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Registered number: 06057717
Cantronik Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Hixsons
Cantronik Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Cantronik Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 06057717

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 8,710 |  | 13,061
Tangible Assets | 5 |  | 787,120 |  | 801,483
|  |  | 795,830 |  | 814,544
CURRENT ASSETS
Stocks | 6 | 63,212 |  | 191,566 |
Debtors | 7 | 1,953,105 |  | 1,135,317 |
Cash at bank and in hand |  | 686,572 |  | 1,622,228 |
|  | 2,702,889 |  | 2,949,111 |
Creditors: Amounts Falling Due Within One Year | 8 | (534,204 ) |  | (974,527 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,168,685 |  | 1,974,584
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,964,515 |  | 2,789,128
NET ASSETS |  |  | 2,964,515 |  | 2,789,128
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1,008 |  | 1,008
Other reserves |  |  | 58,275 |  | 58,275
Profit and Loss Account |  |  | 2,905,232 |  | 2,729,845
SHAREHOLDERS' FUNDS |  |  | 2,964,515 |  | 2,789,128

Page 1
Page 2
Cantronik Ltd
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 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 S Tewatia Director
30 April 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Cantronik Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Cantronik Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06057717 . The registered office is Units 4&5 Concept Park, Innovation Close, Poole, BH12 4QT.
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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible asset is website. It is amortised to profit and loss account over its estimated economic life of five years.
2.4. Research and Development
Expenditure on research is written off in the year it is incurred.
Development costs are being amortised evenly over their estimated useful life of ten years.
2.5. 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:

Freehold | not depreciated
Plant & Machinery | 25% on reducing balance
Motor Vehicles | 20% on reducing balance
Fixtures & Fittings | 25% on reducing balance
Computer Equipment | 25% on reducing balance

Improvements to property 10% straight line
2.6. 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
Cantronik Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.8. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees during the year was as follows: 23 (2023: 17)
23 17
4. Intangible Assets

| Other | Development Costs | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 11,610 | 43,519 | 55,129
As at 31 December 2024 | 11,610 | 43,519 | 55,129
Amortisation
As at 1 January 2024 | 11,610 | 30,458 | 42,068
Provided during the period | - | 4,351 | 4,351
As at 31 December 2024 | 11,610 | 34,809 | 46,419
Net Book Value
As at 31 December 2024 | - | 8,710 | 8,710
As at 1 January 2024 | - | 13,061 | 13,061

5. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 January 2024 | 731,095 | 14,771 | 20,487 | 73,554
Additions | - | 321 | - | 1,936
Disposals | - | - | - | -
As at 31 December 2024 | 731,095 | 15,092 | 20,487 | 75,490

...CONTINUED
Page 4
Page 5
Cantronik Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024 | 3,471 | 12,227 | 13,999 | 32,309
Provided during the period | 3,475 | 711 | 1,299 | 10,741
Disposals | - | - | - | -
As at 31 December 2024 | 6,946 | 12,938 | 15,298 | 43,050
Net Book Value
As at 31 December 2024 | 724,149 | 2,154 | 5,189 | 32,440
As at 1 January 2024 | 727,624 | 2,544 | 6,488 | 41,245

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 January 2024 | 53,526 | 893,433
Additions | 7,746 | 10,003
Disposals | (10,697 ) | (10,697 )
As at 31 December 2024 | 50,575 | 892,739
Depreciation
As at 1 January 2024 | 29,944 | 91,950
Provided during the period | 7,657 | 23,883
Disposals | (10,214 ) | (10,214 )
As at 31 December 2024 | 27,387 | 105,619
Net Book Value
As at 31 December 2024 | 23,188 | 787,120
As at 1 January 2024 | 23,582 | 801,483

6. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Materials | 63,212 |  | 191,566

7. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 343,582 |  | 380,955
Prepayments and accrued income | 1,597,129 |  | 721,040
Other debtors | - |  | 283
VAT | 12,394 |  | 33,039
| 1,953,105 |  | 1,135,317

Page 5
Page 6
Cantronik Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
8. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 231,135 |  | 560,538
Corporation tax | 196,392 |  | 271,666
Other taxes and social security | 24,747 |  | 20,576
Other creditors | 13,213 |  | 28,570
Accruals and deferred income | 68,717 |  | 93,177
| 534,204 |  | 974,527

9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,008 |  | 1,008

Page 6