REGISTERED NUMBER: 04691051 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2026

for

Cannell Graphics Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

579

2,500

579

2,500

Current assets

Stocks

250

250

Debtors

6

2,121

2,349

Cash at bank

1,622

1,877

3,993

4,476

Creditors

Amounts falling due within one year

7

34,239

36,198

Net current liabilities

(30,246

)

(31,722

)

Total assets less current liabilities

(29,667

)

(29,222

)

Creditors

Amounts falling due after more than one year

8

-

334

Net liabilities

(29,667

)

(29,556

)

Capital and reserves

Called up share capital

9

27,000

27,000

Retained earnings

(56,667

)

(56,556

)

Shareholders' funds

(29,667

)

(29,556

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 October 2026 and were signed by:

K D Cannell - Director

1.	Statutory information

Cannell Graphics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04691051

Registered office:

85 Church Road

Hove

East Sussex

BN3 2BB

The presentation currency of the financial statements statements is the Pound Sterling (£) and rounding to the nearest £.

2.	Accounting policies

Basis of preparing the financial statements

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. 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.

Goodwill

Goodwill, being the amount paid for a business in 2003, has been fully written off.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold - 20% straight line

Fixtures and fittings - 15% and 25% reducing balance

Motor vehicles - 20% reducing balance

Plant and machinery - 25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Stock is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	Employees and directors

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

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 May 2025

and 30 April 2026

158,000

Amortisation

At 1 May 2025

and 30 April 2026

158,000

Net book value

At 30 April 2026

-

At 30 April 2025

-

5.	Tangible fixed assets

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 May 2025

122,485

13,032

35,520

2,600

173,637

Disposals

-

(13,032

)

(35,520

)

-

(48,552

)

At 30 April 2026

122,485

-

-

2,600

125,085

Depreciation

At 1 May 2025

122,485

12,905

33,871

1,876

171,137

Charge for year

-

32

247

145

424

Eliminated on disposal

-

(12,937

)

(34,118

)

-

(47,055

)

At 30 April 2026

122,485

-

-

2,021

124,506

Net book value

At 30 April 2026

-

-

-

579

579

At 30 April 2025

-

127

1,649

724

2,500

6.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

1,888

2,032

Other debtors

233

317

2,121

2,349

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Bank loans and overdrafts

334

2,000

Trade creditors

146

146

Taxation and social security

414

424

Other creditors

33,345

33,628

34,239

36,198

8.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Bank loans

-

334

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

23,000

class A shares

£1

23,000

23,000

4,000

class B shares

£1

4,000

4,000

27,000

27,000

10.	Related party disclosures

Within creditors is £31,785 (2025 £32,040) owed to the director.