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REGISTERED NUMBER: 11958959 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Canon Brickwork Ltd

Canon Brickwork Ltd (Registered number: 11958959)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Canon Brickwork Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A M Forsyth
S Bokciu





REGISTERED OFFICE: Suite 32 Blackwell House
Coggeshall Road
Earls Colne
Colchester
Essex
CO6 2JY





REGISTERED NUMBER: 11958959 (England and Wales)





ACCOUNTANTS: Clear Accounts Solutions Ltd
24 Digby Way
Halstead
Essex
CO9 1FT

Canon Brickwork Ltd (Registered number: 11958959)

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,430 70,043

CURRENT ASSETS
Stocks 8,000 -
Debtors 582,971 338,709
Cash at bank and in hand 73,280 32,513
664,251 371,222
CREDITORS
Amounts falling due within one year 560,724 329,467
NET CURRENT ASSETS 103,527 41,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,957

111,798

CREDITORS
Amounts falling due after more than one
year

(126,693

)

(97,353

)

PROVISIONS FOR LIABILITIES (16,544 ) (13,308 )
NET ASSETS 22,720 1,137

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,620 1,037
SHAREHOLDERS' FUNDS 22,720 1,137

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.

Canon Brickwork Ltd (Registered number: 11958959)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 January 2025 and were signed on its behalf by:




A M Forsyth - Director



S Bokciu - Director


Canon Brickwork Ltd (Registered number: 11958959)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Canon Brickwork 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 25% on cost

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2023 - 3 ) .

Canon Brickwork Ltd (Registered number: 11958959)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 95,231
Additions 12,633
Disposals (2,590 )
At 30 April 2024 105,274
DEPRECIATION
At 1 May 2023 25,188
Charge for year 17,656
At 30 April 2024 42,844
NET BOOK VALUE
At 30 April 2024 62,430
At 30 April 2023 70,043

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 May 2023 94,205
Disposals (2,590 )
Transfer to ownership (6,540 )
At 30 April 2024 85,075
DEPRECIATION
At 1 May 2023 25,038
Charge for year 16,645
Transfer to ownership (3,781 )
At 30 April 2024 37,902
NET BOOK VALUE
At 30 April 2024 47,173
At 30 April 2023 69,167

5. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 105,721 -

Included within other creditors is £62,540 (2023 - £96,419) owed to an invoice finance company which is secured on the company's trade debtors.

Hire purchase agreements are secured on the asset to which they relate.

50 % of the loan is secured by the directors.