Knight & Co (Engineers) Limited - Period Ending 2016-04-05

Registration number: 00256235

Knight & Co (Engineers) Limited

Unaudited Abbreviated Accounts

for the Year Ended 5 April 2016
 

Sobell Rhodes LLP
Chartered Accountants
Ground Floor
Unit 501 Centennial Park
Centennial Avenue
Elstree, Borehamwood
Hertfordshire
WD6 3FG

Knight & Co (Engineers) Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Knight & Co (Engineers) Limited
(Registration number: 00256235)
Abbreviated Balance Sheet at 5 April 2016

		Note			2016 £			2015 £
Fixed assets
Investments					428,007			450,358
Current assets
Debtors					300			71
Cash at bank and in hand					128,218			97,709
					128,518			97,780
Creditors: Amounts falling due within one year					(1,796)			(1,864)
Net current assets					126,722			95,916
Net assets					554,729			546,274
Capital and reserves
Called up share capital		3			78,060			78,060
Profit and loss account					476,669			468,214
Shareholders' funds					554,729			546,274

For the year ending 5 April 2016 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 27 October 2016 and signed on its behalf by:

 Mr A J Scott Knight
 Director

 Mr A J White
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Knight & Co (Engineers) Limited
Notes to the Abbreviated Accounts for the Year Ended 5 April 2016
......... 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 January 2015).

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 2015		450,358			450,358
Additions		17,424			17,424
Disposals		(39,775)			(39,775)
At 5 April 2016		428,007			428,007
Depreciation
At 5 April 2016		-			-
Net book value
At 5 April 2016		428,007			428,007
At 5 April 2015		450,358			450,358

Page 2

Knight & Co (Engineers) Limited
Notes to the Abbreviated Accounts for the Year Ended 5 April 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		78,060			78,060			78,060			78,060

Page 3