KANAH LIMITED

Company Registration Number:
08499242 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

KANAH LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

KANAH LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 500,000 550,000
Tangible assets: 4 349,647 357,267
Total fixed assets: 849,647 907,267
Current assets
Stocks: 85,000 99,575
Debtors:   754,191 562,926
Cash at bank and in hand: 79,190 102,553
Total current assets: 918,381 765,054
Creditors: amounts falling due within one year:   (460,535) (407,397)
Net current assets (liabilities): 457,846 357,657
Total assets less current liabilities: 1,307,493 1,264,924
Creditors: amounts falling due after more than one year:   (300,783) (338,531)
Total net assets (liabilities): 1,006,710 926,393
Capital and reserves
Called up share capital: 100,000 100,000
Profit and loss account: 906,710 826,393
Shareholders funds: 1,006,710 926,393

The notes form part of these financial statements

KANAH LIMITED

Balance sheet statements

For the year ending 31 March 2024 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 19 March 2025
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 2024

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 discount and value added tax. Revenue from the sale of goods is recognized when the significant risk and reward of ownership have been transferred to buyer, usually on dispatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefit 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 asset as a result of a revaluation recognized in other comprehensive income and accumulated in capital and reserves except to the extent it reverse a revaluation decrease of the same asset previously recognized in profit or 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 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 & Fittings and Equipment- 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 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 asset cannot be made, the life is presumed not to exceed ten years.

Valuation and information policy

Stock are measured at the lower of cost and estimated selling price less costs to complete and sell. Cos include all cost of purchase, cost of conversation and other costs incurred in bringing the stock to their present location and condition.

KANAH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 11 11

KANAH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 1,000,000
At 31 March 2024 1,000,000
Amortisation
At 01 April 2023 450,000
Charge for year 50,000
At 31 March 2024 500,000
Net book value
At 31 March 2024 500,000
At 31 March 2023 550,000

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortized evenly over its estimated useful life of twenty years.

KANAH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 436,520
At 31 March 2024 436,520
Depreciation
At 01 April 2023 79,253
Charge for year 7,620
At 31 March 2024 86,873
Net book value
At 31 March 2024 349,647
At 31 March 2023 357,267