Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07160234 Mrs Lisa Dodd Ms Clare Chamberlain iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07160234 2023-03-31 07160234 2024-03-31 07160234 2023-04-01 2024-03-31 07160234 frs-core:CurrentFinancialInstruments 2024-03-31 07160234 frs-core:PlantMachinery 2024-03-31 07160234 frs-core:PlantMachinery 2023-04-01 2024-03-31 07160234 frs-core:PlantMachinery 2023-03-31 07160234 frs-core:ShareCapital 2024-03-31 07160234 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07160234 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07160234 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07160234 frs-bus:SmallEntities 2023-04-01 2024-03-31 07160234 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07160234 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07160234 frs-bus:Director1 2023-04-01 2024-03-31 07160234 frs-bus:Director2 2023-04-01 2024-03-31 07160234 1 2023-04-01 2024-03-31 07160234 frs-countries:EnglandWales 2023-04-01 2024-03-31 07160234 2022-03-31 07160234 2023-03-31 07160234 2022-04-01 2023-03-31 07160234 frs-core:CurrentFinancialInstruments 2023-03-31 07160234 frs-core:ShareCapital 2023-03-31 07160234 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 07160234 1 2022-04-01 2023-03-31
Registered number: 07160234
CAN Advertising Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07160234
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,237 63,422
31,237 63,422
CURRENT ASSETS
Debtors 5 390,483 788,343
Cash at bank and in hand 658,223 588,835
1,048,706 1,377,178
Creditors: Amounts Falling Due Within One Year 6 (398,007 ) (782,917 )
NET CURRENT ASSETS (LIABILITIES) 650,699 594,261
TOTAL ASSETS LESS CURRENT LIABILITIES 681,936 657,683
PROVISIONS FOR LIABILITIES
Deferred Taxation - (12,349 )
NET ASSETS 681,936 645,334
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 681,836 645,234
SHAREHOLDERS' FUNDS 681,936 645,334
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Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Lisa Dodd
Director
Ms Clare Chamberlain
Director
11 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CAN Advertising Limited is a private company, limited by shares, incorporated in England & Wales. The registered company number is 07160234 . The registered office is 93a Peascod Street, Windsor, Berkshire, SL4 1DH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% and 50% straight line
2.4. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.5. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax
...CONTINUED
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2.6. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 20 18
20 18
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 215,779
Additions 2,967
As at 31 March 2024 218,746
Depreciation
As at 1 April 2023 152,357
Provided during the period 35,152
As at 31 March 2024 187,509
Net Book Value
As at 31 March 2024 31,237
As at 1 April 2023 63,422
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 216,838 612,664
Amounts owed by group undertakings 138,218 138,218
Other debtors 35,427 37,461
390,483 788,343
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 51,273 63,016
Other creditors 150,305 423,358
Taxation and social security 196,429 296,543
398,007 782,917
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
CAN Advertising Holdings Limited
Subsidiary
CAN Advertising Holdings Limited owns 100% of the share capital in CAN Advertising Limited.
The amount due from the related party at the end of the year was £138,218 (2023: £138,218).
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