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REGISTERED NUMBER: 08832842 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

BUTTERFLIES CANNOCK LIMITED

BUTTERFLIES CANNOCK LIMITED (REGISTERED NUMBER: 08832842)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BUTTERFLIES CANNOCK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Miss C A Bird





REGISTERED OFFICE: 61 Union Street
Bridgtown
Cannock
Staffordshire
WS11 0BS





REGISTERED NUMBER: 08832842 (England and Wales)





ACCOUNTANT: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horsefair
Rugeley
Staffordshire
WS15 2EL

BUTTERFLIES CANNOCK LIMITED (REGISTERED NUMBER: 08832842)

BALANCE SHEET
31 JANUARY 2023

31.1.22 31.1.23
£    £    Notes £    £   
FIXED ASSETS
1,334 Tangible assets 4 1,117

CURRENT ASSETS
158,487 Debtors 5 228,269
93,210 Cash at bank and in hand 81,702
251,697 309,971
CREDITORS
106,426 Amounts falling due within one year 6 74,107
145,271 NET CURRENT ASSETS 235,864
146,605 TOTAL ASSETS LESS CURRENT
LIABILITIES

236,981

CAPITAL AND RESERVES
102 Called up share capital 102
146,503 Retained earnings 236,879
146,605 SHAREHOLDERS' FUNDS 236,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2023 and were signed by:





Miss C A Bird - Director


BUTTERFLIES CANNOCK LIMITED (REGISTERED NUMBER: 08832842)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Butterflies Cannock Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 25 ) .

BUTTERFLIES CANNOCK LIMITED (REGISTERED NUMBER: 08832842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2022
and 31 January 2023 1,445
DEPRECIATION
At 1 February 2022 111
Charge for year 217
At 31 January 2023 328
NET BOOK VALUE
At 31 January 2023 1,117
At 31 January 2022 1,334

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 37,424 43,855
Other debtors 189,850 111,850
Prepayments 995 2,782
228,269 158,487

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other loans 35,562 45,173
Trade creditors - 928
Tax 22,423 12,683
Paye 1,346 1,508
Directors' current accounts 7,387 19,604
Deferred income 3,265 3,709
Accrued expenses 4,124 22,821
74,107 106,426