REGISTERED NUMBER: 07494621 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

CAN - Solutions Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

C A Nelson

T Finch

REGISTERED OFFICE:

Unit 19-20 Macon Court

Crewe

Cheshire

CW1 6EA

REGISTERED NUMBER:

07494621 (England and Wales)

FIXED ASSETS

Intangible assets

5

13,142

-

Tangible assets

6

507,679

529,026

520,821

529,026

CURRENT ASSETS

Debtors

7

628,520

55,234

Cash at bank

666,495

1,279,753

1,295,015

1,334,987

CREDITORS

Amounts falling due within one year

8

(498,871

)

(667,364

)

NET CURRENT ASSETS

796,144

667,623

TOTAL ASSETS LESS CURRENT LIABILITIES

1,316,965

1,196,649

PROVISIONS FOR LIABILITIES

10

(21,660

)

(21,809

)

NET ASSETS

1,295,305

1,174,840

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,295,205

1,174,740

SHAREHOLDERS' FUNDS

1,295,305

1,174,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

C A Nelson - Director

1.	STATUTORY INFORMATION

CAN - Solutions Limited ('The Company') is primarily engaged in the provision of telecommunication solutions.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principle place of business and registered office is Unit 19-20 Macon Court, Crewe, Cheshire, CW1 6EA. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern

No other material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty.

Commissions from customer contracts with Network operator

Contracts revenue is recognised on completion of the contract established between the customer and the network service provider. All current and future contractual costs associated with that customer network deal are recognised in full immediately. Additional revenue entitlement based on customer use or clawback are recognised at the time of occurrence.

Call revenue

Call revenue is recognised in the month in which calls are made. Calls made in the year, but not billed by the year-end are accrued within debtors as accrued income.

Line rental

Line rental income is recognised during the month of rental.

Handsets

Turnover and related costs from the sale of handsets are recognised on the date title passes to the customer or if provided through a leasing company, the date that the agreement between the leasing company and the customer is activated.

Intangible assets

Acquired computer software is capitalised on the basis that costs incurred to acquire and bring into use the specific software and are amortised over their estimated useful lives of five years. Costs that are directly associated with the production of identifiable and unique software products controlled by the company and that will probably generate economic benefits exceeding costs beyond one year are recognised as intangible assets. Costs associated with maintaining computer software programmes are recognised as an expense as incurred.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates so as to write off their cost less residual amounts over their estimated useful economic lives. Assets are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount.

Computer equipment

- 33% on cost

Fixtures and fittings

- 25% on reducing balance

Freehold property

- 2% on cost

The residual values and useful lives of assets are reviewed and adjusted if appropriate at each statement of financial position date.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial positionstatement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment of assets

Assets not measured at fair value are reviewed for any indications that the asset maybe impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2024 - 32 ) .

5.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

Additions

16,428

At 31 March 2025

16,428

AMORTISATION

Amortisation for year

3,286

At 31 March 2025

3,286

NET BOOK VALUE

At 31 March 2025

13,142

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

480,204

-

139,549

41,937

661,690

Additions

-

1,996

7,001

5,076

14,073

At 31 March 2025

480,204

1,996

146,550

47,013

675,763

DEPRECIATION

At 1 April 2024

38,416

-

53,273

40,975

132,664

Charge for year

9,604

-

23,319

2,497

35,420

At 31 March 2025

48,020

-

76,592

43,472

168,084

NET BOOK VALUE

At 31 March 2025

432,184

1,996

69,958

3,541

507,679

At 31 March 2024

441,788

-

86,276

962

529,026

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

118,224

54,006

Other debtors

510,296

1,228

628,520

55,234

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

155,499

83,953

Taxation and social security

222,603

242,366

Other creditors

120,769

341,045

498,871

667,364

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

57,029

-

Between one and five years

75,746

-

132,775

-

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

21,660

21,809

Deferred

tax

£

Balance at 1 April 2024

21,809

Credit to Income Statement during year

(149

)

Balance at 31 March 2025

21,660