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REGISTERED NUMBER: 01992057 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Cannon-Clarke Limited

Cannon-Clarke Limited (Registered number: 01992057)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cannon-Clarke Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: D Clarke





REGISTERED OFFICE: 21 Brassmill Enterprise Centre
Bath
Avon
BA1 3JN





REGISTERED NUMBER: 01992057 (England and Wales)





ACCOUNTANTS: Moore
Chartered Accountants
30 Gay Street
Bath
BA1 2PA

Cannon-Clarke Limited (Registered number: 01992057)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,998 26,354
Investments 5 5,000 5,000
26,998 31,354

CURRENT ASSETS
Stocks 18,626 28,816
Debtors 6 225,876 230,983
Cash at bank and in hand 373,994 493,051
618,496 752,850
CREDITORS
Amounts falling due within one year 7 240,666 280,916
NET CURRENT ASSETS 377,830 471,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,828

503,288

CREDITORS
Amounts falling due after more than
one year

8

132,144

193,584
NET ASSETS 272,684 309,704

Cannon-Clarke Limited (Registered number: 01992057)

Balance Sheet - continued
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 9,100 9,100
Retained earnings 263,584 300,604
SHAREHOLDERS' FUNDS 272,684 309,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2023 and were signed by:





D Clarke - Director


Cannon-Clarke Limited (Registered number: 01992057)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Cannon-Clarke 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


Cannon-Clarke Limited (Registered number: 01992057)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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 21 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 32,006 3,032 38,498 33,254 106,790
Additions - 1,800 - 1,177 2,977
At 30 April 2023 32,006 4,832 38,498 34,431 109,767
DEPRECIATION
At 1 May 2022 31,434 3,032 18,196 27,774 80,436
Charge for year 143 450 5,076 1,664 7,333
At 30 April 2023 31,577 3,482 23,272 29,438 87,769
NET BOOK VALUE
At 30 April 2023 429 1,350 15,226 4,993 21,998
At 30 April 2022 572 - 20,302 5,480 26,354

Cannon-Clarke Limited (Registered number: 01992057)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 May 2022
and 30 April 2023 5,000
NET BOOK VALUE
At 30 April 2023 5,000
At 30 April 2022 5,000

As at the balance sheet date, the asset has been valued at its historical cost. The investment represents community shares in Bath City Football Club.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 220,391 228,555
Other debtors 5,485 2,428
225,876 230,983

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 68,576 68,576
Trade creditors 101,742 116,936
Tax 8,520 35,105
Social security and other taxes 12,674 17,201
VAT 32,728 23,672
Other creditors 16,388 18,956
Directors' current accounts 38 470
240,666 280,916

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans - 1-2 years 68,576 68,576
Bank loans - 2-5 years 63,568 125,008
132,144 193,584

Cannon-Clarke Limited (Registered number: 01992057)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
9,100 Ordinary 1 9,100 9,100

10. TRANSACTIONS WITH DIRECTORS

Included in creditors is £38 (2022: £470 ) owed to D Clarke, a director of the company. This balance is unsecured and no interest is being charged on the outstanding amount.