Canwell Engineering Ltd

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

Registered number: 04848664

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,189		3,630

			3,189		3,630
CURRENT ASSETS
Stocks	5	730		540
Debtors	6	2,587		-
Cash at bank and in hand		49,295		19,322

		52,612		19,862
Creditors: Amounts Falling Due Within One Year		(56,124 )		(26,989 )

NET CURRENT ASSETS (LIABILITIES)			(3,512 )		(7,127 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(323 )		(3,497 )

NET LIABILITIES			(323 )		(3,497 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(423 )		(3,597 )

SHAREHOLDERS' FUNDS			(323)		(3,497)

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 Carl Jackson

Director

24/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Canwell Engineering Ltd Registered number 04848664 is a limited by shares company incorporated in Northern Ireland. The Registered Office is Llanfihangel Garage, Llanfihangel, Llanfyllin, Wales, SY22 5JD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

2.4. 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.

2.5. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	16,811	28,734	6,478	922	52,945
Additions	622	-	-	-	622

As at 31 December 2024	17,433	28,734	6,478	922	53,567

...CONTINUED

Page 2

Page 3

Canwell Engineering Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	15,705	26,709	6,395	506	49,315
Provided during the period	432	506	21	104	1,063

As at 31 December 2024	16,137	27,215	6,416	610	50,378

Net Book Value
As at 31 December 2024	1,296	1,519	62	312	3,189

As at 1 January 2024	1,106	2,025	83	416	3,630

5. Stocks

	2024	2023
	£	£
Finished goods	730	540

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	2,587	-

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

8. Directors Advances, Credits and Guarantees

Dividends paid to directors

9. Controlling Party

The company's controlling party is Mr Carl Jackson and Mrs O Jackson by virtue of their ownership of 100% of the issued share capital in the company.