Cannon Global Logistics Ltd - Filleted accounts

Registered number

07748810

Cannon Global Logistics Ltd

Filleted Accounts

31 October 2025

Cannon Global Logistics Ltd
Registered number:		07748810
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		187,733			199,481

Current assets
Stocks		28,050			33,180
Debtors	4	296,075			288,452
Cash at bank and in hand		10,977			42,293
		335,102			363,925

Creditors: amounts falling due within one year	5	(394,017)			(413,662)

Net current liabilities			(58,915)			(49,737)

Total assets less current liabilities			128,818			149,744

Creditors: amounts falling due after more than one year	6		-			(4,296)



Net assets			128,818			145,448

Capital and reserves
Called up share capital			100			100
Profit and loss account			128,718			145,348

Shareholder's funds			128,818			145,448

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr G T S Sanghera
Director
Approved by the board on 21 July 2026

Cannon Global Logistics Ltd
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	10% straight line
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.


	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.




	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2



3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 November 2024	97,551		289,898		387,449
	Additions	-		14,857		14,857
	At 31 October 2025	97,551		304,755		402,306

	Depreciation
	At 1 November 2024	51,720		136,248		187,968
	Charge for the year	9,755		16,850		26,605
	At 31 October 2025	61,475		153,098		214,573

	Net book value
	At 31 October 2025	36,076		151,657		187,733
	At 31 October 2024	45,831		153,650		199,481






4	Debtors			2025		2024
£					£

	Trade debtors			34,771		32,148
	Other debtors			261,304		256,304
				296,075		288,452


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			5,833		10,000
	Trade creditors			377,923		393,067
	Taxation and social security costs			3,761		4,095
	Other creditors			6,500		6,500
				394,017		413,662


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			-		4,296





8	Other information

	Cannon Global Logistics Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	250 Station Road
	Rowley Regis
	West Midlands
	B65 0JU