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CANDOR SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






CANDOR SERVICES LIMITED (REGISTERED NUMBER: 01554504)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CANDOR SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J B Cooper
J H Anderson





REGISTERED OFFICE: Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS





REGISTERED NUMBER: 01554504 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

CANDOR SERVICES LIMITED (REGISTERED NUMBER: 01554504)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 200,760 220,641

CURRENT ASSETS
Stocks 157,206 226,980
Debtors 5 271,100 177,559
Cash at bank and in hand 73,888 115,115
502,194 519,654
CREDITORS
Amounts falling due within one year 6 369,645 339,763
NET CURRENT ASSETS 132,549 179,891
TOTAL ASSETS LESS CURRENT LIABILITIES 333,309 400,532

CREDITORS
Amounts falling due after more than one year 7 (159,950 ) (208,903 )

PROVISIONS FOR LIABILITIES 9 (35,800 ) (40,590 )
NET ASSETS 137,559 151,039

CAPITAL AND RESERVES
Called up share capital 10 450 450
Retained earnings 137,109 150,589
SHAREHOLDERS' FUNDS 137,559 151,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

CANDOR SERVICES LIMITED (REGISTERED NUMBER: 01554504)

BALANCE SHEET - continued
30 APRIL 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 21 January 2025 and were signed on its behalf by:





J B Cooper - Director


CANDOR SERVICES LIMITED (REGISTERED NUMBER: 01554504)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Candor Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

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

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.

CANDOR SERVICES LIMITED (REGISTERED NUMBER: 01554504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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 8 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 32,753 43,183 211,711 29,335 316,982
Additions - - 14,500 964 15,464
At 30 April 2024 32,753 43,183 226,211 30,299 332,446
DEPRECIATION
At 1 May 2023 13,038 27,772 36,195 19,336 96,341
Charge for year 2,958 2,313 28,503 1,571 35,345
At 30 April 2024 15,996 30,085 64,698 20,907 131,686
NET BOOK VALUE
At 30 April 2024 16,757 13,098 161,513 9,392 200,760
At 30 April 2023 19,715 15,411 175,516 9,999 220,641

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 259,435 165,431
Other debtors 11,665 12,128
271,100 177,559

CANDOR SERVICES LIMITED (REGISTERED NUMBER: 01554504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,848 21,043
Hire purchase contracts (see note 8) 26,987 24,670
Trade creditors 266,428 239,206
Taxation and social security 33,553 11,592
Other creditors 19,829 43,252
369,645 339,763

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 60,507 83,968
Hire purchase contracts (see note 8) 99,443 124,935
159,950 208,903

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 26,987 24,670
Between one and five years 99,443 124,935
126,430 149,605

Non-cancellable operating leases
2024 2023
£    £   
Within one year 16,923 32,850
Between one and five years 16,923 16,006
33,846 48,856

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 35,800 40,590

CANDOR SERVICES LIMITED (REGISTERED NUMBER: 01554504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 40,590
Provided during year (4,790 )
Balance at 30 April 2024 35,800

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
450 Ordinary £1 450 450