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Unaudited Financial Statements for the Year Ended 30 April 2022 |
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Cannell Graphics Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 April 2022 |
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for |
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Cannell Graphics Limited |
Cannell Graphics Limited (Registered number: 04691051) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Cannell Graphics Limited |
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Company Information |
for the Year Ended 30 April 2022 |
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Director: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered accountants |
85 Church Road |
Hove |
East Sussex |
BN3 2BB |
Cannell Graphics Limited (Registered number: 04691051) |
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Balance Sheet |
30 April 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
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Tangible assets | 5 |
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Current assets |
Stocks |
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Debtors | 6 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 7 |
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Net current liabilities | ( |
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Total assets less current liabilities | ( |
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Creditors |
Amounts falling due after more than one
year |
8 |
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( |
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Provisions for liabilities |
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Net liabilities | ( |
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Capital and reserves |
Called up share capital |
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Retained earnings | ( |
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( |
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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. |
Cannell Graphics Limited (Registered number: 04691051) |
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Balance Sheet - continued |
30 April 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account 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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Cannell Graphics Limited (Registered number: 04691051) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2022 |
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1. | Statutory information |
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Cannell Graphics 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. |
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The presentation currency of the financial statements statements is the Pound Sterling (£) and rounding to the nearest £. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Goodwill |
Goodwill, being the amount paid for a business in 2003, has been fully written off. |
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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. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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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. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Cannell Graphics Limited (Registered number: 04691051) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2022 |
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2. | Accounting policies - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Government grants |
Government grants are recognised in the period to which they relate. |
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3. | Employees and directors |
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The average number of employees during the year was
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4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 May 2021 |
and 30 April 2022 |
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Amortisation |
At 1 May 2021 |
and 30 April 2022 |
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Net book value |
At 30 April 2022 |
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At 30 April 2021 |
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Cannell Graphics Limited (Registered number: 04691051) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2022 |
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5. | Tangible fixed assets |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Cost |
At 1 May 2021 |
and 30 April 2022 |
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Depreciation |
At 1 May 2021 |
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Charge for year |
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At 30 April 2022 |
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Net book value |
At 30 April 2022 |
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At 30 April 2021 |
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6. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | Creditors: amounts falling due after more than one year |
2022 | 2021 |
£ | £ |
Bank loans |
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9. | Related party disclosures |
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Within creditors is £21,672 (2021 £21,976) owed to the director. |