Registered number
10583623
CanCertain LIMITED
Filleted Accounts
31 January 2024
CanCertain LIMITED
Registered number: 10583623
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,909 37,127
Investments 4 119 119
14,028 37,246
Current assets
Debtors 5 205,513 175,838
Cash at bank and in hand 33,638 181,675
239,151 357,513
Creditors: amounts falling due within one year 6 (6,771) 32,478
Net current assets 232,380 389,991
Net assets 246,408 427,237
Capital and reserves
Called up share capital 41 41
Share premium 1,392,423 1,392,423
Profit and loss account (1,146,056) (965,227)
Shareholders' funds 246,408 427,237
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Himanshu Laxmidas Kataria
Director
Approved by the board on 31 October 2024
CanCertain LIMITED
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 101,450
Disposals (20,000)
At 31 January 2024 81,450
Depreciation
At 1 February 2023 64,323
Charge for the year 12,218
On disposals (9,000)
At 31 January 2024 67,541
Net book value
At 31 January 2024 13,909
At 31 January 2023 37,127
4 Fixed Asset Investments 2024 2023
£ £
Shares in group undertakings 119 119
Loans to group undertakings 201,210 175,838
201,329 175,957
Additional information is as follows: Shares in group
undertakings
£
Cost
At 1 February 2023 119
At 31 January 2024 119
Net bool value
At 31 January 2024 119
At 31 January 2023 119
Loan to group
undertaking
£
At 1 February 2023 175,838
Additions 25,372
At 31 January 2024 201,210
Details of the investments in which the company hold 99.99% or more of the nominal value of any class of shares capital are as follow:
Name of company Holding Proportion voting rights and shares held Nature of business printing
Clyz Labs (India) Private Ltd Ordinary shares 99.99% Reseach and exprimental development on biotechnology
Investments in subsidiaries are not listed and held at costs less impairment as fair value can not be reliably measured.
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 201,210 175,838
Other debtors 4,303 -
205,513 175,838
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs (30,329) (46,741)
Other creditors 37,100 14,263
6,771 (32,478)
7 Other information
CanCertain LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
222 Kingsway
Gatley
Cheadle
England
SK8 4PB
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