KANG & MAND LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 2879672

KANG & MAND LIMITED

Filleted Unaudited Financial Statements

31 December 2024

KANG & MAND LIMITED

Financial Statements

Year ended 31 December 2024

Contents	Pages

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 9

KANG & MAND LIMITED

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of KANG & MAND LIMITED

Year ended 31 December 2024

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

VAGHELA & CO. (SERVICES) LTD. Chartered Certified Accountants

P.O. Box 10901 Birmingham B1 1ZQ

24 December 2025

KANG & MAND LIMITED

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Intangible assets	5	1	1
Tangible assets	6	847,823	850,114
Investments	7	1,622	1,622
		--------	--------
		849,446	851,737

Current assets

Debtors	8	57,043	39,043
Cash at bank and in hand		24,561	68,627
		-------	--------
		81,604	107,670

Creditors: amounts falling due within one year	9	75,920		55,383
		-------		--------
Net current assets			5,684	52,287
			--------	--------
Total assets less current liabilities			855,130	904,024

Creditors: amounts falling due after more than one year	10		152,071	226,804

Provisions

Taxation including deferred tax	11	58,248	58,248
		--------	--------
Net assets		644,811	618,972
		--------	--------

Capital and reserves

Called up share capital	13	20,000	20,000
Profit and loss account		624,811	598,972
		--------	--------
Shareholders funds		644,811	618,972
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

KANG & MAND LIMITED

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 24 December 2025 , and are signed on behalf of the board by:

Mr. B. Singh

Director

Company registration number: 2879672

KANG & MAND LIMITED

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Fawdry Street, Cape Hill, Smethwick, Warley, B66 2SD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:(b) No cash flow statement has been presented for the company.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and Fittings	-	10% straight line
Motor Vehicles	-	25% straight line
Equipment	-	25 % straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tax on profit

Major components of tax expense

	2024	2023
	£	£

Current tax:

UK current tax expense	6,197	5,770
	------	------
Tax on profit	6,197	5,770
	------	------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2023: higher than) the standard rate of corporation tax in the UK of 19.34 % (2023: 19.93 %).

	2024	2023
	£	£
Profit on ordinary activities before taxation	32,036	28,943
	-------	-------
Profit on ordinary activities by rate of tax	6,196	5,768
Effect of capital allowances and depreciation	1	2
	-------	-------
Tax on profit	6,197	5,770
	-------	-------

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	30,339
	-------
Amortisation
At 1 January 2024 and 31 December 2024	30,338
	-------
Carrying amount
At 31 December 2024	1
	-------
At 31 December 2023	1
	-------

6. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024 and 31 December 2024	847,815	228,966	55,451	8,643	1,140,875
	--------	--------	-------	------	----------
Depreciation
At 1 January 2024	–	226,674	55,445	8,642	290,761
Charge for the year	–	2,291	–	–	2,291
	--------	--------	-------	------	----------
At 31 December 2024	–	228,965	55,445	8,642	293,052
	--------	--------	-------	------	----------
Carrying amount
At 31 December 2024	847,815	1	6	1	847,823
	--------	--------	-------	------	----------
At 31 December 2023	847,815	2,292	6	1	850,114
	--------	--------	-------	------	----------

Included in land and buildings is freehold land valued at £50,000 (2022 - £50,000) which is not depreciated. At 31 December 2023, included within the net book value of land and buildings,£797,815 relates to freehold buildings and £50,000 relates to freehold land.

7. Investments

	Other investments other than loans
	£
Cost
At 1 January 2024 and 31 December 2024	1,622
	------
Impairment
At 1 January 2024 and 31 December 2024	–
	------

Carrying amount
At 31 December 2024	1,622
	------
At 31 December 2023	1,622
	------

This consists of 367 shares of £1 each in Aviva Plc and their market value was £4.42 each on 31 December 2022.

8. Debtors

	2024	2023
	£	£
Trade debtors	18,000	–
Other debtors	39,043	39,043
	-------	-------
	57,043	39,043
	-------	-------

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	2,292	2,291
Corporation tax	11,996	14,926
Social security and other taxes	14,800	8,800
Other creditors - loans	30,227	30,227
Other creditors	16,605	( 861)
	-------	-------
	75,920	55,383
	-------	-------

10. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	152,071	226,804
	--------	--------

11. Provisions

	Deferred tax (note 12)
	£
At 1 January 2024 and 31 December 2024	58,248
	-------

12. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions (note 11)	58,248	58,248
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Revaluation of tangible assets	58,248	58,248
	-------	-------

13. Called up share capital

Authorised share capital

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	20,000	20,000	20,000	20,000
	-------	-------	-------	-------

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	20,000	20,000	20,000	20,000
	-------	-------	-------	-------

14. Directors' advances, credits and guarantees

At 31st December 2024, other creditors include the following amounts due to/from the directors:- Mr A. Singh £22,645dr (2023 - £22,645dr) Mr B. Singh £1,861dr (2023 - £1,861dr) The loans are interest-free but repayable on demand.

15. Related party transactions

HQ Foods (Birmingham) Ltd, an associated company occupies freehold premises owned by HQ Foods Ltd. It has been agreed that a rental charge will be made, the amount will be reviewed on a ongoing basis. No Dividends have been paid to directors Mr A. Singh and Mr B. Singh, for the period under review.