Company Registration No. 01429552 (England and Wales)
Cannard Computing Limited
Unaudited accounts
for the year ended 31 March 2024
Cannard Computing Limited
Unaudited accounts
Contents
Cannard Computing Limited
Company Information
for the year ended 31 March 2024
Directors
Christopher John Filer
Hassan Jonathan Behtooee
Company Number
01429552 (England and Wales)
Registered Office
Elm House, 10 Fountain Court
New Leaze
Bradley Stoke
Bristol
BS32 4LA
United Kingdom
Accountants
Evans Entwistle
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Cannard Computing Limited
for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cannard Computing Limited for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
4 September 2024
Cannard Computing Limited
Statement of financial position
as at 31 March 2024
Tangible assets
10,808
13,284
Cash at bank and in hand
57,891
69,414
Creditors: amounts falling due within one year
(74,608)
(70,940)
Net current assets
15,526
21,708
Total assets less current liabilities
26,334
34,992
Provisions for liabilities
Called up share capital
96
96
Capital redemption reserve
4
4
Profit and loss account
23,759
34,892
Shareholders' funds
23,859
34,992
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by
Christopher John Filer
Director
Company Registration No. 01429552
Cannard Computing Limited
Notes to the Accounts
for the year ended 31 March 2024
Cannard Computing Limited is a private company, limited by shares, registered in England and Wales, registration number 01429552. The registered office is Elm House, 10 Fountain Court, New Leaze, Bradley Stoke, Bristol, BS32 4LA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10 years straight line
Computer equipment
4 years straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Cannard Computing Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
14,752
49,172
63,924
At 31 March 2024
14,752
51,424
66,176
At 1 April 2023
11,855
38,785
50,640
Charge for the year
527
4,201
4,728
At 31 March 2024
12,382
42,986
55,368
At 31 March 2024
2,370
8,438
10,808
At 31 March 2023
2,897
10,387
13,284
Amounts falling due within one year
Trade debtors
30,893
22,484
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
18,319
15,270
Trade creditors
11,541
17,216
Taxes and social security
23,949
15,207
Other creditors
299
12,318
Deferred income
8,726
1,840
7
Deferred taxation
2024
2023
Accelerated capital allowances
2,475
-
Charged to the profit and loss account
2,475
-
Provision at end of year
2,475
-
Cannard Computing Limited
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
47 A Ordinary shares of £1 each
47
47
47 C Ordinary shares of £1 each
47
47
1 D Ordinary shares of £1 each
1
1
1 E Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).