IRIS Accounts Production v22.2.0.402 06575241 director 1.5.21 30.4.22 30.4.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure065752412021-04-30065752412022-04-30065752412021-05-012022-04-30065752412020-04-30065752412020-05-012021-04-30065752412021-04-3006575241ns16:EnglandWales2021-05-012022-04-3006575241ns15:PoundSterling2021-05-012022-04-3006575241ns11:Director12021-05-012022-04-3006575241ns11:PrivateLimitedCompanyLtd2021-05-012022-04-3006575241ns11:SmallEntities2021-05-012022-04-3006575241ns11:AuditExempt-NoAccountantsReport2021-05-012022-04-3006575241ns11:SmallCompaniesRegimeForDirectorsReport2021-05-012022-04-3006575241ns11:SmallCompaniesRegimeForAccounts2021-05-012022-04-3006575241ns11:FullAccounts2021-05-012022-04-3006575241ns6:CurrentFinancialInstruments2022-04-3006575241ns6:CurrentFinancialInstruments2021-04-3006575241ns6:ShareCapital2022-04-3006575241ns6:ShareCapital2021-04-3006575241ns6:RetainedEarningsAccumulatedLosses2022-04-3006575241ns6:RetainedEarningsAccumulatedLosses2021-04-3006575241ns11:RegisteredOffice2021-05-012022-04-3006575241ns6:ComputerEquipment2021-05-012022-04-3006575241ns6:ComputerEquipment2021-04-3006575241ns6:ComputerEquipment2022-04-3006575241ns6:ComputerEquipment2021-04-30
REGISTERED NUMBER: 06575241 (England and Wales)

















KAND LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022






KAND LIMITED (REGISTERED NUMBER: 06575241)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


KAND LIMITED (REGISTERED NUMBER: 06575241)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Cash at bank 135,519 179,527

CREDITORS
Amounts falling due within one year 5 38,713 40,202
NET CURRENT ASSETS 96,806 139,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,806

139,325

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 96,756 139,275
SHAREHOLDERS' FUNDS 96,806 139,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2022 and were signed by:





N W Daniels - Director


KAND LIMITED (REGISTERED NUMBER: 06575241)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

1. STATUTORY INFORMATION

Kand Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06575241

Registered office: The Hollies
23 Dells Lane
Biggleswade
Bedfordshire
SG18 8LJ

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 statement of financial position date.


KAND LIMITED (REGISTERED NUMBER: 06575241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2021
and 30 April 2022 1,789
DEPRECIATION
At 1 May 2021
and 30 April 2022 1,789
NET BOOK VALUE
At 30 April 2022 -
At 30 April 2021 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 2,201 4,371
Other creditors 36,512 35,831
38,713 40,202

6. RELATED PARTY DISCLOSURES

During the year, total dividends of £12,000 (2021 - £14,000) were paid to the director .

During the year, total dividends of £12,000 (2021 - £14,000) were paid to a close family member of the director.