Kanga Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03529883 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2019

for

Kanga Ltd

Trading as

Stronghold Storage

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

H Keating

SECRETARY:

H Keating

REGISTERED OFFICE:

4 Riverview

Walnut Tree Close

Guildford

Surrey

GU1 4UX

REGISTERED NUMBER:

03529883 (England and Wales)

ACCOUNTANTS:

Bristow Burrell

4 Riverview

Walnut Tree Close

Guildford

Surrey

GU1 4UX

CURRENT ASSETS

Debtors

7

31,000

31,000

CREDITORS

Amounts falling due within one year

8

6,802

6,802

NET CURRENT ASSETS

24,198

24,198

TOTAL ASSETS LESS CURRENT LIABILITIES

24,198

24,198

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

23,198

23,198

SHAREHOLDERS' FUNDS

24,198

24,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 24 March 2020 and were signed by:

H Keating - Director

1.	STATUTORY INFORMATION

Kanga Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the

Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition,

intangible assets are measured at cost less any accumulated amortisation and any

accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Over the life of the lease

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the

Income Statement, except to the extent that it relates to items recognised in other

comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws

that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated

but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments

in periods different from those in which they are recognised in financial statements.

Deferred tax is measured using tax rates and laws that have been enacted or

substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent

that it is probable that they will be recovered against the reversal of deferred tax

liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2018

and 31 July 2019

9,935

AMORTISATION

At 1 August 2018

and 31 July 2019

9,935

NET BOOK VALUE

At 31 July 2019

-

At 31 July 2018

-

6.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 August 2018

and 31 July 2019

47,590

1,250

5,850

54,690

DEPRECIATION

At 1 August 2018

and 31 July 2019

47,590

1,250

5,850

54,690

NET BOOK VALUE

At 31 July 2019

-

-

-

-

At 31 July 2018

-

-

-

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

31,000

31,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other creditors

6,802

6,802

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	RELATED PARTY DISCLOSURES

Kanga Limited is a Designated Partner of Mentmore Investment LLP. At the year end,

the company owed Mentmore Investments LLP £5,739 (2018: £5,739) by way of a loan.

The directors H Keating and D Keating are also directors of Highway Delivery Services

Limited. At the year end, the company was owed £31,000 (2018: £31,000) by Highway

Delivery Services Limited by way of a loan.