Knight M & S Limited - Accounts to registrar (filleted) - small 17.3

Knight M & S Limited - Accounts to registrar (filleted) - small 17.3

M & S KNIGHT LIMITED - Company Information

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REGISTERED NUMBER: 04861537 (England and Wales)









ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

M & S KNIGHT LIMITED
M & S KNIGHT LIMITED (REGISTERED NUMBER: 04861537)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M & S KNIGHT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: M D Knight
Mrs S J Knight





SECRETARY: Mrs S J Knight





REGISTERED OFFICE: 2 Grasmere Close
Harnham
Salisbury
SP2 8DG





REGISTERED NUMBER: 04861537 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR
Page 1
M & S KNIGHT LIMITED (REGISTERED NUMBER: 04861537)

ABRIDGED BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,098 937
3,098 937

CURRENT ASSETS
Debtors 2,529 1,514
Cash at bank 111,920 72,328
114,449 73,842
CREDITORS
Amounts falling due within one year 74,612 21,774
NET CURRENT ASSETS 39,837 52,068
TOTAL ASSETS LESS CURRENT LIABILITIES 42,935 53,005

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 42,835 52,905
SHAREHOLDERS' FUNDS 42,935 53,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 notes form part of these financial statements

Page 2 continued...
M & S KNIGHT LIMITED (REGISTERED NUMBER: 04861537)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2017


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on 21 December 2017 and
were signed on its behalf by:





M D Knight - Director


The notes form part of these financial statements

Page 3
M & S KNIGHT LIMITED (REGISTERED NUMBER: 04861537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017


1. STATUTORY INFORMATION

M & S Knight 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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which
is the functional currency of the company.

The company transitioned from previously extant UK GAAP to FRS 102 as at 1 April 2015. At the date of
transition no restatements were required.

The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.

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 2003, has been written
down to nil over a 10 year period.

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.
Equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low
value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the
profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of
acquisition.

Taxation
Taxation for the year 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.

Page 4 continued...
M & S KNIGHT LIMITED (REGISTERED NUMBER: 04861537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017


2. ACCOUNTING POLICIES - continued

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 year 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.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their
settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2016
and 31 March 2017 24,000
AMORTISATION
At 1 April 2016
and 31 March 2017 24,000
NET BOOK VALUE

At 31 March 2017 -
At 31 March 2016 -

Page 5 continued...
M & S KNIGHT LIMITED (REGISTERED NUMBER: 04861537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2016 7,483
Additions 3,370
Disposals (5,406 )
At 31 March 2017 5,447
DEPRECIATION
At 1 April 2016 6,546
Charge for year 981
Eliminated on disposal (5,178 )
At 31 March 2017 2,349
NET BOOK VALUE
At 31 March 2017 3,098
At 31 March 2016 937

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100

7. RELATED PARTY DISCLOSURES

Creditors due within one year include £57,041 (2016 - £3,511) which is owed to the directors of the company.

Page 6