Company Registration No. 5557933 (England and Wales)
Canolfan Ltd
Unaudited accounts
for the year ended 31 March 2025
Canolfan Ltd
Unaudited accounts
Contents
Canolfan Ltd
Company Information
for the year ended 31 March 2025
Directors
B J Reynolds
T J Tarapetian
Company Number
5557933 (England and Wales)
Registered Office
The Engine Room@HQ
Llys Glas Alexandra Road
Swansea
SA1 5AJ
United Kingdom
Canolfan Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
52,389
42,383
Cash at bank and in hand
2,881
16,314
Creditors: amounts falling due within one year
(61,620)
(40,838)
Net current liabilities
(42,791)
(19,986)
Total assets less current liabilities
9,598
22,397
Creditors: amounts falling due after more than one year
(57,373)
(39,338)
Net liabilities
(47,775)
(16,941)
Profit and loss account
(47,775)
(16,941)
Shareholders' funds
(47,775)
(16,941)
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
B J Reynolds
Director
Company Registration No. 5557933
Canolfan Ltd
Notes to the Accounts
for the year ended 31 March 2025
Canolfan Ltd is a private company, limited by shares, registered in England and Wales, registration number 5557933. The registered office is The Engine Room@HQ, Llys Glas Alexandra Road, Swansea, SA1 5AJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
36,825
8,431
5,830
51,086
Additions
-
-
13,110
13,110
At 31 March 2025
36,825
8,431
18,940
64,196
At 1 April 2024
-
5,390
3,313
8,703
Charge for the year
-
760
2,344
3,104
At 31 March 2025
-
6,150
5,657
11,807
At 31 March 2025
36,825
2,281
13,283
52,389
At 31 March 2024
36,825
3,041
2,517
42,383
Canolfan Ltd
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
3,357
-
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
1,966
7,620
Trade creditors
24,450
16,239
Taxes and social security
2,015
6,175
Other creditors
20,309
1,096
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
37,034
16,524
Loans from directors
20,339
21,300
8
Transactions with related parties
At the year end £12034 was owed to Urban Foundry Ltd a company in which B J Reynolds is a director. This loan is repayable when the company has available funds.
In addition the director's loan at the year end stood at £20339 and again will only be requested when the company has available funds.
9
Average number of employees
During the year the average number of employees was 23 (2024: 18).