Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falsefalseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08723592 2023-07-01 2024-06-30 08723592 2022-07-01 2023-06-30 08723592 2024-06-30 08723592 2023-06-30 08723592 1 2023-07-01 2024-06-30 08723592 d:Director1 2023-07-01 2024-06-30 08723592 c:Buildings 2023-07-01 2024-06-30 08723592 c:Buildings 2024-06-30 08723592 c:Buildings 2023-06-30 08723592 c:MotorVehicles 2023-07-01 2024-06-30 08723592 c:MotorVehicles 2024-06-30 08723592 c:MotorVehicles 2023-06-30 08723592 c:CurrentFinancialInstruments 2024-06-30 08723592 c:CurrentFinancialInstruments 2023-06-30 08723592 c:Non-currentFinancialInstruments 2024-06-30 08723592 c:Non-currentFinancialInstruments 2023-06-30 08723592 c:CurrentFinancialInstruments c:WithinOneYear 2024-06-30 08723592 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 08723592 c:Non-currentFinancialInstruments c:AfterOneYear 2024-06-30 08723592 c:Non-currentFinancialInstruments c:AfterOneYear 2023-06-30 08723592 c:ShareCapital 2024-06-30 08723592 c:ShareCapital 2023-06-30 08723592 c:RetainedEarningsAccumulatedLosses 2024-06-30 08723592 c:RetainedEarningsAccumulatedLosses 2023-06-30 08723592 d:FRS102 2023-07-01 2024-06-30 08723592 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08723592 d:FullAccounts 2023-07-01 2024-06-30 08723592 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08723592 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure



Company Registration No. 08723592 (England and Wales)





CANVAS SPACES LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

BALANCE SHEET
AS AT 30 JUNE 2024

 
CANVAS SPACES LIMITED
 

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
354,991
354,991

  
354,991
354,991

Current assets
  

Debtors: amounts falling due within one year
 5 
206,515
276,342

Cash at bank and in hand
  
196,516
91,542

  
403,031
367,884

Creditors: amounts falling due within one year
 6 
(267,532)
(180,162)

Net current assets
  
 
 
135,499
 
 
187,722

Total assets less current liabilities
  
490,490
542,713

Creditors: amounts falling due after more than one year
 7 
(221,299)
(241,958)

  

Net assets
  
269,191
300,755


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
268,191
299,755

  
269,191
300,755


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 February 2025.


___________________________
John Flood
Director

Page 1

 
CANVAS SPACES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Canvas Spaces Limited is a private company limited by shares incorporated in England and Wales. The registered office is Polygon Yard, 39a Islington Road, Bristol, England, BS3 1QB

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the director's has reasonable expectation that the company has adquate resources to continue in operational existence for the foreseeable future.Thus the director's continues to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
CANVAS SPACES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
Motor vehicles
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Freehold property
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 July 2023
354,991
4,400
359,391



At 30 June 2024

354,991
4,400
359,391



Depreciation


At 1 July 2023
-
4,400
4,400



At 30 June 2024

-
4,400
4,400



Net book value



At 30 June 2024
354,991
-
354,991



At 30 June 2023
354,991
-
354,991

Page 3

 
CANVAS SPACES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
205,018
274,730

Other debtors
1,497
1,612

206,515
276,342



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
850
-

Bank loans
19,770
19,770

Trade creditors
71,379
5,047

Corporation tax
49,503
27,342

Other taxation and social security
69,819
61,654

Other creditors
2,211
3,593

Accruals
54,000
62,756

267,532
180,162



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
221,299
241,958



8.


Post balance sheet events

There were no events since the year end which materially affected the company.


9.


Controlling party

John Flood owns 51% of the issued share capital of the company and is therefore the ultimate controller of the company.
 
Page 4