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REGISTERED NUMBER: 01430326















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 17,243 23,525

CURRENT ASSETS
Stock and work in progress 51,487 9,289
Debtors 5 187,462 254,977
Cash at bank 15,585 88,038
254,534 352,304
CREDITORS
Amounts falling due within one year 6 43,149 59,731
NET CURRENT ASSETS 211,385 292,573
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,628

316,098

PROVISIONS FOR LIABILITIES 1,635 2,724
NET ASSETS 226,993 313,374

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 226,893 313,274
SHAREHOLDERS' FUNDS 226,993 313,374

CANNYLADS LIMITED (REGISTERED NUMBER: 01430326)
TRADING AS GRAHAM MARTYN BUILDERS

BALANCE SHEET - continued
31 JULY 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





M J Jerome - Director


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
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 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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant & equipment - 25% on reducing balance
Office furniture and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Office
furniture
Plant & and Motor
equipment equipment vehicles Totals
£    £    £    £   
COST
At 1 August 2022 20,156 26,307 68,610 115,073
Disposals - - (3,380 ) (3,380 )
At 31 July 2023 20,156 26,307 65,230 111,693
DEPRECIATION
At 1 August 2022 20,143 25,030 46,375 91,548
Charge for year 3 319 5,425 5,747
Eliminated on disposal - - (2,845 ) (2,845 )
At 31 July 2023 20,146 25,349 48,955 94,450
NET BOOK VALUE
At 31 July 2023 10 958 16,275 17,243
At 31 July 2022 13 1,277 22,235 23,525

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 127,462 194,977

Amounts falling due after more than one year:
Other debtors 60,000 60,000

Aggregate amounts 187,462 254,977

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 21,282 24,432
Taxation and social security 11,694 23,914
Other creditors 10,173 11,385
43,149 59,731

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.