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REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31st December 2018 |
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for |
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CANNON DATACOM LIMITED |
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REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31st December 2018 |
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for |
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CANNON DATACOM LIMITED |
CANNON DATACOM LIMITED (REGISTERED NUMBER: 02615421) |
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Contents of the Financial Statements |
for the year ended 31st December 2018 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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CANNON DATACOM LIMITED |
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Company Information |
for the year ended 31st December 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants & Statutory Auditors |
Suffolk House |
George Street |
Croydon |
Surrey |
CR0 0YN |
CANNON DATACOM LIMITED (REGISTERED NUMBER: 02615421) |
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Statement of Financial Position |
31st December 2018 |
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31.12.18 | 31.12.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the director on
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CANNON DATACOM LIMITED (REGISTERED NUMBER: 02615421) |
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Notes to the Financial Statements |
for the year ended 31st December 2018 |
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1. | STATUTORY INFORMATION |
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The company did not trade during the period. |
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Cannon Datacom Limited is a private company, limited by shares, registered in England and Wales. The |
company's registered office is Queensway, Stem Lane Industrial Estate, New Milton, Hampshire, BH25 5NN. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Tangible fixed assets |
Tangible fixed assets under the cost model are stated at historical cost less accumulated deprecation and any |
accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the |
asset to the location and condition necessary for it to be capable of operating in the manner intended by |
management. |
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Deprecation is provided on the following basis: |
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Plant and machinery | - 15% reducing balance |
Fixtures and fittings | - 20% straight line |
Computer equipment | - 33% straight line |
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Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are |
recognised in the Statement of Comprehensive Income. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Taxation |
The tax expense for the year comprises current tax. Tax is recognised in the profit or loss account, except that a |
change attributable to an item of income and expense recognised as other comprehensive income or to an item |
recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. |
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The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Creditors |
Short term creditors are measured at the transaction price. |
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Debtors |
Short term debtors are measured at transaction price, less any impairment. |
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Cash and cash equivalents |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice |
of not more than 24 hours. |
CANNON DATACOM LIMITED (REGISTERED NUMBER: 02615421) |
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Notes to the Financial Statements - continued |
for the year ended 31st December 2018 |
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3. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st January 2018 |
and 31st December 2018 |
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DEPRECIATION |
At 1st January 2018 |
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Charge for year |
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At 31st December 2018 |
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NET BOOK VALUE |
At 31st December 2018 |
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At 31st December 2017 |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1st January 2018 |
and 31st December 2018 |
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NET BOOK VALUE |
At 31st December 2018 |
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At 31st December 2017 |
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Subsidiary undertaking |
The following was a subsidiary undertakings of the company: |
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Name |
Country
ofIncorporation |
Class ofShares |
Holding |
PrincipalActivity |
Cannon Telecomms Limited | England and Wales | Ordinary | 100% | Dormant |
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Registered office |
Cannon Telecomms Limited registered office is 13 Queensway, Stem Lane Industrial Estate, New Milton, |
Hampshire, BH25 5NU. |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
£ | £ |
Other debtors |
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CANNON DATACOM LIMITED (REGISTERED NUMBER: 02615421) |
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Notes to the Financial Statements - continued |
for the year ended 31st December 2018 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
£ | £ |
Amounts owed to group undertakings |
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7. | AUDITORS' INFORMATION |
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The audit report provided to the members of Cannon Datacom Limited on the financial statements for the year |
ended 31st December 2018 was not qualified. |
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The audit report was signed by Christopher Atkinson (Senior Statutory Auditor) for and on behalf of Simpson |
Wreford & Partners, Chartered Accountants and Statutory Auditor. |
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8. | CONTINGENT LIABILITIES |
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The company is party to a composite guarantee between itself, Cannon Technologies Group Limited, Cannon |
Technologies Europe Limited, Cannon Technologies Limited, and Cannon Datacom Limited for bank borrowings, |
but all such borrowings were by the company itself at the period end. There are no other contingent liabilities |
at the balance sheet date (2017 - none). |
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9. | RELATED PARTY DISCLOSURES |
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No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS |
102 Section 1A paragraph 1AC.35, as the company is itself a wholly owned subsidiary of Cannon Technologies |
Group Limited. |
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10. | ULTIMATE CONTROLLING PARTY |
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The immediate parent company is Cannon Technologies Europe Limited, and the ultimate parent company is |
Cannon Technologies Group Limited, a company registered in England and Wales. |
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The ultimate controlling party is E A Reddicliffe, a director. |
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Cannon Technologies Group Limited prepares consolidated financial statements and copies can be obtained |
from 13 Queensway, Stem Lane Industrial Estate, New Milton, Hampshire, BH25 5NU. |