Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30172022-12-01Computer consultancy, software development, web and network designfalsetrue19trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03886157 2022-12-01 2023-11-30 03886157 2021-12-01 2022-11-30 03886157 2023-11-30 03886157 2022-11-30 03886157 2021-12-01 03886157 1 2022-12-01 2023-11-30 03886157 d:Director2 2022-12-01 2023-11-30 03886157 c:Buildings 2022-12-01 2023-11-30 03886157 c:Buildings 2023-11-30 03886157 c:Buildings 2022-11-30 03886157 c:Buildings c:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 03886157 c:Buildings c:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 03886157 c:Buildings c:LongLeaseholdAssets 2022-12-01 2023-11-30 03886157 c:MotorVehicles 2022-12-01 2023-11-30 03886157 c:FurnitureFittings 2022-12-01 2023-11-30 03886157 c:OfficeEquipment 2022-12-01 2023-11-30 03886157 c:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 03886157 c:OtherPropertyPlantEquipment 2023-11-30 03886157 c:OtherPropertyPlantEquipment 2022-11-30 03886157 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 03886157 c:OtherPropertyPlantEquipment c:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 03886157 c:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 03886157 c:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 03886157 c:CurrentFinancialInstruments 2023-11-30 03886157 c:CurrentFinancialInstruments 2022-11-30 03886157 c:Non-currentFinancialInstruments 2023-11-30 03886157 c:Non-currentFinancialInstruments 2022-11-30 03886157 c:CurrentFinancialInstruments c:WithinOneYear 2023-11-30 03886157 c:CurrentFinancialInstruments c:WithinOneYear 2022-11-30 03886157 c:Non-currentFinancialInstruments c:AfterOneYear 2023-11-30 03886157 c:Non-currentFinancialInstruments c:AfterOneYear 2022-11-30 03886157 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-11-30 03886157 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2022-11-30 03886157 c:ShareCapital 2023-11-30 03886157 c:ShareCapital 2022-11-30 03886157 c:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 03886157 c:RetainedEarningsAccumulatedLosses 2023-11-30 03886157 c:RetainedEarningsAccumulatedLosses 2022-11-30 03886157 d:OrdinaryShareClass1 2022-12-01 2023-11-30 03886157 d:OrdinaryShareClass1 2023-11-30 03886157 d:OrdinaryShareClass1 2022-11-30 03886157 d:OrdinaryShareClass2 2022-12-01 2023-11-30 03886157 d:OrdinaryShareClass2 2023-11-30 03886157 d:OrdinaryShareClass2 2022-11-30 03886157 d:FRS102 2022-12-01 2023-11-30 03886157 d:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 03886157 d:FullAccounts 2022-12-01 2023-11-30 03886157 d:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 03886157 c:AcceleratedTaxDepreciationDeferredTax 2023-11-30 03886157 c:AcceleratedTaxDepreciationDeferredTax 2022-11-30 03886157 c:OtherPropertyPlantEquipment c:LeasedAssetsHeldAsLessee 2023-11-30 03886157 c:OtherPropertyPlantEquipment c:LeasedAssetsHeldAsLessee 2022-11-30 03886157 c:LeasedAssetsHeldAsLessee 2023-11-30 03886157 c:LeasedAssetsHeldAsLessee 2022-11-30 03886157 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03886157









CANNON TOMLINSON MANSLEY LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
CANNON TOMLINSON MANSLEY LIMITED
REGISTERED NUMBER: 03886157

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
524,194
479,125

Current assets
  

Stocks
 5 
39,707
10,527

Debtors: amounts falling due within one year
 6 
235,062
222,359

Cash at bank and in hand
 7 
265,532
176,513

  
540,301
409,399

Creditors: amounts falling due within one year
 8 
(450,924)
(420,555)

Net current assets/(liabilities)
  
 
 
89,377
 
 
(11,156)

Total assets less current liabilities
  
613,571
467,969

Creditors: amounts falling due after more than one year
 9 
-
(6,894)

Provisions for liabilities
  

Deferred tax
 11 
(20,114)
(10,077)

Net assets
  
 
 
593,457
 
 
450,998


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
 13 
593,357
450,898

  
593,457
450,998


Page 1

 
CANNON TOMLINSON MANSLEY LIMITED
REGISTERED NUMBER: 03886157

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 August 2024.



