REGISTERED NUMBER: |
CANNYLADS LIMITED |
TRADING AS |
GRAHAM MARTYN BUILDERS |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 |
REGISTERED NUMBER: |
CANNYLADS LIMITED |
TRADING AS |
GRAHAM MARTYN BUILDERS |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 |
CANNYLADS LIMITED (REGISTERED NUMBER: 01430326) |
TRADING AS GRAHAM MARTYN BUILDERS |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
CANNYLADS LIMITED (REGISTERED NUMBER: 01430326) |
TRADING AS GRAHAM MARTYN BUILDERS |
BALANCE SHEET |
31 JULY 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stock and work in progress |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
CANNYLADS LIMITED (REGISTERED NUMBER: 01430326) |
TRADING AS GRAHAM MARTYN BUILDERS |
BALANCE SHEET - continued |
31 JULY 2023 |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
CANNYLADS LIMITED (REGISTERED NUMBER: 01430326) |
TRADING AS GRAHAM MARTYN BUILDERS |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2023 |
1. | STATUTORY INFORMATION |
Cannylads Limited trading as Graham Martyn Builders is a private company limited by shares. The company is registered in England under number 01430326 and the address of the registered office is Barclays Bank Chambers, Bridge Street, Stratford Upon Avon, Warwickshire, CV37 6AH. The company's place of business is The Oriel House, Church Lane, Welford on Avon, Warwickshire, CV37 8EL. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is the value of goods and services provided to customers during the year with revenue being recognised with respect to the services as contractual activity progresses, excluding value added tax and sale of fixed assets. The turnover is derived wholly from within the United Kingdom. |
Tangible fixed assets |
Plant & equipment | - |
Office furniture and equipment | - |
Motor vehicles | - |
Stocks |
Stock and work in progress 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 Profit and Loss Account, 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. |
CANNYLADS LIMITED (REGISTERED NUMBER: 01430326) |
TRADING AS GRAHAM MARTYN BUILDERS |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 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 |
4. | TANGIBLE FIXED ASSETS |
Office |
furniture |
Plant & | and | Motor |
equipment | equipment | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 August 2022 |
Disposals | ( |
) | ( |
) |
At 31 July 2023 |
DEPRECIATION |
At 1 August 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
At 31 July 2022 |
CANNYLADS LIMITED (REGISTERED NUMBER: 01430326) |
TRADING AS GRAHAM MARTYN BUILDERS |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2023 |
5. | DEBTORS |
2023 | 2022 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the year the company made available to the directors an unsecured loan by way of advances and credits. The total of advances and credits made during the year was £114,913. The total of repayments made during the year was £141,627. The loan was unsecured and interest was charged at the official rate.The loan will be repaid in full within 9 months of the year end. |
The directors of the company are the only shareholders of the company and are aware of the requirements of Section 197 of the Companies Act 2006 regarding approval by the members of loans to directors. |