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Registration number: 03557356

Kanko Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

Kanko Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Kanko Limited

Company Information

Directors

Dr L M Kanan

Mr H Kanan

Company secretary

Dr L M Kanan

Registered office

51 St John Street
Ashbourne
Derbyshire
DE6 1GP

Accountants

Coates and Partners Limited
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

Kanko Limited

(Registration number: 03557356)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,294

3,246

Current assets

 

Debtors

5

9,343

6,478

Cash at bank and in hand

 

10,907

15,182

 

20,250

21,660

Creditors: Amounts falling due within one year

6

(12,927)

(14,413)

Net current assets

 

7,323

7,247

Total assets less current liabilities

 

9,617

10,493

Provisions for liabilities

(436)

(617)

Net assets

 

9,181

9,876

Capital and reserves

 

Called up share capital

4

4

Retained earnings

9,177

9,872

Shareholders' funds

 

9,181

9,876

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the Board on 29 February 2024 and signed on its behalf by:
 

 

Kanko Limited

(Registration number: 03557356)
Balance Sheet as at 30 September 2023 (continued)

.........................................
Dr L M Kanan
Company secretary and director

   
     
 

Kanko Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 03557356.

The address of its registered office is:
51 St John Street
Ashbourne
Derbyshire
DE6 1GP
England

These financial statements were authorised for issue by the Board on 29 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Going concern

The financial statements have been prepared on a going concern basis.

 

Kanko Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

20% straight line basis

 

Kanko Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Computer equipment
 £

Total
£

Cost or valuation

At 1 October 2022

10,132

10,132

Disposals

(5,886)

(5,886)

At 30 September 2023

4,246

4,246

Depreciation

At 1 October 2022

6,886

6,886

Charge for the year

849

849

Eliminated on disposal

(5,783)

(5,783)

At 30 September 2023

1,952

1,952

Carrying amount

At 30 September 2023

2,294

2,294

At 30 September 2022

3,246

3,246

 

Kanko Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

5

Debtors

Current

2023
£

2022
£

Trade debtors

8,637

6,260

Prepayments

411

218

Other debtors

295

-

 

9,343

6,478

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

10,312

11,791

Accruals and deferred income

2,493

2,292

Other creditors

122

330

12,927

14,413