Kan Engineering Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11655674

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		677,176		368,827
Tangible Assets	5		139,382		25,321

			816,558		394,148
CURRENT ASSETS
Debtors	6	481,329		354,331
Cash at bank and in hand		166,955		1,929,533

		648,284		2,283,864
Creditors: Amounts Falling Due Within One Year	7	(699,889 )		(2,276,603 )

NET CURRENT ASSETS (LIABILITIES)			(51,605 )		7,261

TOTAL ASSETS LESS CURRENT LIABILITIES			764,953		401,409

Creditors: Amounts Falling Due After More Than One Year	8		-		(3,709 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(204,139 )		-

NET ASSETS			560,814		397,700

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			560,812		397,698

SHAREHOLDERS' FUNDS			560,814		397,700

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Kan Engineering Ltd

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

A Soltani

Director

26/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Kan Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11655674 . The registered office is 71-75 Shelton Street, London, Greater London, WC2H 9JQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. Turnover

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Rendering of services

Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

Amortisation of capitalised development costs when the development is complete and commercial sales at scale are underway. As product development is still ongoing and sales have not yet reached full commercial scale, amortisation of development costs had not started at the balance sheet date. Once amortisation starts, capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives, which range from 5 to 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	Straight Line - 5 Years
Computer Equipment	Straight Line - 3 Years

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Kan Engineering Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 8)

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 December 2024	368,827
Additions	308,349

As at 30 November 2025	677,176

Net Book Value
As at 30 November 2025	677,176

As at 1 December 2024	368,827

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 December 2024	4,621	36,824	41,445
Additions	121,450	2,517	123,967

As at 30 November 2025	126,071	39,341	165,412

Depreciation
As at 1 December 2024	2,176	13,948	16,124
Provided during the period	924	8,982	9,906

As at 30 November 2025	3,100	22,930	26,030

Net Book Value
As at 30 November 2025	122,971	16,411	139,382

As at 1 December 2024	2,445	22,876	25,321

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Kan Engineering Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	135,092
Prepayments and accrued income	2,354	-
Employee Loan	3,932	6,000
S455 Tax	-	53,808
Grants Receivable	145,606	-
Director's loan account	329,437	159,431

	481,329	354,331

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	279,569	574,048
Bank loans and overdrafts	3,709	8,030
Corporation tax	(69,183 )	88,985
Other taxes and social security	68,638	15,033
VAT	9,422	51,107
Credit Card	2,653	605
Pension Liability	1,803	1,045
Accruals and deferred income	403,278	1,537,750

	699,889	2,276,603

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	3,709

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

Share capital is £1.058824, rounded up to £2

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 December 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 November 2025
	£	£	£	£	£
Dr Amirmasoud Soltani	159,431	170,006	-	-	329,437

The above loan is unsecured, interest free and repayable on demand.

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