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REGISTERED NUMBER: 10945743 (England and Wales)















Financial Statements for the Year Ended 29 September 2023

for

Cannon Renovations and Maintenance Ltd

Cannon Renovations and Maintenance Ltd (Registered number: 10945743)

Contents of the Financial Statements
for the year ended 29 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Cannon Renovations and Maintenance Ltd

Company Information
for the year ended 29 September 2023







DIRECTOR: N Cannon





SECRETARY:





REGISTERED OFFICE: Unit 6 Fullers Yard
Victoria Road
Margate
Kent
CT9 1NA





REGISTERED NUMBER: 10945743 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

Cannon Renovations and Maintenance Ltd (Registered number: 10945743)

Balance Sheet
29 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,500 22,500
Tangible assets 5 13,203 7,886
35,703 30,386

CURRENT ASSETS
Stocks 77,944 111,944
Debtors 6 9,592 40,272
Cash at bank 15,615 13,755
103,151 165,971
CREDITORS
Amounts falling due within one year 7 157,541 180,388
NET CURRENT LIABILITIES (54,390 ) (14,417 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,687

)

15,969

CREDITORS
Amounts falling due after more than one
year

8

6,752

10,806
NET (LIABILITIES)/ASSETS (25,439 ) 5,163

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (25,539 ) 5,063
(25,439 ) 5,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Cannon Renovations and Maintenance Ltd (Registered number: 10945743)

Balance Sheet - continued
29 September 2023


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 director and authorised for issue on 15 November 2024 and were signed by:





N Cannon - Director


Cannon Renovations and Maintenance Ltd (Registered number: 10945743)

Notes to the Financial Statements
for the year ended 29 September 2023


1. STATUTORY INFORMATION

Cannon Renovations and Maintenance Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Cannon Renovations and Maintenance Ltd (Registered number: 10945743)

Notes to the Financial Statements - continued
for the year ended 29 September 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 September 2022
and 29 September 2023 25,000
AMORTISATION
At 30 September 2022
and 29 September 2023 2,500
NET BOOK VALUE
At 29 September 2023 22,500
At 29 September 2022 22,500

Cannon Renovations and Maintenance Ltd (Registered number: 10945743)

Notes to the Financial Statements - continued
for the year ended 29 September 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 September 2022 14,147
Additions 7,647
At 29 September 2023 21,794
DEPRECIATION
At 30 September 2022 6,261
Charge for year 2,330
At 29 September 2023 8,591
NET BOOK VALUE
At 29 September 2023 13,203
At 29 September 2022 7,886

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,592 31,022
Other debtors - 9,250
9,592 40,272

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,055 4,055
Trade creditors 5,142 11,303
Taxation and social security 31,655 22,069
Other creditors 116,689 142,961
157,541 180,388

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 6,752 10,806

Cannon Renovations and Maintenance Ltd

Report of the Accountants to the Director of
Cannon Renovations and Maintenance Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 September 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


Date: .............................................