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REGISTERED NUMBER: 07628565 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

CANTILEVER GROUP LIMITED

CANTILEVER GROUP LIMITED (REGISTERED NUMBER: 07628565)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CANTILEVER GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs L M Baker
A R Baker





REGISTERED OFFICE: Hunningtons
11 The Goffs
Eastbourne
East Sussex
BN21 1HA





REGISTERED NUMBER: 07628565 (England and Wales)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

CANTILEVER GROUP LIMITED (REGISTERED NUMBER: 07628565)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,811 3,936
Investments 5 3 3
5,814 3,939

CURRENT ASSETS
Stocks 6 65,372 51,317
Debtors 7 94,127 435,529
159,499 486,846
CREDITORS
Amounts falling due within one year 8 63,908 167,273
NET CURRENT ASSETS 95,591 319,573
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,405

323,512

CREDITORS
Amounts falling due after more than one
year

9

(45,858

)

(67,070

)

PROVISIONS FOR LIABILITIES 10 (1,104 ) (748 )
NET ASSETS 54,443 255,694

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,343 255,594
SHAREHOLDERS' FUNDS 54,443 255,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

CANTILEVER GROUP LIMITED (REGISTERED NUMBER: 07628565)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





A R Baker - Director


CANTILEVER GROUP LIMITED (REGISTERED NUMBER: 07628565)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Cantilever Group 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

In relation to long term contracts for services rendered, turnover is measured by reference to the stage of completion achieved at the end of the accounting period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

CANTILEVER GROUP LIMITED (REGISTERED NUMBER: 07628565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 10,496 17,167 27,663
Additions 2,239 2,123 4,362
At 31 May 2024 12,735 19,290 32,025
DEPRECIATION
At 1 June 2023 8,658 15,069 23,727
Charge for year 1,272 1,215 2,487
At 31 May 2024 9,930 16,284 26,214
NET BOOK VALUE
At 31 May 2024 2,805 3,006 5,811
At 31 May 2023 1,838 2,098 3,936

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 3
NET BOOK VALUE
At 31 May 2024 3
At 31 May 2023 3

6. STOCKS
31.5.24 31.5.23
£    £   
Work in progress 65,372 51,317

CANTILEVER GROUP LIMITED (REGISTERED NUMBER: 07628565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 11,872 11,501
Amounts owed by group undertakings 75,000 418,773
Amounts owed by associates 1,505 5
Other debtors 5,750 5,250
94,127 435,529

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 22,671 24,945
Other loans 12,503 10,592
Hire purchase contracts - 313
Trade creditors - 55
Corporation tax 8,169 75,450
Payroll taxation 1,571 1,775
VAT 14,971 7,313
Directors' current accounts 416 3,101
Accrued charges 3,607 43,729
63,908 167,273

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 8,744 9,317
Bank loans - 2-5 years - 8,135
Other loans - 1-2 years 12,311 9,482
Other loans - 2-5 years 24,803 40,136
45,858 67,070

10. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 1,104 748

Deferred
tax
£   
Balance at 1 June 2023 748
Provided during year 356
Balance at 31 May 2024 1,104

11. ULTIMATE CONTROLLING PARTY

The controlling party is A R Baker.