Caseware UK (AP4) 2024.0.164 2024.0.164 2025-09-30 2025-09-30 2 2024-10-01 false sale of CBD confectionary 2 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12899267 2024-10-01 2025-09-30 12899267 2023-10-01 2024-09-30 12899267 2025-09-30 12899267 2024-09-30 12899267 c:Director2 2024-10-01 2025-09-30 12899267 d:CurrentFinancialInstruments 2025-09-30 12899267 d:CurrentFinancialInstruments 2024-09-30 12899267 d:CurrentFinancialInstruments d:WithinOneYear 2025-09-30 12899267 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 12899267 d:ShareCapital 2025-09-30 12899267 d:ShareCapital 2024-09-30 12899267 d:RetainedEarningsAccumulatedLosses 2025-09-30 12899267 d:RetainedEarningsAccumulatedLosses 2024-09-30 12899267 d:TaxLossesCarry-forwardsDeferredTax 2025-09-30 12899267 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 12899267 c:FRS102 2024-10-01 2025-09-30 12899267 c:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 12899267 c:FullAccounts 2024-10-01 2025-09-30 12899267 c:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 12899267 e:PoundSterling 2024-10-01 2025-09-30 iso4217:GBP xbrli:pure

Registered number: 12899267 CANAX LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
CANAX LIMITED REGISTERED NUMBER: 12899267 BALANCE SHEET AS AT 30 SEPTEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Stocks | 4 | 5,012 |  | 4,979 |
Debtors: amounts falling due within one year | 5 | 24,509 |  | 20,045 |
Cash at bank and in hand | 6 | 557 |  | 9,070 |
|  | 30,078 |  | 34,094 |
Creditors: amounts falling due within one year | 7 | (100,282) |  | (95,549) |
Net current liabilities |  |  | (70,204) |  | (61,455)
Total assets less current liabilities |  |  | (70,204) |  | (61,455)
Net liabilities |  |  | (70,204) |  | (61,455)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Profit and loss account |  |  | (70,206) |  | (61,457)
|  |  | (70,204) |  | (61,455)
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
___________________________ S Garner
Director
Page 1
CANAX LIMITED REGISTERED NUMBER: 12899267 BALANCE SHEET (CONTINUED) AS AT 30 SEPTEMBER 2025
Date: 24 June 2026
The notes on pages 3 to 7 form part of these financial statements. Page 2
CANAX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. | General information
The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England & Wales (no. 12899267). The registered office is 15 Manor Park, Ruddington, Nottingham, England, NG11 6DS. These financial statements present information about the company as an individual undertaking. The principal activity of the company is the sale of CBD confectionary. The presentation currency of these financial statements is £ sterling; the financial statements are rounded to the nearest £. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Page 3
CANAX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.3 | 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 balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 deferred 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 the 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 balance sheet date.
| 2.4 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.5 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable 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.
| 2.6 | 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. Page 4
CANAX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.7 | Creditors
Short-term 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.
| 2.8 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
4. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 5,012 | 4,979
|  | 5,012 | 4,979
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 1,704 | -
| Prepayments and accrued income | - | 156
| Deferred taxation | 22,805 | 19,889
|  | 24,509 | 20,045
Page 5
CANAX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 557 | 9,070
|  | 557 | 9,070
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 3,359 | 4,090
| Other taxation and social security | 1,646 | 5,798
| Other creditors | 94,277 | 84,661
| Accruals and deferred income | 1,000 | 1,000
|  | 100,282 | 95,549
Page 6
CANAX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
8. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | 19,889
| Charged to profit or loss | 2,916
| At end of year | 22,805
| The deferred tax asset is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Tax losses carried forward | 22,805 | 19,889
|  | 22,805 | 19,889
9. | Related party transactions
| Included in other creditors is an amount of £94,277 (2024:£84,660) owed to the directors. The loan is repayable on demand and no interest has been charged.
10. | Controlling party
The company is under the control of the directors.
Page 7