Acorah Software Products - Accounts Production 16.2.850 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04689655 Mr Michael Stoate Mr Oliver Stoate iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04689655 2024-03-31 04689655 2025-03-31 04689655 2024-04-01 2025-03-31 04689655 frs-core:CurrentFinancialInstruments 2025-03-31 04689655 frs-core:Non-currentFinancialInstruments 2025-03-31 04689655 frs-core:ComputerEquipment 2025-03-31 04689655 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04689655 frs-core:ComputerEquipment 2024-03-31 04689655 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 04689655 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 04689655 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 04689655 frs-core:MotorVehicles 2025-03-31 04689655 frs-core:MotorVehicles 2024-04-01 2025-03-31 04689655 frs-core:MotorVehicles 2024-03-31 04689655 frs-core:PlantMachinery 2025-03-31 04689655 frs-core:PlantMachinery 2024-04-01 2025-03-31 04689655 frs-core:PlantMachinery 2024-03-31 04689655 frs-core:ShareCapital 2025-03-31 04689655 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04689655 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04689655 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04689655 frs-bus:SmallEntities 2024-04-01 2025-03-31 04689655 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04689655 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04689655 frs-bus:Director1 2024-04-01 2025-03-31 04689655 frs-bus:Director2 2024-04-01 2025-03-31 04689655 frs-countries:EnglandWales 2024-04-01 2025-03-31 04689655 2023-03-31 04689655 2024-03-31 04689655 2023-04-01 2024-03-31 04689655 frs-core:CurrentFinancialInstruments 2024-03-31 04689655 frs-core:Non-currentFinancialInstruments 2024-03-31 04689655 frs-core:ShareCapital 2024-03-31 04689655 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04689655
Cann Mills Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Hub Accountants Limited
Chartered Accountants
Innovation House
Wincombe Lane
Shaftesbury
Dorset
SP7 8FG
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Cann Mills Limited For The Year Ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Cann Mills Limited For The Year Ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Cann Mills Limited , as a body, in accordance with the terms of our engagement letter dated 21 August 2023. Our work has been undertaken solely to prepare for your approval the accounts of Cann Mills Limited and state those matters that we have agreed to state to the directors of Cann Mills Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cann Mills Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Cann Mills Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Cann Mills Limited . You consider that Cann Mills Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Cann Mills Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
29th April 2025
Hub Accountants Limited
Chartered Accountants
Innovation House
Wincombe Lane
Shaftesbury
Dorset
SP7 8FG
Page 1
Page 2
Balance Sheet
Registered number: 04689655
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 380,191 330,352
380,191 330,352
CURRENT ASSETS
Stocks 5 74,895 53,711
Debtors 6 134,186 148,083
Cash at bank and in hand 169,981 104,474
379,062 306,268
Creditors: Amounts Falling Due Within One Year 7 (105,818 ) (75,729 )
NET CURRENT ASSETS (LIABILITIES) 273,244 230,539
TOTAL ASSETS LESS CURRENT LIABILITIES 653,435 560,891
Creditors: Amounts Falling Due After More Than One Year 8 (42,707 ) (31,712 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (59,051 ) (44,131 )
NET ASSETS 551,677 485,048
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 551,577 484,948
SHAREHOLDERS' FUNDS 551,677 485,048
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Stoate
Director
29th April 2025
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Cann Mills Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04689655 . The registered office is Cann Mills, Bozley Hill, Shaftesbury, Dorset, SP7 0BL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 50 years straight line
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 203,067 372,929 75,816 9,010 660,822
Additions 23,572 64,045 44,525 - 132,142
Disposals - (465 ) (51,095 ) (4,056 ) (55,616 )
As at 31 March 2025 226,639 436,509 69,246 4,954 737,348
Depreciation
As at 1 April 2024 25,719 268,066 30,979 5,706 330,470
Provided during the period 4,531 25,300 12,772 707 43,310
Disposals - (223 ) (12,820 ) (3,580 ) (16,623 )
As at 31 March 2025 30,250 293,143 30,931 2,833 357,157
Net Book Value
As at 31 March 2025 196,389 143,366 38,315 2,121 380,191
As at 1 April 2024 177,348 104,863 44,837 3,304 330,352
5. Stocks
2025 2024
£ £
Stock 74,895 53,711
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 117,357 119,430
Other debtors 16,829 28,653
134,186 148,083
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,257 7,100
Trade creditors 53,045 38,686
Other creditors 17,678 15,026
Taxation and social security 29,838 14,917
105,818 75,729
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 42,707 31,712
9. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 47,964 38,812
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 48,200 16,400
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