REGISTERED NUMBER: 06688509 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Kaniselvan & Co Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

41,246

52,574

CURRENT ASSETS

Debtors

5

71,358

152,994

Cash at bank

117,872

79,608

189,230

232,602

CREDITORS

Amounts falling due within one year

6

(19,028

)

39,970

NET CURRENT ASSETS

208,258

192,632

TOTAL ASSETS LESS CURRENT LIABILITIES

249,504

245,206

CREDITORS

Amounts falling due after more than one year

7

(5,500

)

(11,500

)

PROVISIONS FOR LIABILITIES

9

(7,837

)

(9,989

)

NET ASSETS

236,167

223,717

CAPITAL AND RESERVES

Called up share capital

10

140

140

Retained earnings

236,027

223,577

SHAREHOLDERS' FUNDS

236,167

223,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2025 and were signed on its behalf by:

Dr P Tamilselvan - Director

1.	STATUTORY INFORMATION

Kaniselvan & Co Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06688509

Registered office:

C/o Echo Tax, SPACES Manchester

Peter House

Oxford Street

Manchester

M1 5AN

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.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Taxation

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

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

8,684

96,390

105,074

DEPRECIATION

At 1 April 2024

1,895

50,605

52,500

Charge for year

2,171

9,157

11,328

At 31 March 2025

4,066

59,762

63,828

NET BOOK VALUE

At 31 March 2025

4,618

36,628

41,246

At 31 March 2024

6,789

45,785

52,574

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

5,468

38,606

Loans

45,000

-

Directors' current accounts

16,202

114,388

Prepayments and accrued income

4,688

-

71,358

152,994

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 8)

6,000

6,000

Tax

(26,422

)

32,657

Social security and other taxes

272

251

Accrued expenses

1,122

1,062

(19,028

)

39,970

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 8)

5,500

11,500

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

6,000

6,000

31.3.25

31.3.24

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

5,500

11,500

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

7,837

9,989

Deferred

tax

£

Balance at 1 April 2024

9,989

Utilised during year

(2,152

)

Balance at 31 March 2025

7,837

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary A

£1

100

100

40

Ordinary B

£1

40

40

140

140

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Dr P Tamilselvan and Dr K Tamilselvan

Balance outstanding at start of year

114,388

136,264

Amounts advanced

39,131

73,442

Amounts repaid

(137,317

)

(95,318

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,202

114,388

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Dr P Tamilselvan.