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REGISTERED NUMBER: 02276456 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Kanflu Hydraulics Limited

Kanflu Hydraulics Limited (Registered number: 02276456)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kanflu Hydraulics Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr C A Barnes
Mr C J Lawrence





SECRETARY: Mrs M Kane





REGISTERED OFFICE: 27 Brunel Close
Drayton Fields Industrial Estate
Daventry
Northamptonshire
NN11 8RB





REGISTERED NUMBER: 02276456 (England and Wales)





ACCOUNTANTS: Richard Clarke & Co (At Your Service) Ltd
Unit 3, Mobbs Miller House
Christchurch Road
Northampton
Northamptonshire
NN1 5LL

Kanflu Hydraulics Limited (Registered number: 02276456)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,582 84,548

CURRENT ASSETS
Stocks 498,132 439,081
Debtors 5 382,382 402,458
Cash at bank and in hand 254,970 241,760
1,135,484 1,083,299
CREDITORS
Amounts falling due within one year 6 661,592 530,711
NET CURRENT ASSETS 473,892 552,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

542,474

637,136

CREDITORS
Amounts falling due after more than one
year

7

(425,000

)

(525,000

)

PROVISIONS FOR LIABILITIES (12,980 ) (10,018 )
NET ASSETS 104,494 102,118

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 90 90
Retained earnings 103,404 101,028
104,494 102,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Kanflu Hydraulics Limited (Registered number: 02276456)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:




Mr C A Barnes - Director



Mr C J Lawrence - Director


Kanflu Hydraulics Limited (Registered number: 02276456)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Kanflu Hydraulics 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 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.

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.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2022 - 13 ) .

Kanflu Hydraulics Limited (Registered number: 02276456)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2022 104,620 78,948 79,132 16,609 279,309
Additions - 1,400 - 7,580 8,980
Disposals - - (23,139 ) - (23,139 )
At 31 March 2023 104,620 80,348 55,993 24,189 265,150
Depreciation
At 1 April 2022 71,064 44,725 66,222 12,750 194,761
Charge for year 4,891 5,305 787 4,201 15,184
Eliminated on disposal - - (13,377 ) - (13,377 )
At 31 March 2023 75,955 50,030 53,632 16,951 196,568
Net book value
At 31 March 2023 28,665 30,318 2,361 7,238 68,582
At 31 March 2022 33,556 34,223 12,910 3,859 84,548

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 356,823 369,614
Other debtors 25,559 32,844
382,382 402,458

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 204,386 165,267
Amounts owed to group undertakings 226,879 187,775
Taxation and social security 125,967 136,935
Other creditors 104,360 40,734
661,592 530,711

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 425,000 525,000