Ian Cannon Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 04807796

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		116,525		144,367

			116,525		144,367
CURRENT ASSETS
Debtors	5	43,239		58,128
Cash at bank and in hand		48,666		108,403

		91,905		166,531
Creditors: Amounts Falling Due Within One Year	6	(62,196 )		(128,301 )

NET CURRENT ASSETS (LIABILITIES)			29,709		38,230

TOTAL ASSETS LESS CURRENT LIABILITIES			146,234		182,597

NET ASSETS			146,234		182,597

CAPITAL AND RESERVES
Called up share capital	7		4		4
Share premium account			24,999		24,999
Profit and Loss Account			121,231		157,594

SHAREHOLDERS' FUNDS			146,234		182,597

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Ian Cannon Limited

Balance Sheet (continued)

As At 30 June 2026

For the year ending 30 June 2026 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr John Cannon Director	Mr Gary Cannon Director
10/09/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Ian Cannon Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04807796 . The registered office is 1 Brockley Moor, Plumpton, Penrith, Cumbria, CA11 9NT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20%
Motor Vehicles	25%
Fixtures & Fittings	20%
Computer Equipment	33%

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 July 2025	296,151	140,952	5,100	3,695	445,898
Additions	18,403	-	-	2,582	20,985
Disposals	(35,500 )	-	-	-	(35,500 )

As at 30 June 2026	279,054	140,952	5,100	6,277	431,383

Depreciation
As at 1 July 2025	221,583	71,749	4,647	3,552	301,531

...CONTINUED

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Ian Cannon Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

Provided during the period	12,759	17,301	91	500	30,651
Disposals	(17,324 )	-	-	-	(17,324 )

As at 30 June 2026	217,018	89,050	4,738	4,052	314,858

Net Book Value
As at 30 June 2026	62,036	51,902	362	2,225	116,525

As at 1 July 2025	74,568	69,203	453	143	144,367

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	43,239	54,287
VAT	-	3,841

	43,239	58,128

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	(297 )	15,073
Corporation tax	57,720	68,707
Other taxes and social security	801	43,856
VAT	3,262	-
Accruals and deferred income	710	665

	62,196	128,301

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	4	4

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