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REGISTERED NUMBER: 10418106 (England and Wales)





















KANDOU BUS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






KANDOU BUS LIMITED (REGISTERED NUMBER: 10418106)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


KANDOU BUS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M A Shokrollahi
G Cinque
L Srujan





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 10418106 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

KANDOU BUS LIMITED (REGISTERED NUMBER: 10418106)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 742,510 900,637

CURRENT ASSETS
Debtors 5 3,039,571 2,632,345
Cash at bank 726,267 148,199
3,765,838 2,780,544
CREDITORS
Amounts falling due within one year 6 627,750 623,318
NET CURRENT ASSETS 3,138,088 2,157,226
TOTAL ASSETS LESS CURRENT LIABILITIES 3,880,598 3,057,863

PROVISIONS FOR LIABILITIES 29,385 29,385
NET ASSETS 3,851,213 3,028,478

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 3,851,212 3,028,477
SHAREHOLDERS' FUNDS 3,851,213 3,028,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

KANDOU BUS LIMITED (REGISTERED NUMBER: 10418106)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:





G Cinque - Director


KANDOU BUS LIMITED (REGISTERED NUMBER: 10418106)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Kandou Bus Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery - Straight line over 5 years
Fixtures and fittings - Straight line over 5 years
Computer equipment - Straight line over 5 years

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

KANDOU BUS LIMITED (REGISTERED NUMBER: 10418106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Going concern
The financial statements have been prepared on a going concern basis as the parent undertaking, Kandou Bus SA, has agreed to provide such financial support as may be necessary in order to enable the company to meet it's financial obligations as they fall due in the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 67 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 1,146,412 620 32,429 1,179,461
Additions 97,880 - - 97,880
At 31 December 2024 1,244,292 620 32,429 1,277,341
DEPRECIATION
At 1 January 2024 259,255 620 18,949 278,824
Charge for year 252,422 - 3,585 256,007
At 31 December 2024 511,677 620 22,534 534,831
NET BOOK VALUE
At 31 December 2024 732,615 - 9,895 742,510
At 31 December 2023 887,157 - 13,480 900,637

5. DEBTORS
2024 2023
as restated
£    £   
Amounts falling due within one year:
Other debtors 1,668,585 1,488,832

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,370,986 1,143,513

Aggregate amounts 3,039,571 2,632,345

KANDOU BUS LIMITED (REGISTERED NUMBER: 10418106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 2,822 -
Trade creditors 154,636 4,962
Taxation and social security 133,047 176,770
Other creditors 337,245 441,586
627,750 623,318

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
as restated
£    £   
Within one year 38,000 38,000
Between one and five years 9,500 9,500
47,500 47,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
1 Ordinary £1 1 1

9. ULTIMATE CONTROLLING PARTY

The controlling party is Kandou Bus SA (Switzerland).

The ultimate controlling party is Kandou Bus Holdings SA (Switzerland).

The smallest and largest group for which group accounts are prepared, which include the company, is Kandou Bus Holdings SA. Copies of the group accounts can be obtained from the registered office at Building 1,EPFL Innovation Park, 1015 Lausanne, Switzerland.