Cannon BBT Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05642668

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		335,017		187,083

			335,017		187,083
CURRENT ASSETS
Debtors	5	66,644		27,817
Cash at bank and in hand		86,380		119,119

		153,024		146,936
Creditors: Amounts Falling Due Within One Year	6	(117,021 )		(113,591 )

NET CURRENT ASSETS (LIABILITIES)			36,003		33,345

TOTAL ASSETS LESS CURRENT LIABILITIES			371,020		220,428

Creditors: Amounts Falling Due After More Than One Year	7		(246,092 )		(78,745 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1 )		(1 )

NET ASSETS			124,927		141,682

CAPITAL AND RESERVES
Called up share capital	9		20		20
Profit and Loss Account			124,907		141,662

SHAREHOLDERS' FUNDS			124,927		141,682

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Cannon BBT Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Marc Withe

Director

31/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Cannon BBT Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05642668 . The registered office is 85-87 Vauxhall Road , Liverpool, Merseyside, L3 6BN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Motor Vehicles	20% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Cannon BBT Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2023: 9)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2024	25,711	782,049	807,760
Additions	-	221,475	221,475

As at 31 December 2024	25,711	1,003,524	1,029,235

Depreciation
As at 1 January 2024	23,678	596,999	620,677
Provided during the period	366	73,175	73,541

As at 31 December 2024	24,044	670,174	694,218

Net Book Value
As at 31 December 2024	1,667	333,350	335,017

As at 1 January 2024	2,033	185,050	187,083

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	36,754	13,981
VAT	29,890	13,836

	66,644	27,817

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	15,960	-
Trade creditors	31,874	37,405
Bank loans and overdrafts	31,186	37,821
Corporation tax	24,562	29,562
Other taxes and social security	2,602	5,134
Accruals and deferred income	10,837	3,669

	117,021	113,591

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Cannon BBT Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	63,840	-
Bank loans	98,591	-
Other creditors	26,384	21,468
Directors loan account	57,277	57,277

	246,092	78,745

8. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	15,960	-
Later than one year and not later than five years	63,840	-

	79,800	-

	79,800	-

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	20	20

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