Accounts filed on 31-01-2015

Accounts filed on 31-01-2015

HUNTER KNIGHT UPHOLSTERY LIMITED - Company Information

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2014-02-012015-01-3105667450falsetruehttp://www.companieshouse.gov.uk/pt:PlantMachinery2014-01-31http://www.companieshouse.gov.uk/cd:Director12014-02-012015-01-31http://www.companieshouse.gov.uk/pt:PlantMachinery2015-01-31http://www.companieshouse.gov.uk/pt:FixturesFittings2014-01-31http://www.companieshouse.gov.uk/pt:FixturesFittings2015-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2014-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-02-012015-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2015-01-31http://www.companieshouse.gov.uk/pt:PlantMachinery2014-02-012015-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-01-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2014-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-01-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2015-01-31http://www.companieshouse.gov.uk/pt:FixturesFittings2014-02-012015-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2014-02-012015-01-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2014-02-012015-01-31http://www.companieshouse.gov.uk/2013-02-012014-01-31http://www.companieshouse.gov.uk/2014-02-012015-01-31http://www.companieshouse.gov.uk/2014-01-31http://www.companieshouse.gov.uk/2015-01-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2014-02-012015-01-31http://www.companieshouse.gov.uk/2014-01-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05667450
The David Knight Collection Ltd
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/01/2015
Prepared By:
RDG Accounting Limited
Millhouse Business Centre
Station Road
Castle Donington
Derbyshire
DE72 3NJ

The David Knight Collection Ltd
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/01/2015
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 05667450

The David Knight Collection Ltd
Registered Number: 05667450
BALANCE SHEET AT 31/01/2015
20152014
Notes££
FIXED ASSETS
Intangible assets21,5081,646
Tangible assets318,39122,914
19,89924,560
CURRENT ASSETS
Stock6,1708,420
Debtors (amounts falling due within one year)70,10149,794
Cash at bank and in hand11,32813,829
87,59972,043
CREDITORS: Amounts falling due within one year107,44379,626
NET CURRENT LIABILITIES(19,844)(7,583)
TOTAL ASSETS LESS CURRENT LIABILITIES5516,977
CAPITAL AND RESERVES
Called up share capital422
Profit and loss account5316,975
SHAREHOLDERS' FUNDS5516,977
For the year ending 31/01/2015 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 28/09/2015 and signed on their behalf by
David Henry Knight
Director

The David Knight Collection Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2015
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

The David Knight Collection Ltd
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/02/20142,7502,750
At 31/01/20152,7502,750
Depreciation
At 01/02/20141,1041,104
For the year138138
At 31/01/20151,2421,242
Net Book Amounts
At 31/01/20151,5081,508
At 31/01/20141,6461,646
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentTotal
££££
Cost
At 01/02/201439,7571,8633,15044,770
Additions1,364123-1,487
At 31/01/201541,1211,9863,15046,257
Depreciation
At 01/02/201418,5671,1772,11221,856
For the year5,5701812596,010
At 31/01/201524,1371,3582,37127,866
Net Book Amounts
At 31/01/201516,98462877918,391
At 31/01/201421,1906861,03822,914
Included within plant and machinery is an asset held under hire purchase contract, with a cost value of £35,440, depreciation of £15,585 and net book value of £19,855.

The David Knight Collection Ltd
4. SHARE CAPITAL 20152014
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
5. RELATED PARTY TRANSACTIONS
Included within other creditors is an amount of £45,385 (2014 £26,079) owed to the directors for funds introduced to the company. There are no fixed repayment terms and no interest is charged.
The company paid rent to the directors for the use of their residence of £1,820 (2014 £1,820) during the year.
6. CONTROLLING PARTY
The company is controlled by the directors Davide Henry Knight and Lyn Knight who own 100% of the issued share capital.