Registered number
10313024
CanaCarib Ltd
Filleted Accounts
31 August 2024
CanaCarib Ltd
Registered number: 10313024
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 44,791 50,352
Cash at bank and in hand 5,049 -
49,840 50,352
Creditors: amounts falling due within one year 5 (40,434) (38,686)
Net current assets 9,406 11,666
Total assets less current liabilities 9,406 11,666
Creditors: amounts falling due after more than one year 6 (8,505) (10,935)
Net assets 901 731
Capital and reserves
Called up share capital 100 100
Profit and loss account 801 631
Shareholder's funds 901 731
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Nicole Taylor
Director
Approved by the board on 30 April 2025
CanaCarib Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment Fully depreciated
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment
£
Cost
At 1 September 2023 3,653
At 31 August 2024 3,653
Depreciation
At 1 September 2023 3,653
At 31 August 2024 3,653
Net book value
At 31 August 2024 -
4 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Director's loan account 37,922 77,216 (82,776) 32,362
37,922 77,216 (82,776) 32,362
The loan is unsecured, interest free and repayable on the company's demand.
CanaCarib Ltd 10313024 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 Nicole Taylor No description of principal activity 10313024 2022-09-01 2023-08-31 10313024 core:WithinOneYear 2023-08-31 10313024 core:AfterOneYear 2023-08-31 10313024 core:ShareCapital 2023-08-31 10313024 core:RetainedEarningsAccumulatedLosses 2023-08-31 10313024 2023-09-01 2024-08-31 10313024 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10313024 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10313024 bus:Director40 2023-09-01 2024-08-31 10313024 1 2023-09-01 2024-08-31 10313024 2 2023-09-01 2024-08-31 10313024 bus:Director1 1 2023-09-01 2024-08-31 10313024 bus:FRS102 2023-09-01 2024-08-31 10313024 bus:FilletedAccounts 2023-09-01 2024-08-31 10313024 2024-08-31 10313024 core:WithinOneYear 2024-08-31 10313024 core:AfterOneYear 2024-08-31 10313024 core:ShareCapital 2024-08-31 10313024 core:RetainedEarningsAccumulatedLosses 2024-08-31 10313024 core:PlantMachinery 2024-08-31 10313024 bus:Director1 1 2024-08-31 10313024 2023-08-31 10313024 core:PlantMachinery 2023-08-31 10313024 bus:Director1 1 2023-08-31 iso4217:GBP xbrli:pure