Company Registration No. 11330964 (England and Wales)
Kanda Products & Services Ltd
Unaudited accounts
for the year ended 30 April 2021
Kanda Products & Services Ltd
Unaudited accounts
Contents
Kanda Products & Services Ltd
Company Information
for the year ended 30 April 2021
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 April 2021
Intangible assets
93,128
18,300
Cash at bank and in hand
194,002
83,595
Creditors: amounts falling due within one year
(271,171)
(8,195)
Net current (liabilities)/assets
(38,512)
88,632
Total assets less current liabilities
55,084
106,932
Creditors: amounts falling due after more than one year
(41,667)
-
Net assets
13,417
106,932
Called up share capital
5
5
Share premium
149,999
149,999
Profit and loss account
(136,587)
(43,072)
Shareholders' funds
13,417
106,932
For the year ending 30 April 2021 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 January 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 year ended 30 April 2021
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 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.
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
Total
Kanda Products & Services Ltd
Notes to the Accounts
for the year ended 30 April 2021
5
Tangible fixed assets
Total
6
Deferred taxation
2021
2020
Tax losses carried forward
(12,422)
(6,895)
Provision at start of year
(6,895)
-
Credited to the profit and loss account
(5,527)
(6,895)
Provision at end of year
(12,422)
(6,895)
7
Transactions with related parties
During the year, the company received £232,700 (2020: nil) from Kanda Co., a company incorporated in Delaware, USA. The funds received represent a loan with no fixed repayment or interest terms. The amount outstanding at the balance sheet date was £232,700 (2020: nil). Kanda Co. is under common control, sharing officers and shareholders with Kanda Products & Services Ltd.
8
Average number of employees
During the year the average number of employees was 3 (2020: 3).