Company Registration No. 11330964 (England and Wales)
Kanda Products & Services Ltd
Unaudited accounts
for the period from 1 May 2021 to 30 September 2022
Kanda Products & Services Ltd
Unaudited accounts
Contents
Kanda Products & Services Ltd
Company Information
for the period from 1 May 2021 to 30 September 2022
Directors
Philip Daneshyar
Richard Fleeman
Robert Gallagher
Paul Soanes
Company Number
11330964 (England and Wales)
Registered Office
17 High Street
Henley-In-Arden
Warwickshire
B95 5AA
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Kanda Products & Services Ltd
Statement of financial position
as at
30 September 2022
Intangible assets
135,305
93,128
Tangible assets
1,733
468
Cash at bank and in hand
561,060
194,002
Creditors: amounts falling due within one year
(111,020)
(271,171)
Net current assets/(liabilities)
537,329
(38,512)
Total assets less current liabilities
674,367
55,084
Creditors: amounts falling due after more than one year
(31,581)
(41,667)
Provisions for liabilities
Other provisions
(2,338)
-
Net assets
614,411
13,417
Kanda Products & Services Ltd
Statement of financial position
as at
30 September 2022
(continued)
Called up share capital
13
5
Share premium
1,001,368
149,999
Profit and loss account
(386,970)
(136,587)
Shareholders' funds
614,411
13,417
For the period ending 30 September 2022 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 2 December 2022 and were signed on its behalf by
Philip Daneshyar
Director
Company Registration No. 11330964
Kanda Products & Services Ltd
Notes to the Accounts
for the period from 1 May 2021 to 30 September 2022
Kanda Products & Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 11330964. The registered office is 17 High Street, Henley-In-Arden, Warwickshire, B95 5AA.
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 period, 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% SL
4
Intangible fixed assets
Other
At 30 September 2022
185,868
Charge for the period
50,563
At 30 September 2022
50,563
At 30 September 2022
135,305
Kanda Products & Services Ltd
Notes to the Accounts
for the period from 1 May 2021 to 30 September 2022
5
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
At 30 September 2022
2,983
Charge for the period
1,020
At 30 September 2022
1,250
At 30 September 2022
1,733
Amounts falling due within one year
Deferred tax asset
-
12,422
Accrued income and prepayments
9,682
-
Other debtors
77,607
26,235
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
5,074
8,333
Trade creditors
22,402
124
Amounts owed to group undertakings and other participating interests
104,624
232,669
Taxes and social security
(79,751)
1,366
Other creditors
7,045
7,045
Loans from directors
7,386
7,141
8
Creditors: amounts falling due after more than one year
2022
2021
9
Transactions with related parties
During the period, the company received £934,431 (2021: £232,700) from Kanda Co., a company incorporated in Delaware, USA. Of this amount received, £831,378 was converted to Equity. The remaining funds received represent a loan with no fixed repayment or interest terms. The amount outstanding at the balance sheet date was £104,624 (2021: 232,669). Expenses of £211,098 (2021: £nil) were recharged to Kanda Co. Kanda Products & Services Ltd is a wholly owned subsidiary of Kanda Co. by virtue of the 100% shareholding.
Kanda Products & Services Ltd
Notes to the Accounts
for the period from 1 May 2021 to 30 September 2022
10
Average number of employees
During the period the average number of employees was 6 (2021: 3).