Dr Kane Ltd 11605012 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is other business support service activities not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true true 11605012 2022-11-01 2023-10-31 11605012 2023-10-31 11605012 core:RetainedEarningsAccumulatedLosses 2023-10-31 11605012 core:ShareCapital 2023-10-31 11605012 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 11605012 core:FurnitureFittingsToolsEquipment 2023-10-31 11605012 bus:SmallEntities 2022-11-01 2023-10-31 11605012 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 11605012 bus:FilletedAccounts 2022-11-01 2023-10-31 11605012 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11605012 bus:RegisteredOffice 2022-11-01 2023-10-31 11605012 bus:Director1 2022-11-01 2023-10-31 11605012 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11605012 core:ComputerEquipment 2022-11-01 2023-10-31 11605012 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 11605012 countries:EnglandWales 2022-11-01 2023-10-31 11605012 2022-10-31 11605012 core:FurnitureFittingsToolsEquipment 2022-10-31 11605012 2021-11-01 2022-10-31 11605012 2022-10-31 11605012 core:RetainedEarningsAccumulatedLosses 2022-10-31 11605012 core:ShareCapital 2022-10-31 11605012 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 11605012 core:FurnitureFittingsToolsEquipment 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 11605012

Dr Kane Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Dr Kane Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Dr Kane Ltd

Company Information

Director

Dr RC Kane

Registered office

Oakmoore Court Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Dr Kane Ltd

(Registration number: 11605012)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,680

2,100

Current assets

 

Cash at bank and in hand

 

464

214

Creditors: Amounts falling due within one year

5

(2,109)

(660)

Net current liabilities

 

(1,645)

(446)

Net assets

 

35

1,654

Capital and reserves

 

Called up share capital

10

10

Retained earnings

25

1,644

Shareholders' funds

 

35

1,654

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

Director's 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 director acknowledges 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 October 2024
 

.........................................
Dr RC Kane
Director

   
     
 

Dr Kane Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Oakmoore Court Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH
Great Britain

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.

Going concern

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

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 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.

 

Dr Kane Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

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

Office equipment

20% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Dr Kane Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

2,172

2,172

At 31 October 2023

2,172

2,172

Depreciation

At 1 November 2022

72

72

Charge for the year

420

420

At 31 October 2023

492

492

Carrying amount

At 31 October 2023

1,680

1,680

At 31 October 2022

2,100

2,100

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

820

-

Accruals and deferred income

750

660

Other creditors

539

-

2,109

660