2023-05-012024-04-3030 April 2024Kanan Limited08995711falseKofi Haruna Annan31 December 202431 December 2024The principal activity of the company continued to be Delivery.48 Witnell RoadCoventryCV6 3LF65Ajaccts Software3.1.0 beta08995711bus:FullAccounts2023-05-012024-04-3008995711bus:FRS1022023-05-012024-04-3008995711bus:PrivateLimitedCompanyLtd2023-05-012024-04-3008995711bus:AuditExempt-NoAccountantsReport2023-05-012024-04-3008995711core:PlantMachinery2023-04-3008995711core:InvestmentPropertyIncludedWithinPPE2023-04-3008995711core:LandBuildings2023-04-3008995711core:FurnitureFittingsToolsEquipment2023-04-3008995711core:Vehicles2023-04-3008995711core:ComputerEquipment2023-04-3008995711core:PlantMachinery2024-04-3008995711core:InvestmentPropertyIncludedWithinPPE2024-04-3008995711core:LandBuildings2024-04-3008995711core:FurnitureFittingsToolsEquipment2024-04-3008995711core:Vehicles2024-04-3008995711core:ComputerEquipment2024-04-30089957112022-05-0108995711core:DevelopmentCostsPatentsSimilar2023-05-012024-04-3008995711core:DevelopmentCostsPatentsSimilar2024-04-3008995711core:DevelopmentCostsPatentsSimilar2023-04-3008995711core:DividendsProposed2023-05-012024-04-3008995711core:DividendsProposed2022-05-012023-04-3008995711core:LandBuildings2022-05-012023-04-3008995711core:PlantMachinery2022-05-012023-04-3008995711core:FurnitureFittingsToolsEquipment2022-05-012023-04-3008995711core:Vehicles2022-05-012023-04-3008995711core:ComputerEquipment2022-05-012023-04-3008995711core:InvestmentPropertyIncludedWithinPPE2023-05-012024-04-3008995711core:LandBuildings2023-05-012024-04-3008995711core:PlantMachinery2023-05-012024-04-3008995711core:FurnitureFittingsToolsEquipment2023-05-012024-04-3008995711core:Vehicles2023-05-012024-04-3008995711core:ComputerEquipment2023-05-012024-04-3008995711core:ComputerEquipment2022-05-0108995711core:ComputerEquipment2023-05-01089957112023-04-3008995711bus:Consolidated2023-04-30089957112024-04-3008995711bus:Consolidated2024-04-30089957112022-05-012023-04-3008995711bus:Consolidated2022-05-012023-04-30089957112023-05-012024-04-3008995711bus:Consolidated2023-05-012024-04-3008995711bus:CompanySecretaryDirector12023-05-012024-04-3008995711bus:Director12023-05-012024-04-3008995711bus:Director22023-05-012024-04-3008995711bus:Director32023-05-012024-04-3008995711bus:Director42023-05-012024-04-3008995711bus:Director52023-05-012024-04-3008995711bus:Director62023-05-012024-04-3008995711bus:Director72023-05-012024-04-3008995711bus:Director82023-05-012024-04-3008995711bus:Director92023-05-012024-04-3008995711bus:Director102023-05-012024-04-3008995711bus:Director112023-05-012024-04-3008995711bus:Director122023-05-012024-04-3008995711bus:Director132023-05-012024-04-3008995711bus:Director142023-05-012024-04-3008995711bus:Director152023-05-012024-04-3008995711bus:Director162023-05-012024-04-3008995711bus:Director172023-05-012024-04-3008995711bus:Director182023-05-012024-04-3008995711bus:Director192023-05-012024-04-3008995711bus:Director202023-05-012024-04-30089957112023-05-012024-04-3008995711bus:CompanySecretaryDirector12024-04-3008995711bus:Director12024-04-3008995711bus:Director22024-04-3008995711bus:CompanySecretaryDirector12023-05-012024-04-3008995711bus:Director12023-05-012024-04-3008995711bus:Director22023-05-012024-04-30089957112023-05-012024-04-3008995711bus:CompanySecretaryDirector12023-04-3008995711bus:Director12023-04-3008995711bus:Director22023-04-3008995711bus:EntityAccountantsOrAuditors2023-05-012024-04-3008995711bus:EntityAccountantsOrAuditors2023-05-012024-04-3008995711bus:EntityAccountantsOrAuditors2024-04-3008995711bus:RegisteredOffice2023-05-012024-04-3008995711bus:EntityBankers2023-05-012024-04-3008995711bus:EntityLawyersOrLegalAdvisers2023-05-012024-04-30xbrli:pureiso4217:GBPxbrli:shares
Filleted Unaudited Accounts for Kanan Limited
Company Information and Financial Statements

