Registered number
11435957
Cannasa Limited
Unaudited Filleted Accounts
30 June 2024
Cannasa Limited
Registered number: 11435957
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Stocks - 1,200
Debtors 3 - 7,890
Cash at bank and in hand 366 414
366 9,504
Creditors: amounts falling due within one year 4 (105,007) (104,658)
Net current liabilities (104,641) (95,154)
Total assets less current liabilities (104,641) (95,154)
Creditors: amounts falling due after more than one year 5 (10,913) (11,327)
Net liabilities (115,554) (106,481)
Capital and reserves
Called up share capital 6,001 6,001
Profit and loss account (121,555) (112,482)
Shareholders' funds (115,554) (106,481)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gregor Pecnik
Director
Approved by the board on 28 March 2025
Cannasa Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Going concern
The company has net liabilities and is therefore dependent upon the continuing support of its creditors and directors. On the basis that this support is expected to continue, the accounts have been drawn up on the going concern basis.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Debtors 2024 2023
£ £
Trade debtors - 7,890
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,464 864
Other taxes and social security costs (1,687) (306)
Other creditors 105,230 104,100
105,007 104,658
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 913 1,327
Other creditors 10,000 10,000
10,913 11,327
6 Other information
Cannasa Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Hinksey Court
Church Way
Oxford
Oxfordshire
OX2 9SX
Cannasa Limited 11435957 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 Gregor Pecnik No description of principal activity 11435957 2022-07-01 2023-06-30 11435957 core:WithinOneYear 2023-06-30 11435957 core:AfterOneYear 2023-06-30 11435957 core:ShareCapital 2023-06-30 11435957 core:RetainedEarningsAccumulatedLosses 2023-06-30 11435957 2023-07-01 2024-06-30 11435957 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11435957 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11435957 bus:Director40 2023-07-01 2024-06-30 11435957 1 2023-07-01 2024-06-30 11435957 2 2023-07-01 2024-06-30 11435957 countries:England 2023-07-01 2024-06-30 11435957 bus:FRS102 2023-07-01 2024-06-30 11435957 bus:FilletedAccounts 2023-07-01 2024-06-30 11435957 2024-06-30 11435957 core:WithinOneYear 2024-06-30 11435957 core:AfterOneYear 2024-06-30 11435957 core:ShareCapital 2024-06-30 11435957 core:RetainedEarningsAccumulatedLosses 2024-06-30 11435957 2023-06-30 iso4217:GBP xbrli:pure