REGISTERED NUMBER: 04077039 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

Cannon Glass & Glazing Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

J D Gray

R Short

J M Howell

REGISTERED OFFICE:

9 Mulberry Court

Bourne Industrial Park

Crayford

Kent

DA1 4BF

REGISTERED NUMBER:

04077039 (England and Wales)

ACCOUNTANTS:

CWF & Partners Ltd

Chartered Accountants

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

FIXED ASSETS

Tangible assets

5

207,099

204,357

CURRENT ASSETS

Stocks

809,000

815,488

Debtors

6

596,841

229,903

Cash at bank and in hand

434,037

1,171,389

1,839,878

2,216,780

CREDITORS

Amounts falling due within one year

7

1,095,116

1,644,465

NET CURRENT ASSETS

744,762

572,315

TOTAL ASSETS LESS CURRENT LIABILITIES

951,861

776,672

CREDITORS

Amounts falling due after more than one year

8

(290,705

)

(375,036

)

PROVISIONS FOR LIABILITIES

(41,463

)

(30,494

)

NET ASSETS

619,693

371,142

CAPITAL AND RESERVES

Called up share capital

120

120

Capital redemption reserve

10

880

880

Retained earnings

10

618,693

370,142

619,693

371,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by:

R Short - Director

1.	STATUTORY INFORMATION

Cannon Glass & Glazing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures, fittings and equipment

-

20% on reducing balance

Motor vehicles

-

20% on cost and over the period of the lease

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2025 - 33 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 March 2025

540,507

Additions

95,970

Disposals

(130,722

)

At 28 February 2026

505,755

Depreciation

At 1 March 2025

336,150

Charge for year

46,298

Eliminated on disposal

(83,792

)

At 28 February 2026

298,656

Net book value

At 28 February 2026

207,099

At 28 February 2025

204,357

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

Cost

At 1 March 2025

214,641

Additions

88,553

Transfer to ownership

(33,759

)

At 28 February 2026

269,435

Depreciation

At 1 March 2025

92,897

Charge for year

37,633

Transfer to ownership

(33,759

)

At 28 February 2026

96,771

Net book value

At 28 February 2026

172,664

At 28 February 2025

121,744

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

522,017

98,154

Other debtors

74,824

131,749

596,841

229,903

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Hire purchase contracts

53,100

44,120

Trade creditors

465,286

900,731

Taxation and social security

55,278

263,684

Other creditors

521,452

435,930

1,095,116

1,644,465

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Hire purchase contracts

87,246

58,613

Other creditors

203,459

316,423

290,705

375,036

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.26

28.2.25

£

£

Hire purchase contracts

140,346

102,733

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 March 2025

370,142

880

371,022

Profit for the year

248,551

248,551

At 28 February 2026

618,693

880

619,573