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Financial Statements |
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for the Year Ended 31st December 2019 |
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for |
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CANNON DATACOM LIMITED |
REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31st December 2019 |
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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 2019 |
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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 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SENIOR STATUTORY AUDITOR: |
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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 2019 |
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31.12.19 | 31.12.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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CREDITORS |
Amounts falling due within one year | 7 |
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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 and authorised for issue 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 2019 |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
CANNON DATACOM LIMITED (REGISTERED NUMBER: 02615421) |
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Notes to the Financial Statements - continued |
for the year ended 31st December 2019 |
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4. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st January 2019 |
and 31st December 2019 |
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DEPRECIATION |
At 1st January 2019 |
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Charge for year |
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At 31st December 2019 |
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NET BOOK VALUE |
At 31st December 2019 |
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At 31st December 2018 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st January 2019 |
and 31st December 2019 |
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NET BOOK VALUE |
At 31st December 2019 |
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At 31st December 2018 |
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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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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
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 2019 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Amounts owed to group undertakings |
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8. | 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 2019 was unqualified. |
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The audit report was signed by Alasdair Weaks (Senior Statutory Auditor) for and on behalf of Simpson Wreford & Partners, Chartered Accountants and Statutory Auditor. |
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9. | 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, Cannon Telecomms Limited and Cannontech Limited for bank borrowings, but all such borrowings were by Cannon Technologies Limited at the period end. There are no other contingent liabilities at the balance sheet date (2018 - none). |
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10. | 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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11. | 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. |