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REGISTERED NUMBER: 09646668 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Candour Accounts Limited

Candour Accounts Limited (Registered number: 09646668)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Candour Accounts Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: J B Chappelle





SECRETARY: J Delaney





REGISTERED OFFICE: Endeavour House
7 Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR





REGISTERED NUMBER: 09646668 (England and Wales)





ACCOUNTANTS: INSIGHT
Acorn House
Church Lane
Croft
Skegness
Lincolnshire
PE24 4RW

Candour Accounts Limited (Registered number: 09646668)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 66,411 71,136
Tangible assets 5 5,600 5,139
72,011 76,275

CURRENT ASSETS
Stocks 31,500 32,900
Debtors 6 62,655 50,070
Cash at bank and in hand 7,232 503
101,387 83,473
CREDITORS
Amounts falling due within one year 7 50,355 52,443
NET CURRENT ASSETS 51,032 31,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,043

107,305

CREDITORS
Amounts falling due after more than one
year

8

(52,534

)

(56,453

)

PROVISIONS FOR LIABILITIES (1,064 ) (976 )
NET ASSETS 69,445 49,876

CAPITAL AND RESERVES
Called up share capital 106 102
Retained earnings 69,339 49,774
SHAREHOLDERS' FUNDS 69,445 49,876

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

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

Candour Accounts Limited (Registered number: 09646668)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 December 2023 and were signed by:





J B Chappelle - Director


Candour Accounts Limited (Registered number: 09646668)

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

1. STATUTORY INFORMATION

Candour Accounts 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.

Goodwill
Goodwill, is the amount the company paid in connection with the acquisition of various businesses in 2016, and is now being amortised over 20 years.The amount payable has only been belatedly agreed in 2018.Goodwill is only purchased goodwill, no internal goodwill is carried although some will be getting generated as the company becomes established.

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

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

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.

Candour Accounts Limited (Registered number: 09646668)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 94,500
AMORTISATION
At 1 October 2022 23,364
Charge for year 4,725
At 30 September 2023 28,089
NET BOOK VALUE
At 30 September 2023 66,411
At 30 September 2022 71,136

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 17,982
Additions 359
At 30 September 2023 18,341
DEPRECIATION
At 1 October 2022 12,843
Charge for year (102 )
At 30 September 2023 12,741
NET BOOK VALUE
At 30 September 2023 5,600
At 30 September 2022 5,139

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 60,782 49,672
Other debtors 1,873 398
62,655 50,070

Candour Accounts Limited (Registered number: 09646668)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 6,000 17,326
Trade creditors 4,203 3,476
Taxation and social security 33,777 30,437
Other creditors 6,375 1,204
50,355 52,443

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 19,978 23,000
Other creditors 32,556 33,453
52,534 56,453

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank overdraft - 640
Bank loans 25,978 39,686
25,978 40,326

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Candour Accounts Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Candour Accounts Limited for the year ended 30 September 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Candour Accounts Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Candour Accounts Limited and state those matters that we have agreed to state to the director of Candour Accounts Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Candour Accounts Limited and its director for our work or for this report.

It is your duty to ensure that Candour Accounts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Candour Accounts Limited. You consider that Candour Accounts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Candour Accounts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






INSIGHT
Acorn House
Church Lane
Croft
Skegness
Lincolnshire
PE24 4RW


1 December 2023