2023-03-012024-02-292024-02-29falseNI022310KANE FINANCIAL SERVICES 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KANE FINANCIAL SERVICES LIMITED

Registered Number
NI022310
(Northern Ireland)

Unaudited Financial Statements for the Year ended
29 February 2024

KANE FINANCIAL SERVICES LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

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
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets38,68010,278
8,68010,278
Current assets
Debtors540,361123,646
Cash at bank and on hand115,670203,673
656,031327,319
Creditors amounts falling due within one year(378,563)(78,319)
Net current assets (liabilities)277,468249,000
Total assets less current liabilities286,148259,278
Creditors amounts falling due after one year(21,667)(31,667)
Net assets264,481227,611
Capital and reserves
Called up share capital22
Profit and loss account264,479227,609
Shareholders' funds264,481227,611
The financial statements were approved and authorised for issue by the Director on 27 November 2024, 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 29 February 2024

1.Accounting policies
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.
Statement of compliance
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.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings2020
Office Equipment2020
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 2330,064
Additions572
At 29 February 2430,635
Depreciation and impairment
At 01 March 2319,786
Charge for year2,170
At 29 February 2421,956
Net book value
At 29 February 248,680
At 28 February 2310,278