................................................
Mr A D Tomlinson
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
CANNON TOMLINSON MANSLEY LIMITED
 

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

1.


General information

Cannon Tomlinson Mansley Limited is a private company limited by shares incorporated in England and Wales, United Kingdom.  The address of the registered office is Unit 5, Stow Court, Stow-Cum Quy, Cambridge, CB25 9AS.  The nature of the company's operations continue to be that of computer consultancy, software development, web and network design.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The Company's functional and presentational currency is GBP.

The following principal accounting policies have been applied:

 
2.2

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CANNON TOMLINSON MANSLEY LIMITED
 

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

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold buildings
-
2% per annum straight line
Freehold land
-
held at cost
Motor vehicles
-
25% per annum reducing balance
Fixtures & fittings
-
25% per annum reducing balance
Office equipment
-
25% per annum reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term 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.

Page 4

 
CANNON TOMLINSON MANSLEY LIMITED
 

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

2.Accounting policies (continued)

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.12

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.13

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.14

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
CANNON TOMLINSON MANSLEY LIMITED
 

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

2.Accounting policies (continued)

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2022 - 17).

Page 6

 
CANNON TOMLINSON MANSLEY LIMITED
 

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

4.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost


At 1 December 2022
498,090
216,420
714,510


Additions
-
78,385
78,385



At 30 November 2023

498,090
294,805
792,895



Depreciation


At 1 December 2022
74,300
161,085
235,385


Charge for the year on owned assets
4,981
15,729
20,710


Charge for the year on financed assets
-
12,605
12,605



At 30 November 2023

79,281
189,419
268,700



Net book value



At 30 November 2023
418,809
105,386
524,195



At 30 November 2022
423,790
55,335
479,125

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Other fixed assets
37,811
-

37,811
-


5.


Stocks

2023
2022
£
£

Stock (goods for resale)
10,207
8,727

Work in progress
29,500
1,800

39,707
10,527


Page 7

 
CANNON TOMLINSON MANSLEY LIMITED
 

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

6.


Debtors

2023
2022
£
£


Trade debtors
177,666
138,746

Other debtors
23,735
76,455

Prepayments and accrued income
33,661
7,158

235,062
222,359



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank
265,532
176,513



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
2,343

Other loans
10,922
131,614

Trade creditors
213,411
169,977

Corporation tax
51,753
15,746

Other taxation and social security
81,119
71,258

Obligations under finance lease and hire purchase contracts
36,416
-

Other creditors
57,303
29,617

450,924
420,555



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
-
6,894

-
6,894


The aggregate amount of creditors for which security has been given amounted to £Nil (2022 - £2,343).

Page 8

 
CANNON TOMLINSON MANSLEY LIMITED
 

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

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
-
2,343

Other loans
10,922
131,614


10,922
133,957


Amounts falling due 2-5 years

Other loans

-
6,894


10,922
140,851



11.


Deferred taxation




2023
2022


£

£






At beginning of year
(10,077)
(5,885)


Charged to profit or loss
(10,037)
(4,192)



At end of year
(20,114)
(10,077)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(20,114)
(10,077)

(20,114)
(10,077)

Page 9

 
CANNON TOMLINSON MANSLEY LIMITED
 

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

12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



99 (2022 - 99) Ordinary "A" shares of £1.00 each
99
99
1 (2022 - 1) Ordinary "B" share of £1.00
1
1

100

100



13.


Reserves

Profit & loss account

The profit and loss account represents accumulated comprehensive income of the year and prior periods less any dividends paid. 


14.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £71,300 (2022 - £73,529).
Contributions totalling £5,761 (2022 - £5,636) were payable to the fund at the balance sheet date and are included in creditors.


15.


Transactions with directors

During the year the company operated a loan account with one of the directors.  The maximum amount lent to the director was £93,867 (2022 - £150,000). The balance due from the director at 30 November 2023 was £18,853 (2022 - £76,454).


16.


Related party transactions

During the year dividends of £66,641 (2022 - £54,086) were paid to directors of the company.


17.


Post balance sheet events

Since the year end, the company has paid interim dividends in respect of the year ended 30 November 2024.


Page 10