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REGISTERED NUMBER: 09553838 (England and Wales)















Nick Cann Pest Control Limited

Unaudited Financial Statements for the Year Ended 30 June 2023






Nick Cann Pest Control Limited (Registered number: 09553838)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nick Cann Pest Control Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: N P Cann
B A Cann
R Chart
R Baker





REGISTERED OFFICE: 1a Parliament Square
Parliament Street
Crediton
Devon
EX17 2AW





REGISTERED NUMBER: 09553838 (England and Wales)





ACCOUNTANTS: Haines Watts Accountants (Exeter) Limited
3 Southernhay West
Exeter
Devon
EX1 1JG

Nick Cann Pest Control Limited (Registered number: 09553838)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 45,690 33,019
45,690 33,019

CURRENT ASSETS
Stocks 4,854 1,812
Debtors 7 26,782 23,523
Cash at bank 162,708 155,962
194,344 181,297
CREDITORS
Amounts falling due within one year 8 (116,891 ) (116,638 )
NET CURRENT ASSETS 77,453 64,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,143

97,678

CREDITORS
Amounts falling due after more than one
year

9

(2,851

)

(5,702

)

PROVISIONS FOR LIABILITIES (11,423 ) (6,274 )
NET ASSETS 108,869 85,702

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 108,769 85,602
SHAREHOLDERS' FUNDS 108,869 85,702

Nick Cann Pest Control Limited (Registered number: 09553838)

Balance Sheet - continued
30 June 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:




N P Cann - Director



B A Cann - Director


Nick Cann Pest Control Limited (Registered number: 09553838)

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


1. STATUTORY INFORMATION

Nick Cann Pest Control 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.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Turnover
Turnover represents amounts chargeable in respect of the sale of services to customers falling within the company's ordinary activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% straight line
Motor vehicles - 15% straight line
Computer equipment - 15% straight line

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 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.

Nick Cann Pest Control Limited (Registered number: 09553838)

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


3. 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 20,000
AMORTISATION
At 1 July 2022
and 30 June 2023 20,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

Nick Cann Pest Control Limited (Registered number: 09553838)

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


6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 5,078 50,279 6,424 61,781
Additions 125 25,597 257 25,979
Disposals - (15,520 ) - (15,520 )
At 30 June 2023 5,203 60,356 6,681 72,240
DEPRECIATION
At 1 July 2022 2,671 21,830 4,261 28,762
Charge for year 568 6,458 657 7,683
Eliminated on disposal - (9,895 ) - (9,895 )
At 30 June 2023 3,239 18,393 4,918 26,550
NET BOOK VALUE
At 30 June 2023 1,964 41,963 1,763 45,690
At 30 June 2022 2,407 28,449 2,163 33,019

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 34,519
Transfer to ownership (16,789 )
At 30 June 2023 17,730
DEPRECIATION
At 1 July 2022 11,695
Charge for year 5,178
Transfer to ownership (11,331 )
At 30 June 2023 5,542
NET BOOK VALUE
At 30 June 2023 12,188
At 30 June 2022 22,824

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors
and accrued income 24,376 20,928
Prepayments 2,406 2,595
26,782 23,523

Nick Cann Pest Control Limited (Registered number: 09553838)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,851 4,381
Trade creditors 2,532 744
Tax 17,492 16,188
Social security and other taxes 1,598 499
VAT 5,328 9,269
Other creditors 185 162
Directors' current accounts 66,917 68,705
Accruals and deferred income 16,433 13,896
Accrued expenses 3,555 2,794
116,891 116,638

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 2,851 5,702

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 5,702 10,083

Hire purchase liabilities are secured over the asset to which the liability relates.