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Company Registration No. 14258427 (England and Wales)
Canny Crystals Ltd Unaudited accounts for the year ended 31 July 2024
Canny Crystals Ltd Unaudited accounts Contents
Page
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Canny Crystals Ltd Company Information for the year ended 31 July 2024
Director
Martin Heard
Company Number
14258427 (England and Wales)
Registered Office
AMBER COURT WILLIAM ARMSTRONG DRIVE NEWCASTLE BUSINESS PARK NEWCASTLE UPON TYNE NE4 7YA UNITED KINGDOM
Accountants
Genesis Accountants G27 Amber Court William Armstrong Drive Newcastle Upon Tyne NE4 7YA
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Canny Crystals Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,369 
- 
Tangible assets
2,047 
3,675 
9,416 
3,675 
Current assets
Inventories
15,880 
16,362 
Cash at bank and in hand
2,151 
1,148 
18,031 
17,510 
Creditors: amounts falling due within one year
(39,863)
(19,369)
Net current liabilities
(21,832)
(1,859)
Net (liabilities)/assets
(12,416)
1,816 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(12,417)
1,815 
Shareholders' funds
(12,416)
1,816 
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 26 September 2024 and were signed on its behalf by
Martin Heard Director Company Registration No. 14258427
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Canny Crystals Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Canny Crystals Ltd is a private company, limited by shares, registered in England and Wales, registration number 14258427. The registered office is AMBER COURT WILLIAM ARMSTRONG DRIVE, NEWCASTLE BUSINESS PARK, NEWCASTLE UPON TYNE, NE4 7YA, 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.
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:
Computer equipment
33% Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation rate: 20% Straight Line
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2023
- 
Additions
9,211 
At 31 July 2024
9,211 
Amortisation
At 1 August 2023
- 
Charge for the year
1,842 
At 31 July 2024
1,842 
Net book value
At 31 July 2024
7,369 
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Canny Crystals Ltd Notes to the Accounts for the year ended 31 July 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
4,885 
At 31 July 2024
4,885 
Depreciation
At 1 August 2023
1,210 
Charge for the year
1,628 
At 31 July 2024
2,838 
Net book value
At 31 July 2024
2,047 
At 31 July 2023
3,675 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,797 
- 
VAT
3,881 
1,725 
Trade creditors
893 
616 
Other creditors
3,709 
582 
Loans from directors
26,583 
16,446 
39,863 
19,369 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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