P & J Knight Limited - Accounts to registrar (filleted) - small 23.1.2
P & J Knight Limited - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| P & J Knight Limited |
| Financial Statements |
| for the Period 1 March 2022 to 31 March 2023 |
| P & J Knight Limited (Registered number: 06120042) |
| Contents of the Financial Statements |
| for the period 1 March 2022 to 31 March 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| P & J Knight Limited |
| Company Information |
| for the period 1 March 2022 to 31 March 2023 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 24 Cornwall Road |
| Dorchester |
| Dorset |
| DT1 1RX |
| BANKERS: |
| 15 Cornhill |
| Dorchester |
| Dorset |
| DT1 1BJ |
| P & J Knight Limited (Registered number: 06120042) |
| Balance Sheet |
| 31 March 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| P & J Knight Limited (Registered number: 06120042) |
| Notes to the Financial Statements |
| for the period 1 March 2022 to 31 March 2023 |
| 1. | STATUTORY INFORMATION |
| P & J Knight Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 2007, was being amortised evenly over its estimated useful life of twenty years. However, on cessation of trade at 31 March 2023, the goodwill is no longer considered to have any market value and provision is made in these accounts to reduce the net book value to £nil. |
| 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 |
| Equipment | - |
| Motor vehicles | - |
| Taxation |
| Taxation for the period 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 period 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 period was |
| P & J Knight Limited (Registered number: 06120042) |
| Notes to the Financial Statements - continued |
| for the period 1 March 2022 to 31 March 2023 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 March 2022 |
| and 31 March 2023 |
| AMORTISATION |
| At 1 March 2022 |
| Amortisation for period |
| At 31 March 2023 |
| NET BOOK VALUE |
| At 31 March 2023 |
| At 28 February 2022 |
| 5. | TANGIBLE FIXED ASSETS |
| Motor |
| Equipment | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 March 2022 |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 March 2023 |
| DEPRECIATION |
| At 1 March 2022 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 March 2023 |
| NET BOOK VALUE |
| At 31 March 2023 |
| At 28 February 2022 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Corporation tax recoverable |
| Deferred tax asset |
| Accelerated capital allowances | - | 39 |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade creditors |
| UK corporation tax |
| Tax and social security costs |
| Directors' current accounts | 14,192 | 13,209 |
| Accruals and deferred income |