REGISTERED NUMBER: 01406142 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

M & N CANVAS SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A L Owen

P A Owen

SECRETARY:

A L Owen

REGISTERED OFFICE:

Butterthwaite Lane

Ecclesfield

Sheffield

S35 9WA

REGISTERED NUMBER:

01406142 (England and Wales)

ACCOUNTANTS:

Hodgson & Oldfield

Aizlewood's Mill

Nursery Street

Sheffield

S3 8GG

FIXED ASSETS

Tangible assets

4

4,646

4,909

CURRENT ASSETS

Stocks

3,120

2,851

Debtors

5

14,724

13,700

Cash at bank and in hand

8,854

10,496

26,698

27,047

CREDITORS

Amounts falling due within one year

6

19,777

19,501

NET CURRENT ASSETS

6,921

7,546

TOTAL ASSETS LESS CURRENT LIABILITIES

11,567

12,455

PROVISIONS FOR LIABILITIES

754

796

NET ASSETS

10,813

11,659

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

10,613

11,459

SHAREHOLDERS' FUNDS

10,813

11,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 22 October 2026 and were signed on its behalf by:

A L Owen - Director

1.	STATUTORY INFORMATION

M & N Canvas Services 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 (£).

Monetary amounts in these financial statements are rounded 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.

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

-

15% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on reducing balance

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 February 2025

24,977

11,101

19,080

55,158

Additions

795

-

-

795

At 31 January 2026

25,772

11,101

19,080

55,953

DEPRECIATION

At 1 February 2025

24,968

10,892

14,389

50,249

Charge for year

89

31

938

1,058

At 31 January 2026

25,057

10,923

15,327

51,307

NET BOOK VALUE

At 31 January 2026

715

178

3,753

4,646

At 31 January 2025

9

209

4,691

4,909

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

Motor

vehicles

£

COST

At 1 February 2025

19,080

Transfer to ownership

(19,080

)

At 31 January 2026

-

DEPRECIATION

At 1 February 2025

11,752

Transfer to ownership

(11,752

)

At 31 January 2026

-

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

7,328

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

13,964

12,930

Other debtors

760

770

14,724

13,700

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

9,845

7,369

Taxation and social security

3,069

4,534

Other creditors

6,863

7,598

19,777

19,501

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

The bank holds a fixed and floating charge over the assets of the company in relation to any bank borrowings.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, P A Owen and Mrs A Owen, who own 100% of the issued share capital.