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Canna Production Services Limited

Financial Statements for the Year Ended 31 October 2023






Canna Production Services Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: E E Hatcher



REGISTERED OFFICE: Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA



REGISTERED NUMBER: 07422295 (England and Wales)



ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA



BANKERS: Lloyds TSB plc
514 Cowbridge Road East
Victoria Park
Cardiff
CF5 1BL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Canna Production Services 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 Canna Production Services Limited for the year ended 31 October 2023 which comprise the Profit & Loss account, Balance Sheet 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 Canna Production Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Canna Production Services Limited and state those matters that we have agreed to state to the director of Canna Production Services 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 Canna Production Services Limited and its director for our work or for this report.

It is your duty to ensure that Canna Production Services 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 loss of Canna Production Services Limited. You consider that Canna Production Services 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 Canna Production Services 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.






BPU Limited
Chartered Accountants


31 July 2024

Canna Production Services Limited (Registered number: 07422295)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,929 2,413

CURRENT ASSETS
Debtors 4 5,482 19,807
Cash at bank 5,550 1,874
11,032 21,681
CREDITORS
Amounts falling due within one year 5 7,172 12,978
NET CURRENT ASSETS 3,860 8,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,789

11,116

CREDITORS
Amounts falling due after more than
one year

6

7,700

12,100
NET LIABILITIES (1,911 ) (984 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,912 ) (985 )
SHAREHOLDERS' FUNDS (1,911 ) (984 )

Canna Production Services Limited (Registered number: 07422295)

Balance Sheet - continued
31 October 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 & Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





E E Hatcher - Director


Canna Production Services Limited (Registered number: 07422295)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. 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.

The accounts have been prepared on a going concern basis which is considered appropriate due to the continuing support of the director, shareholder and creditors.

Turnover
Turnover represents net invoiced sales of television production services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% reducing balance

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022
and 31 October 2023 4,966
DEPRECIATION
At 1 November 2022 2,553
Charge for year 484
At 31 October 2023 3,037
NET BOOK VALUE
At 31 October 2023 1,929
At 31 October 2022 2,413

Canna Production Services Limited (Registered number: 07422295)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 4,933
Other debtors & prepayments 5,482 14,874
5,482 19,807

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,400 4,400
Taxes & social security costs - 5,597
Other creditors & accruals 2,772 2,981
7,172 12,978

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 7,700 12,100