Knoyle Advisory Limited,Ltd - AccountsLtd - Accounts

Knoyle Advisory Limited,Ltd - AccountsLtd - Accounts

KNOYLE ADVISORY LIMITED - Company Information

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2016-03-01 08893887 2017-02-28 08893887 2016-03-01 2017-02-28 08893887 2016-02-29 08893887 2015-03-01 2016-02-29 08893887 uk-core:WithinOneYear 2016-02-29 08893887 uk-core:WithinOneYear 2017-02-28 08893887 uk-core:ShareCapital 2017-02-28 08893887 uk-core:ShareCapital 2016-02-29 08893887 uk-core:RetainedEarningsAccumulatedLosses 2017-02-28 08893887 uk-core:RetainedEarningsAccumulatedLosses 2016-02-29 08893887 uk-bus:Director1 2016-03-01 2017-02-28 08893887 uk-core:ComputerEquipment 2016-03-01 2017-02-28 iso4217:GBP 08893887 uk-bus:AuditExempt-NoAccountantsReport 2016-03-01 2017-02-28 08893887 uk-bus:FRS102 2016-03-01 2017-02-28 08893887 uk-bus:FullAccounts 2016-03-01 2017-02-28 08893887 uk-bus:PrivateLimitedCompanyLtd 2016-03-01 2017-02-28
Knoyle Advisory Limited
Registered Number:08893887
For the year ended 28 February 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2017
Knoyle Advisory Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 28 February 2017
Knoyle Advisory Limited
Statement of Financial Position
Registered Number :
08893887
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
1,767
1,571
2
1,767
1,571
Current assets
Trade and other receivables
-
2,571
3
43,904
Cash and cash equivalents
113,406
115,977
43,904
Trade and other payables: amounts falling due within one
year
(31,756)
(64,230)
4
12,148
51,747
Net current assets
Total assets less current liabilities
53,514
13,719
53,514
Net assets
13,719
Capital and reserves
Called up share capital
100
100
Retained earnings
53,414
13,619
53,514
13,719
Shareholders' funds
For the year ended 28 February 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mr Christian Mark Methven Youens Director
These financial statements were approved and authorised for issue by the Board on 23 October 2017 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 28 February 2017
Knoyle Advisory Limited
Notes to the Financial Statements
Statutory Information
Knoyle Advisory Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08893887.
Principal place of business:
Park Farm
East Knoyle
Salisbury, Wiltshire
SP3 6BB
Registered address:
82 Wandsworth Bridge Road
London
SW6 2TF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 % Straight line
Computer Equipment
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 March 2016
2,537
1,107
Additions
At 28 February 2017
3,644
Provision for depreciation and impairment
At 01 March 2016
966
Charge for year
911
At 28 February 2017
1,877
At 28 February 2017
Net book value
1,767
At 29 February 2016
1,571
2 of 3
5
For the year ended 28 February 2017
Knoyle Advisory Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2016
2017
£
£
Trade debtors
2,571
-
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Taxation and social security
61,478
29,956
Other creditors
2,752
1,800
64,230
31,756
5. Transition to FRS 102
This is the first financial year that the Company has presented its financial statements in accordance with FRS 102
Section1A "The Financial Reporting Framework Applicable in the UK and Republic of Ireland' ('FRS 102'). For
financial years up to and including the year ended 29 February 2016, the Company prepared its financial statements
in accordance with Financial Reporting Standard for micro entities (FRS 105). The Company's date of transition to
FRS 102 is therefore 1 March 2015. This note sets out any changes to accounting policies and transitional
adjustments that are required for first time transition to FRS 102. There are no changes to the accounting policies
nor balances relating to the financial year ending 28 February 2017 as a result of this transition.
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