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REGISTERED NUMBER: 08717826 (England and Wales)















Cane & Grain Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2023






Cane & Grain Ltd (Registered number: 08717826)






Contents of the Financial Statements
for the year ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cane & Grain Ltd

Company Information
for the year ended 31 January 2023







DIRECTORS: JW Ferguson
LB Higginson
R Mackenzie
P Robinson





REGISTERED OFFICE: The Landmark
21 Back Turner Street
Manchester
M4 1FR





REGISTERED NUMBER: 08717826 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Cane & Grain Ltd (Registered number: 08717826)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 75,505 91,908
75,505 91,908

CURRENT ASSETS
Stocks 33,116 28,326
Debtors 6 285,321 624,889
Cash at bank and in hand 71,043 104,607
389,480 757,822
CREDITORS
Amounts falling due within one year 7 264,906 533,311
NET CURRENT ASSETS 124,574 224,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,079

316,419

PROVISIONS FOR LIABILITIES 10,839 12,835
NET ASSETS 189,240 303,584

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 189,239 303,583
189,240 303,584

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 directors acknowledge their 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.

Cane & Grain Ltd (Registered number: 08717826)

Balance Sheet - continued
31 January 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





P Robinson - Director


Cane & Grain Ltd (Registered number: 08717826)

Notes to the Financial Statements
for the year ended 31 January 2023

1. STATUTORY INFORMATION

Cane & Grain 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 (£) and the amounts in the financial statements have been rounded to the nearest £1.

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.

At the time of signing these accounts the directors are of the opinion that the company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on a going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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 term of the lease
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.


Cane & Grain Ltd (Registered number: 08717826)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 98,393
AMORTISATION
At 1 February 2022
and 31 January 2023 98,393
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

Cane & Grain Ltd (Registered number: 08717826)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 February 2022 483,687 205,998 58,506 748,191
Additions - 3,546 - 3,546
At 31 January 2023 483,687 209,544 58,506 751,737
DEPRECIATION
At 1 February 2022 463,695 147,570 45,018 656,283
Charge for year 4,729 12,526 2,694 19,949
At 31 January 2023 468,424 160,096 47,712 676,232
NET BOOK VALUE
At 31 January 2023 15,263 49,448 10,794 75,505
At 31 January 2022 19,992 58,428 13,488 91,908

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 272,211 608,391
Other debtors 9,609 246
Prepayments and accrued income 3,501 16,252
285,321 624,889

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 79,435 40,130
Amounts owed to group undertakings - 28,702
Taxation and social security 103,594 190,886
Other creditors 81,877 273,593
264,906 533,311

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 46,175 46,175
Between one and five years 184,700 138,525
In more than five years 100,046 201,974
330,921 386,674

Cane & Grain Ltd (Registered number: 08717826)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

9. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by the parent company The Liars Club (Holdings) Ltd, which has held 100% of the share capital since incorporation.

The Liars Club (Holdings) Ltd is exempt from the requirement to produce group accounts.

There is a cross guarantee between The Liars Club (Holdings) Ltd, Cane & Grain Ltd and the other group companies in favour of the groups bankers.