For the Financial Year ended 30 April 2024

Company Information

Directors
Kofi Haruna Annan
Secretary
Kofi Haruna Annan
Kanan Limited is a Limited Company incorporated in the United Kingdom and registered in England and Wales.
Registered Office Address
Kanan Limited
48 Witnell Road
Coventry
CV6 3LF
Registered Number
08995711
Filleted Unaudited Financial Statements
Statement of Financial Position
at 30 April 2024
20242023
££
Fixed Assets
Intangible assets--
Tangible assets560,78766,728
Investments--
60,78766,728
Current assets
Stocks--
Debtors114,80277,303
Cash at bank and in hand652,855368,719
767,657446,023
Creditors: amounts falling due within one year4(656,356)(375,858)
Net current assets111,30170,165
Total assets less current liabilities172,088136,893
Creditors: amounts falling due after more than one year(18,311)(33,162)
Net Assets153,777103,730
Capital and Reserves
Called up Share Capital615,00015,000
Profit and Loss account138,77788,730
Total Equity153,777103,730
Statement of Accordance with Small Companies regime, and Audit not required
The directors confirm that financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The directors confirm that the Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. No audit has been obtained
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The income statement and directors report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.
Other Footnotes
None
Signature of Statement of Financial Position
Signed by
DirectorKofi Haruna Annan
Approved by the board, 31 December 2024
Notes to the financial statements
at 30 April 2024
1. General Information
Kanan Limited is a Limited company incorporated in the United Kingdom and registered in England and Wales.
Registered Office Address:
Kanan Limited
48 Witnell Road
Coventry
CV6 3LF
2. Basis of Preparation and Policies
The financial statements are prepared under the historical cost convention and in accordance with FRS 102 section 1A, the Financial Reporting Standard applicable in the UK and Republic of Ireland applicable to Smaller Entities.
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Statement of Cash flows
Exempt from cash flow statement requirement : true
Accounting Policies
Turnover
Turnover represents revenue earned during the period, net of Value Added Tax.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery -- over a period of between 2 and 5 years straight line
Computer equipment -- over a period of 3 years straight line
Motor vehicles -- over a period of between 2 and 5 years straight line
The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.
Other
3. Analysis of Debtors
Short term debtors : Trade Debtors
20242023
££
114,80277,303
Short term debtors : Prepayments
20242023
££
--
Short term debtors : Others
20242023
££
--
4. Analysis of Creditors
Short term creditors : Trade Creditors
20242023
££
27,86422,502
Short term creditors : Accruals
20242023
££
10,000-
Short term creditors : Bank Overdraft
20242023
££
--
Short term creditors : Other Loan/HP
20242023
££
--
Short term creditors : Corporation Tax
20242023
££
6,70012,730
Short term creditors : VAT/Social Security
20242023
££
11,150340,626
Short term creditors : Dividends
20242023
££
--
Short term creditors : Others
20242023
££
600,642-
Short term creditors : Directors Loans
20242023
££
--
Group Undertakings
20242023
££
--
Long term creditors (incl. Directors Loans)
20242023
££
18,31133,162
5. Tangible fixed assets
Land/BuildingsPlant MachineryFixts, Fittings, EquipmentComputer EquipmentVehiclesTotal
££££££
Cost
At 30 April 2023055,10003,24054,000112,340
Additions000000
Disposals(0)(0)(0)(0)(0)(0)
Revaluations000000
At 30 April 2024055,10003,24054,000112,340
Depreciation
At 30 April 2023043,94605411,12545,612
Charge for the year04,816001,1255,941
Eliminated this year(0)(0)(0)(0)(0)(0)
At 30 April 2024048,76205412,25051,553
Net book value
At 30 April 2023011,15402,69952,87566,728
At 30 April 202406,33802,69951,75060,787
6. Share Capital
Allotted, called up and fully paid
20242023
No£No£
Ordinary15,00015,00015,00015,000
Total15,00015,00015,00015,000
7. Ultimate Controlling Party
The ultimate controlling party is the Director(s)
8. Related Party Transactions
None
9. Other Notes
The average number of employees in the year was 6 (Previous: 5)
End of Notes to Financial Statements