REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 September 2022 |
|
for |
|
CAN-PHANTOM LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 September 2022 |
|
for |
|
CAN-PHANTOM LIMITED |
CAN-PHANTOM LIMITED (REGISTERED NUMBER: 12870967) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 30 September 2022 |
|
|
|
|
Page |
|
Balance Sheet | 1 |
|
Notes to the Financial Statements | 3 |
|
CAN-PHANTOM LIMITED (REGISTERED NUMBER: 12870967) |
|
Balance Sheet |
30 September 2022 |
|
30.9.22 | 30.9.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
( |
) |
|
CREDITORS |
Amounts falling due after more than one year | 7 |
|
|
NET LIABILITIES | ( |
) | ( |
) |
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
|
|
|
|
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. |
CAN-PHANTOM LIMITED (REGISTERED NUMBER: 12870967) |
|
Balance Sheet - continued |
30 September 2022 |
|
|
|
|
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
|
|
|
|
|
|
|
|
CAN-PHANTOM LIMITED (REGISTERED NUMBER: 12870967) |
|
Notes to the Financial Statements |
for the Year Ended 30 September 2022 |
|
1. | STATUTORY INFORMATION |
|
Can-Phantom Limited is a
|
|
Registered number: |
|
|
Registered office: |
|
|
|
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
The financial statements have been prepared on a going concern basis because the company is in its infancy and is engaged in the development of new products that it hopes to take to market. The directors are fully supporting the company. |
|
Turnover |
Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably. |
|
Tangible fixed assets |
|
Computer equipment | - |
|
|
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. |
CAN-PHANTOM LIMITED (REGISTERED NUMBER: 12870967) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2022 |
|
2. | ACCOUNTING POLICIES - continued |
|
Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
|
|
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
|
|
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 October 2021 |
and 30 September 2022 |
|
DEPRECIATION |
At 1 October 2021 |
|
Charge for year |
|
At 30 September 2022 |
|
NET BOOK VALUE |
At 30 September 2022 |
|
At 30 September 2021 |
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.22 | 30.9.21 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
CAN-PHANTOM LIMITED (REGISTERED NUMBER: 12870967) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2022 |
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.22 | 30.9.21 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Social security and other taxes |
|
|
VAT | 528 | 2,831 |
Directors' current accounts | 2,213 | 37,043 |
Directors' loan accounts | 71,000 | 49,250 |
Accrued expenses |
|
|
|
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.9.22 | 30.9.21 |
£ | £ |
Bank loans |
|
|
|
8. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
30.9.22 | 30.9.21 |
£ | £ |
Secured bank loan | 98,989 | - |
|
Coventry & Warwickshire Reinvestment Trust Ltd have a fixed and floating charge over the property or undertakings of the company as security for its loan to the company. |