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REGISTERED NUMBER: 11810012 (England and Wales)















Financial Statements for the Year Ended 29th February 2024

for

Cana Advisory Limited

Cana Advisory Limited (Registered number: 11810012)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cana Advisory Limited

Company Information
for the Year Ended 29th February 2024







DIRECTORS: Mr R J Hughes
Mrs M L Hughes





REGISTERED OFFICE: Ground Floor
Southway House
29 Southway
Colchester
Essex
CO2 7BA





REGISTERED NUMBER: 11810012 (England and Wales)

Cana Advisory Limited (Registered number: 11810012)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 454 605

CURRENT ASSETS
Debtors 5 3,220 804
Cash at bank 243 4,399
3,463 5,203
CREDITORS
Amounts falling due within one year 6 3,417 5,041
NET CURRENT ASSETS 46 162
TOTAL ASSETS LESS CURRENT
LIABILITIES

500

767

PROVISIONS FOR LIABILITIES 86 115
NET ASSETS 414 652

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 314 552
SHAREHOLDERS' FUNDS 414 652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Cana Advisory Limited (Registered number: 11810012)

Balance Sheet - continued
29th February 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th November 2024 and were signed on its behalf by:





Mr R J Hughes - Director


Cana Advisory Limited (Registered number: 11810012)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

Cana Advisory Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

Cana Advisory Limited (Registered number: 11810012)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1st March 2023
and 29th February 2024 1,519
DEPRECIATION
At 1st March 2023 914
Charge for year 151
At 29th February 2024 1,065
NET BOOK VALUE
At 29th February 2024 454
At 28th February 2023 605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 1,936 -
VAT 167 136
Prepayments and accrued income 1,117 668
3,220 804

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,412 542
Other creditors 1,005 4,499
3,417 5,041

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29th February 2024 and 28th February 2023:

2024 2023
£    £   
Mr R J Hughes
Balance outstanding at start of year (3,547 ) (3,340 )
Amounts advanced 16,507 468
Amounts repaid (11,024 ) (675 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,936 (3,547 )

8. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.