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REGISTERED NUMBER: 08785078 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

33CANKSTREET LTD

33CANKSTREET LTD (REGISTERED NUMBER: 08785078)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


33CANKSTREET LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr KK Ruparell





REGISTERED OFFICE: Granville Hall
Granville Road
United Kingdom
Leicester
LE1 7RU





REGISTERED NUMBER: 08785078 (England and Wales)

33CANKSTREET LTD (REGISTERED NUMBER: 08785078)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,057 59,665

CURRENT ASSETS
Stocks 15,000 12,000
Debtors 5 12,356 12,300
Cash at bank and in hand 5,312 2,618
32,668 26,918
CREDITORS
Amounts falling due within one year 6 93,436 84,140
NET CURRENT LIABILITIES (60,768 ) (57,222 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,711

)

2,443

CREDITORS
Amounts falling due after more than one
year

7

(37,662

)

(51,025

)

PROVISIONS FOR LIABILITIES (9,598 ) (9,020 )
NET LIABILITIES (55,971 ) (57,602 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (55,972 ) (57,603 )
SHAREHOLDERS' FUNDS (55,971 ) (57,602 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

33CANKSTREET LTD (REGISTERED NUMBER: 08785078)

BALANCE SHEET - continued
30 NOVEMBER 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 director and authorised for issue on 28 August 2024 and were signed by:





Mr KK Ruparell - Director


33CANKSTREET LTD (REGISTERED NUMBER: 08785078)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

33Cankstreet Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises the fair value for the sale of goods excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts.

The company supplies goods to customers from its business premises, under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on the delivery of the goods.

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 - 15% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 15% on cost

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of fair value less costs to sell and value-in-use, are recognised as impairment losses. Impairments of revalued assets are treated as a revaluation decrease. All other impairment losses are recognised in profit and loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

33CANKSTREET LTD (REGISTERED NUMBER: 08785078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 December 2022
and 30 November 2023 57,207 12,757 48,283 1,975 120,222
DEPRECIATION
At 1 December 2022 5,721 12,757 40,879 1,200 60,557
Charge for year 5,720 - 1,592 296 7,608
At 30 November 2023 11,441 12,757 42,471 1,496 68,165
NET BOOK VALUE
At 30 November 2023 45,766 - 5,812 479 52,057
At 30 November 2022 51,486 - 7,404 775 59,665

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,161 8,393
Other debtors 2,655 -
Prepayments 5,540 3,907
12,356 12,300

33CANKSTREET LTD (REGISTERED NUMBER: 08785078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 13,429 13,185
Trade creditors 22,446 16,204
Taxation 952 -
Paye/Ni payable 2,551 7,879
VAT 35,739 38,924
Other creditors 253 103
Directors' current accounts 16,191 7,845
Accruals and deferred income 1,875 -
93,436 84,140

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 37,662 51,025