| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 April 2025 |
| for |
| Cannell Graphics Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 April 2025 |
| for |
| Cannell Graphics Limited |
| Cannell Graphics Limited (Registered number: 04691051) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2025 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| Cannell Graphics Limited (Registered number: 04691051) |
| Balance Sheet |
| 30 April 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Creditors |
| Amounts falling due after more than one year |
8 |
| Net liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 9 |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| The director acknowledges his 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. |
| Cannell Graphics Limited (Registered number: 04691051) |
| Balance Sheet - continued |
| 30 April 2025 |
| The financial statements were approved by the director and authorised for issue on |
| Cannell Graphics Limited (Registered number: 04691051) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2025 |
| 1. | Statutory information |
| Cannell Graphics Limited is a |
| Registered number: |
| Registered office: |
| The presentation currency of the financial statements statements is the Pound Sterling (£) and rounding to the nearest £. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Goodwill, being the amount paid for a business in 2003, has been fully written off. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost or valuation 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 in order to write off each asset over its estimated useful life. |
| Short leasehold - 20% straight line |
| Fixtures and fittings - 15% and 25% reducing balance |
| Motor vehicles - 20% reducing balance |
| Plant and machinery - 25% reducing balance |
| Stocks |
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Stock is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate. |
| Cannell Graphics Limited (Registered number: 04691051) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2025 |
| 2. | Accounting policies - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
| 3. | Employees and directors |
| The average number of employees during the year was NIL (2024 - |
| 4. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 May 2024 |
| and 30 April 2025 |
| Amortisation |
| At 1 May 2024 |
| and 30 April 2025 |
| Net book value |
| At 30 April 2025 |
| At 30 April 2024 |
| Cannell Graphics Limited (Registered number: 04691051) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2025 |
| 5. | Tangible fixed assets |
| Fixtures |
| Short | Plant and | and | Motor |
| leasehold | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 May 2024 |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 April 2025 |
| Depreciation |
| At 1 May 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 April 2025 |
| Net book value |
| At 30 April 2025 |
| At 30 April 2024 |
| 6. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | Creditors: amounts falling due after more than one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Cannell Graphics Limited (Registered number: 04691051) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2025 |
| 9. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| class A shares | £1 | 23,000 | 23,000 |
| class B shares | £1 | 4,000 | 4,000 |
| 27,000 | 27,000 |
| 10. | Related party disclosures |
| Within creditors is £32,040 (2024 £32,183) owed to the director. |