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REGISTERED NUMBER: 07036019 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

BUTTERFLYCANNON LIMITED

BUTTERFLYCANNON LIMITED (REGISTERED NUMBER: 07036019)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BUTTERFLYCANNON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Miss N D Alexander
Mr J N Davies





SECRETARY: Mr J N Davies





REGISTERED OFFICE: Holborn Tower
137-144 High Holborn
London
WC1V 6PL





REGISTERED NUMBER: 07036019 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

BUTTERFLYCANNON LIMITED (REGISTERED NUMBER: 07036019)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 43,286 46,845

CURRENT ASSETS
Debtors 5 829,669 546,350
Cash at bank 1,634,047 1,863,726
2,463,716 2,410,076
CREDITORS
Amounts falling due within one year 6 319,265 143,058
NET CURRENT ASSETS 2,144,451 2,267,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,187,737

2,313,863

PROVISIONS FOR LIABILITIES 7 10,822 8,901
NET ASSETS 2,176,915 2,304,962

CAPITAL AND RESERVES
Called up share capital 8 7
Retained earnings 2,176,907 2,304,955
SHAREHOLDERS' FUNDS 2,176,915 2,304,962

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th September 2024 and were signed on its behalf by:




Mr J N Davies - Director



Miss N D Alexander - Director


BUTTERFLYCANNON LIMITED (REGISTERED NUMBER: 07036019)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

ButterflyCannon Limited 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.

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
Turnover represents the value, net of VAT and discounts, of services provided to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 50% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1st April 2023 129,415 213,083 342,498
Additions 596 17,867 18,463
At 31st March 2024 130,011 230,950 360,961
DEPRECIATION
At 1st April 2023 123,496 172,157 295,653
Charge for year 3,550 18,472 22,022
At 31st March 2024 127,046 190,629 317,675
NET BOOK VALUE
At 31st March 2024 2,965 40,321 43,286
At 31st March 2023 5,919 40,926 46,845

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 499,680 470,817
Tax 19,597 7,473
Prepayments 44,387 57,713
Accrued income 266,005 10,347
829,669 546,350

BUTTERFLYCANNON LIMITED (REGISTERED NUMBER: 07036019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade creditors 44,777 61,608
Tax 60,249 27,846
Social security and other taxes 32,025 843
Pension control 6,063 6,991
VAT 25,715 23,707
Directors' current accounts 2,525 2,200
Deferred income 121,195 -
Accrued expenses 26,716 19,863
319,265 143,058

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£ £
Deferred tax 10,822 8,901

Deferred tax
£
Balance at 1st April 2023 8,901
Charge to Income Statement during year 1,921
Balance at 31st March 2024 10,822

8. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.