xbrl

10. SHARE PREMIUM ACCOUNT

Share premium account

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Registered number: 12634291






Canny Folk Ltd


ACCOUNTS

FOR THE YEAR ENDED 31/12/2024


ACCOUNTS
FOR THE YEAR ENDED 31/12/2024





DIRECTORS
Neil Donachie
Luke Comer
Craig Huntingdon


REGISTERED OFFICE
44 Azure Business Centre
High Street, Newburn
Newcastle upon Tyne
Tyne & Wear
NE15 8LN


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12634291


ACCOUNTS
FOR THEYEARENDED31/12/2024



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/12/2024

			2024		2023
	Notes		£		£

FIXED ASSETS
Intangible assets	3		7		7
Tangible assets	4		43,030		53,788

			43,037		53,795

CURRENT ASSETS
Debtors	5	285,284		286,102
Current Asset Investments	6	600		500
Cash at bank and in hand		65,920		4,854
		351,804		291,456
CREDITORS: Amounts falling due within one year	7	63,995		57,674
NET CURRENT ASSETS			287,809		233,782
TOTAL ASSETS LESS CURRENT LIABILITIES			330,846		287,577


CREDITORS: Amounts falling due after more than one year	8		114,878		60,011

NET ASSETS			215,968		227,566

CAPITAL AND RESERVES

Called up share capital	9		200		200
Share premium account	10		135,000		135,000
Profit and loss account			80,768		92,366
SHAREHOLDERS' FUNDS			215,968		227,566

For the year ending 31/12/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 29/09/2025 and signed on their behalf by



.............................
Neil Donachie
Director




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		20%




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1c. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




3. INTANGIBLE FIXED ASSETS

	Purchased
	Goodwill	Total
	£	£
Cost
At 01/01/2024	7	7
At 31/12/2024	7	7
Depreciation
At 31/12/2024	-	-
Net Book Amounts
At 31/12/2024	7	7
At 31/12/2023	7	7




4. TANGIBLE FIXED ASSETS

	Fixtures
	and Fittings	Total
	£	£
Cost
At 01/01/2024	67,235	67,235
At 31/12/2024	67,235	67,235
Depreciation
At 01/01/2024	13,447	13,447
For the year	10,758	10,758
At 31/12/2024	24,205	24,205
Net Book Amounts
At 31/12/2024	43,030	43,030
At 31/12/2023	53,788	53,788




5. DEBTORS	2024	2023
	£	£
Amounts falling due within one year
Trade debtors	52,896	136,469
Amounts due from group companies	162,471	149,633
Accrued income	69,917	-
	285,284	286,102




6. CURRENT ASSET INVESTMENTS
	2024	2023
	£	£
Other investments	600	500
	600	500




7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2024	2023
	£	£
VAT	8,227	16,431
Bank Loan	28,011	16,000
Trade creditors	15,725	19,172
Other creditors	9,657	5,491
Accruals	2,375	580
	63,995	57,674




8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2024	2023
	£	£
Loans >1yr	114,878	60,011
	114,878	60,011




9. SHARE CAPITAL	2024	2023
	£	£
Allotted, issued and fully paid:
	200	200




2. EMPLOYEES

	2024	2023
	No.	No.
Average number of employees	-	-