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REGISTERED NUMBER: 08303847 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2023

for

Cantell & Co Limited

Cantell & Co Limited (Registered number: 08303847)

Contents of the Financial Statements
For The Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cantell & Co Limited

Company Information
For The Year Ended 31 March 2023







DIRECTORS: D B Cantell
Mrs A. V. Cantell





REGISTERED OFFICE: 11 Worple Way
Richmond
Surrey
TW10 6DG





REGISTERED NUMBER: 08303847 (England and Wales)





ACCOUNTANTS: Ashwells Associates Limited
Chartered Certified Accountants
54a Church Road
Ashford
Middlesex
TW15 2TS

Cantell & Co Limited (Registered number: 08303847)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,373 10,904

CURRENT ASSETS
Debtors 5 200,103 213,460
Cash at bank and in hand 410,662 509,535
610,765 722,995
CREDITORS
Amounts falling due within one year 6 217,406 340,078
NET CURRENT ASSETS 393,359 382,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,732

393,821

CREDITORS
Amounts falling due after more than one
year

7

(22,435

)

(32,298

)

PROVISIONS FOR LIABILITIES 9 (1,644 ) (1,304 )
NET ASSETS 379,653 360,219

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 379,553 360,119
379,653 360,219

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Cantell & Co Limited (Registered number: 08303847)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 14 December 2023 and were signed on its behalf by:




D B Cantell - Director



Mrs A. V. Cantell - Director


Cantell & Co Limited (Registered number: 08303847)

Notes to the Financial Statements
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

Cantell & Co 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
Revenue 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 - 33% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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 7 (2022 - 8 ) .

Cantell & Co Limited (Registered number: 08303847)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023


4. TANGIBLE ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 9,738 7,709 4,300 1,648 23,395
Additions - 279 - 3,213 3,492
At 31 March 2023 9,738 7,988 4,300 4,861 26,887
DEPRECIATION
At 1 April 2022 8,733 2,164 538 1,056 12,491
Charge for year 332 1,830 941 920 4,023
At 31 March 2023 9,065 3,994 1,479 1,976 16,514
NET BOOK VALUE
At 31 March 2023 673 3,994 2,821 2,885 10,373
At 31 March 2022 1,005 5,545 3,762 592 10,904

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 3,887 18,369
Amounts owed by group undertakings 155,091 155,091
Other debtors 41,125 40,000
200,103 213,460

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts (see note 8) 9,952 10,000
Trade creditors 653 3,569
Taxation and social security 43,448 81,361
Other creditors 163,353 245,148
217,406 340,078

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans (see note 8) 22,435 32,298

Cantell & Co Limited (Registered number: 08303847)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023


8. LOANS

An analysis of the maturity of loans is given below:

31/3/23 31/3/22
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,952 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 22,435 32,298

9. PROVISIONS FOR LIABILITIES
31/3/23 31/3/22
£    £   
Deferred tax
Accelerated capital allowances 1,644 1,304

Deferred
tax
£   
Balance at 1 April 2022 1,304
Provided during year 340
Balance at 31 March 2023 1,644

10. RELATED PARTY DISCLOSURES

Included within the 'Debtors' is an amount of £155,091 (2022 - £155,091) owed from a group company, Cantell Partnership Ltd.