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REGISTERED NUMBER: 10834236 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Kandi London Ltd

Kandi London Ltd (Registered number: 10834236)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountant 6

Kandi London Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A Downham
K Lyimo





REGISTERED OFFICE: 27 Mantilla Road Tooting Bec
London
SW17 8DY





REGISTERED NUMBER: 10834236 (England and Wales)





ACCOUNTANT: Bala Ltd
Chartered Certified
Accountants
14 Ravensbury Avenue
Morden
Surrey
SM4 6ET

Kandi London Ltd (Registered number: 10834236)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
CURRENT ASSETS
Debtors 5 41,659 93,032
Cash at bank 12,931 4,484
54,590 97,516
CREDITORS
Amounts falling due within one year 6 65,177 68,940
NET CURRENT (LIABILITIES)/ASSETS (10,587 ) 28,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,587

)

28,576

CREDITORS
Amounts falling due after more than one year 7 27,828 28,393
NET (LIABILITIES)/ASSETS (38,415 ) 183

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (38,515 ) 83
(38,415 ) 183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Kandi London Ltd (Registered number: 10834236)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:





K Lyimo - Director


Kandi London Ltd (Registered number: 10834236)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Kandi London Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Kandi London Ltd (Registered number: 10834236)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 12,811
DEPRECIATION
At 1 July 2023
and 30 June 2024 12,811
NET BOOK VALUE
At 30 June 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 32,826 1,806
Other debtors 8,833 91,226
41,659 93,032

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 11,160 11,160
Trade creditors 7,212 -
Taxation and social security 45,665 57,780
Other creditors 1,140 -
65,177 68,940

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 27,828 28,393

Kandi London Ltd

Report of the Accountant to the Directors of
Kandi London Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Bala Ltd
Chartered Certified
Accountants
14 Ravensbury Avenue
Morden
Surrey
SM4 6ET


Date: .............................................