IRIS Accounts Production v25.2.0.378 02956476 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029564762023-03-31029564762024-03-31029564762023-04-012024-03-31029564762022-03-31029564762022-04-012023-03-31029564762023-03-3102956476ns15:EnglandWales2023-04-012024-03-3102956476ns14:PoundSterling2023-04-012024-03-3102956476ns10:Director12023-04-012024-03-3102956476ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102956476ns10:SmallEntities2023-04-012024-03-3102956476ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102956476ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102956476ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102956476ns10:FullAccounts2023-04-012024-03-3102956476ns10:OrdinaryShareClass12023-04-012024-03-3102956476ns10:RegisteredOffice2023-04-012024-03-3102956476ns5:CurrentFinancialInstruments2024-03-3102956476ns5:CurrentFinancialInstruments2023-03-3102956476ns5:Non-currentFinancialInstruments2024-03-3102956476ns5:Non-currentFinancialInstruments2023-03-3102956476ns5:ShareCapital2024-03-3102956476ns5:ShareCapital2023-03-3102956476ns5:RetainedEarningsAccumulatedLosses2024-03-3102956476ns5:RetainedEarningsAccumulatedLosses2023-03-3102956476ns5:FurnitureFittings2023-04-012024-03-3102956476ns5:FurnitureFittings2023-03-3102956476ns5:ComputerEquipment2023-03-3102956476ns5:ComputerEquipment2023-04-012024-03-3102956476ns5:FurnitureFittings2024-03-3102956476ns5:ComputerEquipment2024-03-3102956476ns5:FurnitureFittings2023-03-3102956476ns5:ComputerEquipment2023-03-3102956476ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3102956476ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3102956476ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3102956476ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-3102956476ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3102956476ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3102956476ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3102956476ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3102956476ns10:OrdinaryShareClass12024-03-3102956476ns5:RetainedEarningsAccumulatedLosses2023-03-3102956476ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31029564761ns10:Director12023-03-31029564761ns10:Director12022-03-31029564761ns10:Director12023-04-012024-03-31029564761ns10:Director12022-04-012023-03-31029564761ns10:Director12024-03-31029564761ns10:Director12023-03-31
REGISTERED NUMBER: 02956476 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

Charles Kangai Associates Limited

Charles Kangai Associates Limited (Registered number: 02956476)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Charles Kangai Associates Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Dr C Kangai





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 02956476 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Charles Kangai Associates Limited (Registered number: 02956476)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,732 5,106

CURRENT ASSETS
Debtors 5 153,276 27,657
Cash at bank 4 11,406
153,280 39,063
CREDITORS
Amounts falling due within one year 6 113,109 33,793
NET CURRENT ASSETS 40,171 5,270
TOTAL ASSETS LESS CURRENT LIABILITIES 42,903 10,376

CREDITORS
Amounts falling due after more than one year 7 (40,982 ) (8,750 )

PROVISIONS FOR LIABILITIES (556 ) -
NET ASSETS 1,365 1,626

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 365 626
SHAREHOLDERS' FUNDS 1,365 1,626

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 15 August 2025 and were signed by:




Dr C Kangai - Director


Charles Kangai Associates Limited (Registered number: 02956476)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Charles Kangai Associates 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.

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 represents computer consultancy and royalties invoiced in the year. Revenue is recognised as services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Charles Kangai Associates Limited (Registered number: 02956476)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 1,274 9,874 11,148
Disposals (185 ) (4,957 ) (5,142 )
At 31 March 2024 1,089 4,917 6,006
DEPRECIATION
At 1 April 2023 1,121 4,921 6,042
Charge for year 36 1,635 1,671
Eliminated on disposal (167 ) (4,272 ) (4,439 )
At 31 March 2024 990 2,284 3,274
NET BOOK VALUE
At 31 March 2024 99 2,633 2,732
At 31 March 2023 153 4,953 5,106

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 90 19,972
Other debtors - 104
Directors' current accounts 114,093 6,994
Tax 38,743 -
VAT 350 587
153,276 27,657

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,075 3,000
Other loans 12,267 -
Trade creditors - 1,016
Tax 70,863 29,042
Prepayment and deferred income 25,054 -
Accrued expenses 850 735
113,109 33,793

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 7,316 5,750
Bank loans - 2-5 years 15,851 3,000
Other loans - 1-2 years 17,815 -
40,982 8,750

Charles Kangai Associates Limited (Registered number: 02956476)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary shares £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 April 2023 626
Profit for the year 44,141
Dividends (44,402 )
At 31 March 2024 365

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Dr C Kangai
Balance outstanding at start of year 6,994 6,994
Amounts advanced 114,611 -
Amounts repaid (6,812 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 114,793 6,994

The above loan is unsecured and repayable on demand. Interest has been charged at 2.25% .