Little Knocks Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04408968 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

LITTLE KNOCKS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

C Buck

D Buck

M Buck

T Young

SECRETARY:

C Buck

REGISTERED OFFICE:

10 Beech Court

Wokingham Road

Hurst

Berkshire

RG10 0RQ

REGISTERED NUMBER:

04408968 (England and Wales)

ACCOUNTANTS:

Vernon Gosling Friday Limited

10 Beech Court

Wokingham Road

Hurst

Berkshire

RG10 0RQ

FIXED ASSETS

Intangible assets

3

14,212

20,918

Tangible assets

4

48,895

58,661

63,107

79,579

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

5

22,686

31,048

Cash at bank

47,268

28,938

72,954

62,986

CREDITORS

Amounts falling due within one year

6

63,483

58,192

NET CURRENT ASSETS

9,471

4,794

TOTAL ASSETS LESS CURRENT LIABILITIES

72,578

84,373

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

72,478

84,273

SHAREHOLDERS' FUNDS

72,578

84,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 5 May 2023 and were signed on its behalf by:

T Young - Director

M Buck - Director

D Buck - Director

C Buck - Director

1.	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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 9 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2022

and 31 December 2022

134,112

AMORTISATION

At 1 January 2022

113,194

Charge for year

6,706

At 31 December 2022

119,900

NET BOOK VALUE

At 31 December 2022

14,212

At 31 December 2021

20,918

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

143,560

Additions

1,650

Disposals

(59,250

)

At 31 December 2022

85,960

DEPRECIATION

At 1 January 2022

84,899

Charge for year

11,416

Eliminated on disposal

(59,250

)

At 31 December 2022

37,065

NET BOOK VALUE

At 31 December 2022

48,895

At 31 December 2021

58,661

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

13,565

22,548

Other debtors

9,121

8,500

22,686

31,048

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

8,026

10,146

Taxation and social security

49,928

42,521

Other creditors

5,529

5,525

63,483

58,192

7.	ULTIMATE CONTROLLING PARTY

Throughout the period the company was controlled by Mr Martin Buck, Mr Thomas Young, Mr David Buck and Mr Christopher Buck as directors and shareholders.