Knowledge Acuity Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08628863 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

FOR

KNOWLEDGE ACUITY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr T Cox

REGISTERED OFFICE:

41 Rodney Road

Cheltenham

United Kingdom

Gloucestershire

HR4 8NG

REGISTERED NUMBER:

08628863 (England and Wales)

ACCOUNTANTS:

Mitchell Glanville Limited

41 Rodney Road

Cheltenham

Gloucestershire

GL50 1HX

CURRENT ASSETS

Debtors

4

12,420

13,829

Cash at bank

24,340

20,052

36,760

33,881

CREDITORS

Amounts falling due within one year

5

33,294

31,602

NET CURRENT ASSETS

3,466

2,279

TOTAL ASSETS LESS CURRENT LIABILITIES

3,466

2,279

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6

3,366

2,179

SHAREHOLDERS' FUNDS

3,466

2,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 12 January 2019 and were signed by:

Mr T Cox - Director

1.	STATUTORY INFORMATION

Knowledge Acuity Ltd 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

12,420

13,110

Prepayments

-

719

12,420

13,829

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1

1

Tax

20,894

19,205

Social security and other taxes

188

(304

)

VAT

6,404

6,210

Directors' current accounts

5,807

6,053

Accrued expenses

-

437

33,294

31,602

6.

RESERVES

Retained

earnings

£

At 1 August 2017

2,179

Profit for the year

89,109

Dividends

(87,922

)

At 31 July 2018

3,366

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is a balance owed to the director of £5,807. This loan has no repayment terms and does not

attract interest.

During the year the company paid dividends of £87,922. to the director Mr T Cox.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr T Cox.