2022-03-012023-02-282023-02-28falseNI022310KANE FINANCIAL SERVICES 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KANE FINANCIAL SERVICES LIMITED

Registered Number
NI022310
(Northern Ireland)

Unaudited Financial Statements for the Year ended
28 February 2023

KANE FINANCIAL SERVICES LIMITED
Company Information
for the year from 1 March 2022 to 28 February 2023

Director

FINLAY, Kenneth Herbert

Company Secretary

FLYNN, Gwyneth Fay

Registered Address

Unit 2 3c Killinchy Street
Comber
Newtownards
BT23 5AP

Registered Number

NI022310 (Northern Ireland)
KANE FINANCIAL SERVICES LIMITED
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets510,27810,976
10,27810,976
Current assets
Debtors123,64659,714
Cash at bank and on hand203,673207,523
327,319267,237
Creditors amounts falling due within one year(78,319)(28,726)
Net current assets (liabilities)249,000238,511
Total assets less current liabilities259,278249,487
Creditors amounts falling due after one year(31,667)(50,000)
Net assets227,611199,487
Capital and reserves
Called up share capital22
Profit and loss account227,609199,485
Shareholders' funds227,611199,487
The financial statements were approved and authorised for issue by the Director on 29 November 2023, and are signed on its behalf by:
FINLAY, Kenneth Herbert
Director
Registered Company No. NI022310
KANE FINANCIAL SERVICES LIMITED
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year33
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 March 2210,976
Additions1,871
At 28 February 2310,278
Depreciation and impairment
Charge for year2,569
Net book value
At 28 February 2310,278
At 28 February 2210,976