REGISTERED NUMBER: 04691346 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Canopy (Derby) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

John Hurdis

James Hurdis

Mrs G Hurdis

SECRETARY:

Mrs G Hurdis

REGISTERED OFFICE:

9 Abbeydale Close

Wirksworth Road

Duffield

Belper

Derbyshire

DE56 4AT

REGISTERED NUMBER:

04691346 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

58,835

61,130

58,835

61,130

CURRENT ASSETS

Stocks

152,328

149,549

Debtors

6

6,553

1,784

Cash at bank and in hand

605

113

159,486

151,446

CREDITORS

Amounts falling due within one year

7

265,025

310,356

NET CURRENT LIABILITIES

(105,539

)

(158,910

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(46,704

)

(97,780

)

CREDITORS

Amounts falling due after more than one year

8

57,116

29,843

NET LIABILITIES

(103,820

)

(127,623

)

CAPITAL AND RESERVES

Called up share capital

1,500

1,500

Retained earnings

(105,320

)

(129,123

)

SHAREHOLDERS' FUNDS

(103,820

)

(127,623

)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

James Hurdis - Director

1.	STATUTORY INFORMATION

Canopy (Derby) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods to customers during the year. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is now fully amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Office equipment

- 25% on reducing balance

Fixtures and fittings

- 15% on reducing balance

Improvement to property

- 2% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

450,000

AMORTISATION

At 1 April 2024

and 31 March 2025

450,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Office

and

property

equipment

fittings

Totals

£

£

£

£

COST

At 1 April 2024

59,947

5,300

77,930

143,177

Additions

-

300

-

300

At 31 March 2025

59,947

5,600

77,930

143,477

DEPRECIATION

At 1 April 2024

7,194

4,657

70,196

82,047

Charge for year

1,199

236

1,160

2,595

At 31 March 2025

8,393

4,893

71,356

84,642

NET BOOK VALUE

At 31 March 2025

51,554

707

6,574

58,835

At 31 March 2024

52,753

643

7,734

61,130

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Deferred tax

4,500

-

Prepayments

2,053

1,784

6,553

1,784

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

61,365

45,924

Trade creditors

78,465

120,206

Social security and other taxes

62,129

52,631

Other creditors

75

72

Directors' loan accounts

43,887

79,199

Accrued expenses

19,104

12,324

265,025

310,356

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

57,116

29,843

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

36,438

31,864

The overdraft is secured against the company's assets.