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Company No: 08638337 (England and Wales)

# CANOPY SALES LTD

### Unaudited Financial Statements
For the financial year ended 31 August 2025
Pages for filing with the registrar

CANOPY SALES LTD

## Unaudited Financial Statements

For the financial year ended 31 August 2025

Contents

CANOPY SALES LTD

## BALANCE SHEET

As at 31 August 2025
CANOPY SALES LTD

## BALANCE SHEET (continued)

As at 31 August 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 2,323 |  | 2,607
Tangible assets | 4 | 1,385 |  | 1,847
|  | 3,708 |  | 4,454
Current assets |  |  |  |
Debtors | 5 | 30,500 |  | 28,232
Cash at bank and in hand |  | 76,374 |  | 114,390
|  | 106,874 |  | 142,622
Creditors: amounts falling due within one year | 6 | ( 70,896) |  | ( 84,241)
Net current assets |  | 35,978 |  | 58,381
Total assets less current liabilities |  | 39,686 |  | 62,835
Creditors: amounts falling due after more than one year | 7 | 0 |  | ( 3,952)
Net assets |  | 39,686 |  | 58,883
Capital and reserves |  |  |  |
Called-up share capital | 8 | 2 |  | 2
Profit and loss account |  | 39,684 |  | 58,881
Total shareholder's funds |  | 39,686 |  | 58,883

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Canopy Sales Ltd (registered number: 08638337) were approved and authorised for issue by the Board of Directors on 09 May 2026. They were signed on its behalf by:

I Butcher Director |

CANOPY SALES LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025
CANOPY SALES LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Canopy Sales Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Oast Bower Farmhouse, Hever Road, Hever, TN8 7LE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs | 10 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Office equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Intangible assets

| Website costs |  | Total
| £ |  | £
Cost |  |  |
At 01 September 2024 | 2,844 |  | 2,844
At 31 August 2025 | 2,844 |  | 2,844
Accumulated amortisation |  |  |
At 01 September 2024 | 237 |  | 237
Charge for the financial year | 284 |  | 284
At 31 August 2025 | 521 |  | 521
Net book value |  |  |
At 31 August 2025 | 2,323 |  | 2,323
At 31 August 2024 | 2,607 |  | 2,607

#### 4. Tangible assets

| Office equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 September 2024 | 3,618 |  | 3,618
At 31 August 2025 | 3,618 |  | 3,618
Accumulated depreciation |  |  |
At 01 September 2024 | 1,771 |  | 1,771
Charge for the financial year | 462 |  | 462
At 31 August 2025 | 2,233 |  | 2,233
Net book value |  |  |
At 31 August 2025 | 1,385 |  | 1,385
At 31 August 2024 | 1,847 |  | 1,847

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by related parties | 30,500 |  | 22,500
Other debtors | 0 |  | 5,732
| 30,500 |  | 28,232

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 3,952 |  | 5,155
Trade creditors | 6,646 |  | 15,173
Taxation and social security | 45,307 |  | 56,764
Other creditors | 14,991 |  | 7,149
| 70,896 |  | 84,241

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 3,952

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 Ordinary shares of £ 1.00 each | 2 |  | 2

#### 9. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 11,525 |  | 18,803

#### 10. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Key management | 0 |  | 5,732