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Company Registration No. 12509770 (England and Wales)
Candaw Ltd Unaudited accounts for the year ended 30 April 2024
Candaw Ltd Unaudited accounts Contents
Page
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Candaw Ltd Company Information for the year ended 30 April 2024
Director
Andrew Francis Walker
Secretary
Charlotte Ann Walker
Company Number
12509770 (England and Wales)
Registered Office
8 Wool Road Wimbledon SW20 0HW UK
Accountants
Copsehill Services Ltd Oaktree House Wheelers Lane BROCKHAM Surrey RH3 7LA
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Candaw Ltd for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Candaw Ltd for the year ended 30 April 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Candaw Ltd, as a body, in accordance with the terms of our engagement letter dated 10 June 2021. Our work has been undertaken solely to prepare for your approval the accounts of Candaw Ltd and state those matters that we have agreed to state to the Board of Directors of Candaw Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Candaw Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Candaw Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Candaw Ltd. You consider that Candaw Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Candaw Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Copsehill Services Ltd Chartered Accountants Oaktree House Wheelers Lane BROCKHAM Surrey RH3 7LA 29 October 2024
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Candaw Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,227 
39,234 
Current assets
Debtors
14,583 
12,000 
Cash at bank and in hand
55,340 
30,784 
69,923 
42,784 
Creditors: amounts falling due within one year
(48,294)
(34,534)
Net current assets
21,629 
8,250 
Total assets less current liabilities
41,856 
47,484 
Creditors: amounts falling due after more than one year
- 
(16,602)
Provisions for liabilities
Deferred tax
(3,124)
(6,802)
Net assets
38,732 
24,080 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
38,730 
24,078 
Shareholders' funds
38,732 
24,080 
For the year ending 30 April 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 29 October 2024 and were signed on its behalf by
Andrew Francis Walker Director Company Registration No. 12509770
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Candaw Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Candaw Ltd is a private company, limited by shares, registered in England and Wales, registration number 12509770. The registered office is 8 Wool Road, Wimbledon, SW20 0HW, UK.
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 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:
Motor vehicles
25% straight line
Computer equipment
20% & 33% straight line
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.
Foreign exchange
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Candaw Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
77,439 
9,484 
86,923 
Additions
- 
1,930 
1,930 
At 30 April 2024
77,439 
11,414 
88,853 
Depreciation
At 1 May 2023
41,637 
6,052 
47,689 
Charge for the year
19,359 
1,578 
20,937 
At 30 April 2024
60,996 
7,630 
68,626 
Net book value
At 30 April 2024
16,443 
3,784 
20,227 
At 30 April 2023
35,802 
3,432 
39,234 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,583 
12,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,481 
3,239 
Obligations under finance leases and hire purchase contracts
17,656 
18,109 
Taxes and social security
9,910 
150 
Loans from directors
(4,353)
11,586 
Accruals
23,600 
1,450 
48,294 
34,534 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
16,602 
8
Average number of employees
During the year the average number of employees was 1 (2023: 0).
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