IRIS Accounts Production v23.1.0.753 06620772 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure066207722022-08-31066207722023-08-31066207722022-09-012023-08-31066207722021-08-31066207722021-09-012022-08-31066207722022-08-3106620772ns15:EnglandWales2022-09-012023-08-3106620772ns14:PoundSterling2022-09-012023-08-3106620772ns10:Director12022-09-012023-08-3106620772ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3106620772ns10:SmallEntities2022-09-012023-08-3106620772ns10:AuditExemptWithAccountantsReport2022-09-012023-08-3106620772ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3106620772ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3106620772ns10:FullAccounts2022-09-012023-08-310662077212022-09-012023-08-3106620772ns10:Director22022-09-012023-08-3106620772ns10:CompanySecretary12022-09-012023-08-3106620772ns10:RegisteredOffice2022-09-012023-08-3106620772ns5:CurrentFinancialInstruments2023-08-3106620772ns5:CurrentFinancialInstruments2022-08-3106620772ns5:Non-currentFinancialInstruments2023-08-3106620772ns5:Non-currentFinancialInstruments2022-08-3106620772ns5:ShareCapital2023-08-3106620772ns5:ShareCapital2022-08-3106620772ns5:RetainedEarningsAccumulatedLosses2023-08-3106620772ns5:RetainedEarningsAccumulatedLosses2022-08-3106620772ns5:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3106620772ns5:PlantMachinery2022-09-012023-08-3106620772ns5:MotorVehicles2022-09-012023-08-3106620772ns5:ComputerEquipment2022-09-012023-08-3106620772ns5:NetGoodwill2022-08-3106620772ns5:NetGoodwill2023-08-3106620772ns5:NetGoodwill2022-08-3106620772ns5:PlantMachinery2022-08-3106620772ns5:MotorVehicles2022-08-3106620772ns5:ComputerEquipment2022-08-3106620772ns5:PlantMachinery2023-08-3106620772ns5:MotorVehicles2023-08-3106620772ns5:ComputerEquipment2023-08-3106620772ns5:PlantMachinery2022-08-3106620772ns5:MotorVehicles2022-08-3106620772ns5:ComputerEquipment2022-08-3106620772ns5:CurrentFinancialInstruments2022-09-012023-08-3106620772ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-08-3106620772ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-08-3106620772ns5:DeferredTaxation2022-08-3106620772ns5:DeferredTaxation2022-09-012023-08-3106620772ns5:DeferredTaxation2023-08-31
REGISTERED NUMBER: 06620772 (England and Wales)















CANS R US LIMITED

Unaudited Financial Statements For The Year Ended 31 August 2023






CANS R US LIMITED (REGISTERED NUMBER: 06620772)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

CANS R US LIMITED

Company Information
For The Year Ended 31 August 2023







DIRECTORS: K Bewick
Mrs L M C Bewick





SECRETARY:





REGISTERED OFFICE: 19 Coppice Place
Forest Gate
Newcastle
Tyne and Wear
NE12 9DA





REGISTERED NUMBER: 06620772 (England and Wales)





ACCOUNTANTS: Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD

CANS R US LIMITED (REGISTERED NUMBER: 06620772)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 66,209 22,005
66,209 22,005

CURRENT ASSETS
Stocks 10,902 10,233
Debtors 6 688 331
Cash at bank and in hand 21,533 18,250
33,123 28,814
CREDITORS
Amounts falling due within one year 7 18,977 24,180
NET CURRENT ASSETS 14,146 4,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,355

26,639

CREDITORS
Amounts falling due after more than one
year

8

(25,315

)

-

PROVISIONS FOR LIABILITIES 11 (12,580 ) (4,181 )
NET ASSETS 42,460 22,458

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 42,458 22,456
SHAREHOLDERS' FUNDS 42,460 22,458

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

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

CANS R US LIMITED (REGISTERED NUMBER: 06620772)

Balance Sheet - continued
31 August 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 31 October 2023 and were signed on its behalf by:





K Bewick - Director


CANS R US LIMITED (REGISTERED NUMBER: 06620772)

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

1. STATUTORY INFORMATION

Cans R Us 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.

Significant judgements
There were no judgements made that were significant enough to warrant disclosure.

Turnover
Turnover is stated net of value added tax (using the flat rate) and represents the total receivable by the company. The revenue is recognised on receipt of payment.

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.
Plant and machinery - 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.

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.

Significant estimates
There were no estimates made that were significant enough to warrant disclosure.

CANS R US LIMITED (REGISTERED NUMBER: 06620772)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 25,950
AMORTISATION
At 1 September 2022
and 31 August 2023 25,950
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 91,282 3,000 1,347 95,629
Additions 29,570 25,995 - 55,565
Disposals (13,472 ) (3,000 ) - (16,472 )
At 31 August 2023 107,380 25,995 1,347 134,722
DEPRECIATION
At 1 September 2022 70,878 2,051 695 73,624
Charge for year 8,965 779 163 9,907
Eliminated on disposal (12,730 ) (2,288 ) - (15,018 )
At 31 August 2023 67,113 542 858 68,513
NET BOOK VALUE
At 31 August 2023 40,267 25,453 489 66,209
At 31 August 2022 20,404 949 652 22,005

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 688 331

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 2,668
Other creditors 18,977 21,512
18,977 24,180

CANS R US LIMITED (REGISTERED NUMBER: 06620772)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included in other creditors are amounts owed to the Directors, this year they were owed £11,037 (£17,287 - 2022).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 25,315 -

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Between one and five years 25,315 -

10. FINANCIAL INSTRUMENTS

Hire purchase contracts taken out by the company are valued at the carrying amount which is determined deducting capital repayments and by adding interest calculated using the effective interest method on an actuarial basis.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 12,580 4,181

Deferred
tax
£   
Balance at 1 September 2022 4,181
Provided during year 8,399
Balance at 31 August 2023 12,580

12. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

CANS R US LIMITED

Report of the Accountants to the Directors of
Cans R Us Limited

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD


31 October 2023