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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
Page
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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
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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
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Cannard Computing Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,808 
13,284 
Current assets
Inventories
1,350 
750 
Debtors
30,893 
22,484 
Cash at bank and in hand
57,891 
69,414 
90,134 
92,648 
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
Deferred tax
(2,475)
- 
Net assets
23,859 
34,992 
Capital and reserves
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
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Cannard Computing Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
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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 
Additions
- 
2,252 
2,252 
At 31 March 2024
14,752 
51,424 
66,176 
Depreciation
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 
Net book value
At 31 March 2024
2,370 
8,438 
10,808 
At 31 March 2023
2,897 
10,387 
13,284 
5
Debtors
2024 
2023 
£ 
£ 
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 
VAT
9,629 
9,089 
Trade creditors
11,541 
17,216 
Taxes and social security
23,949 
15,207 
Other creditors
299 
12,318 
Accruals
2,145 
- 
Deferred income
8,726 
1,840 
74,608 
70,940 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
2,475 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
2,475 
- 
Provision at end of year
2,475 
- 
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Cannard Computing Limited Notes to the Accounts for the year ended 31 March 2024
8
Share capital
2024 
2023 
£ 
£ 
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 
96 
96 
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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