Knitty-gritty Ltd - Accounts

Knitty-gritty Ltd - Accounts

KNITTY-GRITTY LTD - Company Information

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Knitty-gritty Ltd 09912988 Wholesale of furniture, Carpets false 1 January 2021 09912988 2021-01-01 2021-12-31 09912988 2020-12-31 09912988 2021-12-31 09912988 frs102-bus:FRS102 2021-01-01 2021-12-31 09912988 frs102-bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 09912988 frs102-bus:FullAccounts 2021-01-01 2021-12-31 09912988 frs102-bus:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 09912988 frs102-core:CurrentFinancialInstruments 2021-12-31 09912988 frs102-core:Non-currentFinancialInstruments 2021-12-31 09912988 frs102-core:ShareCapital 2021-12-31 09912988 frs102-core:RetainedEarningsAccumulatedLosses 2021-12-31 09912988 frs102-bus:Director1 2021-01-01 2021-12-31 09912988 frs102-core:ComputerEquipment 2021-01-01 2021-12-31 09912988 frs102-core:FurnitureFittings 2021-01-01 2021-12-31 09912988 frs102-core:Vehicles 2021-01-01 2021-12-31 09912988 frs102-core:ComputerEquipment 2020-12-31 09912988 frs102-core:FurnitureFittings 2020-12-31 09912988 frs102-core:Vehicles 2020-12-31 09912988 frs102-core:ComputerEquipment 2021-12-31 09912988 frs102-core:FurnitureFittings 2021-12-31 09912988 frs102-core:Vehicles 2021-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
09912988
Knitty-gritty Ltd
Unaudited Accounts
for the year ended
31 December 2021
Knitty-gritty Ltd
Balance Sheet
as at 31 December 2021
Notes
 2021
£
Fixed assets
Tangible assets 6 10,398
10,398
Current assets
Debtors 7 12,735
Cash at bank and in hand 26,700
39,435
Creditors: amounts falling due within one year 8 (14,477)
Net current assets / (liabilities) 24,958
Total assets less current liabilities 35,356
Creditors: amounts falling due after more than one year 9 (5,862)
Provisions for liabilities (0)
Total net assets (liabilities) 29,494
Capital and reserves
Called up share capital 10 100
Profit and loss account 29,394
Shareholders' funds 29,494

Knitty-gritty Ltd
Balance Sheet
as at 31 December 2021



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 31 December 2021 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 M Ali

Director


Approved by the board on 15 March 2022

Company Number: 09912988 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Unit 2
22 Halifax Road
Liversedge
WF15 6JQ
England

Knitty-gritty Ltd
Notes to the Accounts
for the year ended 31 December 2021

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.
Computer equipment 18% Reducing Balance
Fixtures & Fittings 18% Reducing Balance
Vehicles 18% Reducing Balance
2. Profit or loss

Profit before tax is stated after charging the following:
2021
£
Directors' remuneration 10,918

3. Taxation
2021
£
UK Corporation Tax 7,455
Tax on profit/(loss) on ordinary activities 7,455

4. Directors' remuneration
2021
£
Total 0

5. Employees
2021
Average number of employees during the period 1

6. Tangible fixed assets
Computer equipment Fixtures & Fittings Vehicles Total
Cost or valuation £ £ £ £
At 1 January 2021 2,000 0 0 2,000
Additions 0 6,040 5,000 11,040
At 31 December 2021 2,000 6,040 5,000 13,040
Depreciation
At 1 January 2021 360 0 0 360
Charge for the period 295 1,087 900 2,282
At 31 December 2021 655 1,087 900 2,642
Net book value
At 31 December 2021 1,345 4,953 4,100 10,398
At 31 December 2020 1,640 0 0 1,640

7. Debtors
2021
£
Trade debtors 12,735
12,735

8. Creditors: amounts falling due within one year
2021
£
Trade creditors 1,500
Taxation & social security 7,977
Other creditors 5,000
14,477

9. Creditors: amounts falling due after one year
2021
£
Other 5,862
5,862

10. Share capital
2021
£
Allotted, called up and fully paid:
100 Ord shares of £0.00 each 0
100

11. Dividends
2021
£
Total dividend payment 5,000