Little Knocks Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 04408968 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

LITTLE KNOCKS LIMITED

Page

Company Information

1

Balance Sheet

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 Associates

10 Beech Court

Wokingham Road

Hurst

Berkshire

RG10 0RQ

FIXED ASSETS

Intangible assets

4

54,448

61,154

Tangible assets

5

70,640

77,274

125,088

138,428

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

6

65,369

50,188

Cash at bank

73,648

72,968

142,017

126,156

CREDITORS

Amounts falling due within one year

7

132,215

107,200

NET CURRENT ASSETS

9,802

18,956

TOTAL ASSETS LESS CURRENT LIABILITIES

134,890

157,384

CREDITORS

Amounts falling due after more than one year

8

(12,374

)

(22,273

)

PROVISIONS FOR LIABILITIES

(8,524

)

(11,054

)

NET ASSETS

113,992

124,057

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

113,892

123,957

SHAREHOLDERS' FUNDS

113,992

124,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 2 March 2017 and were signed on its behalf by:

C Buck - Director

1.	STATUTORY INFORMATION

Little Knocks Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

134,112

AMORTISATION

At 1 January 2016

72,958

Charge for year

6,706

At 31 December 2016

79,664

NET BOOK VALUE

At 31 December 2016

54,448

At 31 December 2015

61,154

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

218,466

Additions

25,696

At 31 December 2016

244,162

DEPRECIATION

At 1 January 2016

141,192

Charge for year

32,330

At 31 December 2016

173,522

NET BOOK VALUE

At 31 December 2016

70,640

At 31 December 2015

77,274

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

30,327

23,130

Other debtors

35,042

27,058

65,369

50,188

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Hire purchase contracts

9,899

9,899

Trade creditors

26,216

22,303

Taxation and social security

71,094

71,267

Other creditors

25,006

3,731

132,215

107,200

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Hire purchase contracts

12,374

22,273

9.	ULTIMATE CONTROLLING PARTY