Knight & Co (Engineers) Limited - Period Ending 2015-04-05

Registration number: 00256235

Knight & Co (Engineers) Limited

Unaudited Abbreviated Accounts

for the Year Ended 5 April 2015
 

Sobell Rhodes LLP
Chartered Accountants
Monument House
215 Marsh Road
Pinner
Middlesex
HA5 5NE

Knight & Co (Engineers) Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Knight & Co (Engineers) Limited
(Registration number: 00256235)
Abbreviated Balance Sheet at 5 April 2015

		Note			2015 £			(As restated) 2014 £
Fixed assets
Investments					450,358			449,974
Current assets
Debtors					71			1,113
Cash at bank and in hand					97,709			95,128
					97,780			96,241
Creditors: Amounts falling due within one year					(1,864)			(2,587)
Net current assets					95,916			93,654
Net assets					546,274			543,628
Capital and reserves
Called up share capital		3			78,060			78,060
Profit and loss account					468,214			465,568
Shareholders' funds					546,274			543,628

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Knight & Co (Engineers) Limited
(Registration number: 00256235)
Abbreviated Balance Sheet at 5 April 2015
......... continued

For the year ending 5 April 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 9 December 2015 and signed on its behalf by:

  Mr A J Scott Knight
 Director

  Mr A J White
 Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Knight & Co (Engineers) Limited
Notes to the Abbreviated Accounts for the Year Ended 5 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Investments £			Total £
Cost
At 6 April 2014		449,974			449,974
Additions		384			384
At 5 April 2015		450,358			450,358
Depreciation
At 5 April 2015		-			-
Net book value
At 5 April 2015		450,358			450,358
At 5 April 2014		449,974			449,974

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		78,060			78,060			78,060			78,060

Page 3

Knight & Co (Engineers) Limited
Notes to the Abbreviated Accounts for the Year Ended 5 April 2015
......... continued

4	Prior period adjustments

Prior year adjustment represents restatement of historical cost of investments and consolidation of historical distributable reserves related to an event prior to 6 April 2013.

Page 4