Company Registration No. 14255053 (England and Wales)
KAAN Solutions Ltd
Unaudited accounts
for the year ended 31 March 2025
KAAN Solutions Ltd
Unaudited accounts
Contents
KAAN Solutions Ltd
Company Information
for the year ended 31 March 2025
Directors
J Garrett FCA
R Musker FCA
Company Number
14255053 (England and Wales)
Registered Office
Earl of Derby Complex
North Mersey Business Centre
Woodward Road
Liverpool
L33 7UY
United Kingdom
Accountants
FAO Accountancy Services Ltd
101 Melrose Drive
Wigan
WN3 6EG
KAAN Solutions Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
21,337
86,116
Creditors: amounts falling due within one year
(77,188)
(201,099)
Net current assets
649,677
663,353
Total assets less current liabilities
649,677
663,353
Creditors: amounts falling due after more than one year
(350,000)
(650,000)
Called up share capital
300,100
100
Profit and loss account
(423)
13,253
Shareholders' funds
299,677
13,353
For the year ending 31 March 2025 the company was 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2025 and were signed on its behalf by
J Garrett FCA
Director
Company Registration No. 14255053
KAAN Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2025
KAAN Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 14255053. The registered office is Earl of Derby Complex, North Mersey Business Centre, Woodward Road, Liverpool, L33 7UY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added
tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. Turnover also represents interest and fees receivable from financial lending contracts. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account in the period to which they relate.
KAAN Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
686,500
710,000
Other debtors
19,028
68,336
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
5,631
21,589
Other creditors
71,107
179,510
6
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
350,000
650,000
7
Average number of employees
During the year the average number of employees was 4 (2024: 3).