Registered number
10282336
Cantello Building Services Limited
Filleted Accounts
30 April 2025
Cantello Building Services Limited
Registered number: 10282336
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,371 1,613
Current assets
Debtors 4 296,304 852,979
Creditors: amounts falling due within one year 5 (146,218) (827,231)
Net current assets 150,086 25,748
Total assets less current liabilities 151,457 27,361
Creditors: amounts falling due after more than one year 6 (98,287) (24,411)
Net assets 53,170 2,950
Capital and reserves
Called up share capital 10 10
Profit and loss account 53,160 2,940
Shareholder's funds 53,170 2,950
Continued…
Continued…
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 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.
N Shaw
Director
Approved by the board on 11 July 2025
Cantello Building Services Limited
Notes to the Accounts
for the period from 1 August 2024 to 30 April 2025
1 Accounting policies
Going concern
The accounts have been prepared on a going concern basis. This is dependent upon the continued support of the company's creditors.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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:
Motor vehicles 20% reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 August 2024 5,250
At 30 April 2025 5,250
Depreciation
At 1 August 2024 3,637
Charge for the period 242
At 30 April 2025 3,879
Net book value
At 30 April 2025 1,371
At 31 July 2024 1,613
4 Debtors 2025 2024
£ £
Trade debtors 279,526 588,620
Other debtors 16,778 264,359
296,304 852,979
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 73,562 68,861
Trade creditors 29,968 397,966
Taxation and social security costs 4,258 316,268
Other creditors 38,430 44,136
146,218 827,231
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 98,287 24,411
7 Secured creditors 2025 2024
£ £
Trade creditors include:
Obligations under invoice discounting - 150,981
A fixed and floating charge on the company's assets was provided as security in respect of an invoice discounting arrangement. This charge was satisfied on 22 April 2025.
8 Other information
Cantello Building Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
118 Thorns Road
Brierley Hill
DY5 2JU
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