ACCOUNTS - Final Accounts

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-10-312017-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueGoods retailfalse2016-11-01 09246634 2016-11-01 2017-10-31 09246634 2015-11-01 2016-10-31 09246634 2017-10-31 09246634 2016-10-31 09246634 c:Director1 2016-11-01 2017-10-31 09246634 d:CurrentFinancialInstruments 2017-10-31 09246634 d:CurrentFinancialInstruments 2016-10-31 09246634 d:CurrentFinancialInstruments d:WithinOneYear 2017-10-31 09246634 d:CurrentFinancialInstruments d:WithinOneYear 2016-10-31 09246634 d:ShareCapital 2017-10-31 09246634 d:ShareCapital 2016-10-31 09246634 d:RetainedEarningsAccumulatedLosses 2017-10-31 09246634 d:RetainedEarningsAccumulatedLosses 2016-10-31 09246634 c:OrdinaryShareClass1 2016-11-01 2017-10-31 09246634 c:OrdinaryShareClass1 2017-10-31 09246634 c:FRS102 2016-11-01 2017-10-31 09246634 c:AuditExempt-NoAccountantsReport 2016-11-01 2017-10-31 09246634 c:FullAccounts 2016-11-01 2017-10-31 09246634 c:PrivateLimitedCompanyLtd 2016-11-01 2017-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09246634

KNNX LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017


KNNX LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 3


KNNX LIMITED REGISTERED NUMBER:09246634

STATEMENT OF FINANCIAL POSITION

AS AT 31 OCTOBER 2017

		2017		2016
Note		£		£


Current assets
Stocks		164		438
Debtors: amounts falling due within one year	4	3		22
Cash at bank and in hand		1,149		1,782
Current liabilities		1,316		2,242
Creditors: amounts falling due within one year	5	(1,400)		(1,264)
Net current (liabilities)/assets			(84)		978

Net (liabilities)/assets			(84)		978

Capital and reserves
Called up share capital	4,000	4,000
Profit and loss account	(4,084)	(3,022)
	(84)	978

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 July 2018.

P A Gregson

Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1


KNNX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

1.	General information

Knnx Limited is a limited liability company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the compnay during the year continued to be that of sale and distribution of audio, visual and data cables.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added Tax and trade discounts.
The company recognises revenue from goods is recognised when the goods are delivered to the customers.

2.3

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.4

Basic financial instruments

The company only enters into transactions that result in the recognition of basic financial assets and basic financial liabilities.
Basic financial assets, such as trade and other debtors, are initially recognised at the transaction price less attributable transaction costs. Basic financial liabilities, such as trade and other creditors, are initially recognised at the transaction price plus attributable transaction costs. Subsequently, they are measured at amortised cost using the effective interest method, less any impairment losses in the case of basic financial assets.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Employees

The average monthly number of employees, including directors, during the year was 1 (2016 - 1).

Page 2


KNNX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

Debtors

					2017	2016
					£	£


Trade debtors	3	2
Other debtors	-	20
	3	22

5.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Trade creditors	264	264
Taxation and social security	136	-
Accruals and deferred income	1,000	1,000
	1,400	1,264

6.	Share capital
		2017	2016
		£	£

Allotted, called up and fully paid

4,000 Ordinary shares of £1 each	4,000	4,000

7.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

Page 3