Company Registration No. 04773190 (England and Wales)
Kanon Liquid Handling Ltd
Filleted accounts
for the year ended 31 August 2021
Kanon Liquid Handling Ltd
Filleted accounts
Contents
Kanon Liquid Handling Ltd
Company Information
for the year ended 31 August 2021
Directors
Dirk Andre Alois Kanon
Kathryn Ann Clarke
Paul Andrew Smith
Secretary
Kathryn Ann Clarke
Company Number
04773190 (England and Wales)
Registered Office
Suite 4, Brookside House Business
Centre Spring Road
Ibstock
Leicestershire
LE67 6LR
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Kanon Liquid Handling Ltd
Statement of financial position
as at 31 August 2021
Tangible assets
1,673
1,509
Cash at bank and in hand
19,529
44,857
Creditors: amounts falling due within one year
(126,346)
(70,527)
Net current assets
65,281
85,165
Total assets less current liabilities
66,954
86,674
Provisions for liabilities
Called up share capital
900
900
Profit and loss account
66,054
85,721
Shareholders' funds
66,954
86,621
For the year ending 31 August 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.
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 11 November 2021 and were signed on its behalf by
Kathryn Ann Clarke
Director
Company Registration No. 04773190
Kanon Liquid Handling Ltd
Notes to the Accounts
for the year ended 31 August 2021
Kanon Liquid Handling Ltd is a private company, limited by shares, registered in England and Wales, registration number 04773190. The registered office is Suite 4, Brookside House Business, Centre Spring Road, Ibstock, Leicestershire, LE67 6LR.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
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:
Fixtures & fittings
50% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Kanon Liquid Handling Ltd
Notes to the Accounts
for the year ended 31 August 2021
4
Tangible fixed assets
Fixtures & fittings
At 1 September 2020
24,545
At 1 September 2020
23,036
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
85,783
32,346
Amounts due from group undertakings etc.
75,960
70,579
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
40,751
35,260
Amounts owed to group undertakings and other participating interests
61,493
20,668
Taxes and social security
10,002
7,928
Allotted, called up and fully paid:
900 Ordinary shares of £1 each
900
900
8
Transactions with related parties
During the year, the company invoiced Kanon Loading Equipment BV £78,845 (2020 - £129,773), for sales commission, a company which has a controlling interest in Kanon Liquid Handling Limited.
As at 31 August 2021, the following balances were outstanding to and from Kanon Liquid Handling Limited.
Due from Kanon Loading Equipment BV - £75,960 (2020 - £70,579)
Due to Kanon Loading Equipment BV - £61,493 (2020 - £20,668)
Kanon Liquid Handling Ltd
Notes to the Accounts
for the year ended 31 August 2021
9
Average number of employees
During the year the average number of employees was 3 (2020: 3).
