KANAH LIMITED

Company Registration Number:
08499242 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

KANAH LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

KANAH LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 550,000 600,000
Tangible assets: 4 357,267 357,888
Total fixed assets: 907,267 957,888
Current assets
Stocks: 99,575 79,575
Debtors:   562,926 822,763
Cash at bank and in hand: 102,553 112,758
Total current assets: 765,054 1,015,096
Creditors: amounts falling due within one year:   (407,397) (518,811)
Net current assets (liabilities): 357,657 496,285
Total assets less current liabilities: 1,264,924 1,454,173
Creditors: amounts falling due after more than one year:   (338,531) (591,522)
Total net assets (liabilities): 926,393 862,651
Capital and reserves
Called up share capital: 100,000 100,000
Profit and loss account: 826,393 762,651
Shareholders funds: 926,393 862,651

The notes form part of these financial statements

KANAH LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 December 2023
and signed on behalf of the board by:

Name: Mina Patel
Status: Director

The notes form part of these financial statements

KANAH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognized when the significant risks and rewards of ownership have transferred to buyer, usually on dispatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent depreciation and subsequent impairment losses. An increase in carrying amount of an asset as a result of a revaluation recognized in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognized in profit o loss. A decrease in the carrying amount of an asset as a result of revaluation increase accumulated in capital and reserve in respect of that asset, the excess shall be be recognized in profit or loss. Depreciation is calculated so far as to write off the cost or valuation of an asset, less its residual value of that asset as follows. Plant and Machinery- 25% reducing balance, Fixtures and Fittings and Equipment-25 reducing balance, Motor Vehicles-25% reducing balance.If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible asset, the depreciation is revised prospectively to reflect the new estimates.

Intangible fixed assets and amortisation policy

Goodwill arises on business acquisition and represent the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at a cost less accumulated amortization and accumulated impairment losses. It is amortized on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to the complete and sell. Cost includes all costs of purchase, cost of conversion and other costs incurred in bringing the stocks to their present location and condition.

KANAH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 11 11

KANAH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 1,000,000
At 31 March 2023 1,000,000
Amortisation
At 01 April 2022 400,000
Charge for year 50,000
At 31 March 2023 450,000
Net book value
At 31 March 2023 550,000
At 31 March 2022 600,000

KANAH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 426,982
Additions 9,538
At 31 March 2023 436,520
Depreciation
At 01 April 2022 69,094
Charge for year 10,159
At 31 March 2023 79,253
Net book value
At 31 March 2023 357,267
At 31 March 2022 357,888