Can Management Ltd - Filleted accounts

Registered number

08060986

Can Management Ltd

Filleted Accounts

31 May 2025

Can Management Ltd
Registered number:		08060986
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Current assets
Stocks		5,900			3,955
Debtors	4	256,371			273,049
Cash at bank and in hand		261,343			200,566
		523,614			477,570

Creditors: amounts falling due within one year	5	(320,885)			(306,134)

Net current assets			202,729			171,436

Total assets less current liabilities			202,729			171,436

Creditors: amounts falling due after more than one year	6		(39,969)			(77,629)



Net assets			162,760			93,807

Capital and reserves
Called up share capital			2			2
Profit and loss account			162,758			93,805

Shareholder's funds			162,760			93,807

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Claire Powell
Director
Approved by the board on 12 November 2025

Can Management Ltd
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			6		5


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 June 2024	76,509		39,472		115,981
	At 31 May 2025	76,509		39,472		115,981

	Depreciation
	At 1 June 2024	76,509		39,472		115,981
	At 31 May 2025	76,509		39,472		115,981

	Net book value
	At 31 May 2025	-		-		-


4	Debtors			2025		2024
£					£

	Trade debtors			113,593		156,678
	Other debtors			142,778		116,371
				256,371		273,049


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			50,705		47,771
	Trade creditors			229,410		210,856
	Taxation and social security costs			40,725		47,269
	Other creditors			45		238
				320,885		306,134


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			39,969		77,629


7	Other information

	Can Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	C/O P1 Accounting Services Ltd
	C11 Tweedale Industrial Estate
	Madeley
	Telford
	TF7 4JR