |||
| Taxation and social security |
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| Other creditors |
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7 Creditors: amounts falling due after more than one year
| 2021 | 2020 | |||
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| £ | £ | |||
| Bank loans and overdrafts |
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- | ||