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Company Registration No. 09872518 (England and Wales)
Canny Creative Ltd Unaudited accounts for the year ended 31 December 2025
Canny Creative Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Canny Creative Ltd Company Information for the year ended 31 December 2025
Directors
Adrienne Hardy Tony Robert Hardy
Company Number
09872518 (England and Wales)
Registered Office
Blyth Workspace Commissioners Quay Commissioners Quay Quay Road Blyth NE24 3AF England
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Canny Creative Ltd Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
10,012
9,539
Current assets
Debtors
5
30,220
41,808
Cash at bank and in hand
73,496
103,986
103,716
145,794
Creditors: amounts falling due within one year
6
(110,973)
(82,384)
Net current (liabilities)/assets
(7,257)
63,410
Total assets less current liabilities
2,755
72,949
Provisions for liabilities
Deferred tax
(2,404)
(2,314)
Net assets
351
70,635
Capital and reserves
Called up share capital
2
2
Profit and loss account
349
70,633
Shareholders' funds
351
70,635
For the year ending 31 December 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 13 April 2026 and were signed on its behalf by
Adrienne Hardy Director Company Registration No. 09872518
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Canny Creative Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Canny Creative Ltd is a private company, limited by shares, registered in England and Wales, registration number 09872518. The registered office is Blyth Workspace Commissioners Quay, Commissioners Quay, Quay Road, Blyth, NE24 3AF, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to third party customers during the year. The goods and services are derived from the principal activities of the company.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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:
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
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Canny Creative Ltd Notes to the Accounts for the year ended 31 December 2025
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: · The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of tax liabilities or other future taxable profits; and · Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2025
9,828
3,049
12,877
Additions
2,062
-
2,062
At 31 December 2025
11,890
3,049
14,939
Depreciation
At 1 January 2025
3,083
255
3,338
Charge for the year
1,170
419
1,589
At 31 December 2025
4,253
674
4,927
Net book value
At 31 December 2025
7,637
2,375
10,012
At 31 December 2024
6,745
2,794
9,539
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
28,919
36,825
Accrued income and prepayments
514
4,436
Other debtors
787
547
30,220
41,808
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Canny Creative Ltd Notes to the Accounts for the year ended 31 December 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
13,453
19,701
Trade creditors
-
1,682
Taxes and social security
9,095
21,806
Other creditors
2,786
6,951
Loans from directors
68,459
14,864
Accruals
17,180
17,380
110,973
82,384
7
Average number of employees
During the year the average number of employees was 8 (2024: 7).
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