Cannon And Company Accountants Limited - Period Ending 2017-03-31

Cannon And Company Accountants Limited - Period Ending 2017-03-31


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Registration number: 07505876

Cannon And Company Accountants Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2017

Cannons
Chartered Certified Accountants
C/O Cannons Accountants
Unit F Kingsmead
Park Farm
Folkestone
Kent
CT19 5EU

 

Cannon And Company Accountants Limited

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 6

Notes to the Financial Statements

5

 

Cannon And Company Accountants Limited

Company Information

Directors

Mrs Janice Strachan

Mr Ian Strachan

Registered office

C/O Cannons Accountants
Unit F Kingsmead
Park Farm
Folkestone
Kent
CT19 5EU

Accountants

Cannons
Chartered Certified Accountants
C/O Cannons Accountants
Unit F Kingsmead
Park Farm
Folkestone
Kent
CT19 5EU

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Cannon And Company Accountants Limited
for the Year Ended 31 March 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cannon And Company Accountants Limited for the year ended 31 March 2017 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of Cannon And Company Accountants Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Cannon And Company Accountants Limited and state those matters that we have agreed to state to the Board of Directors of Cannon And Company Accountants Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cannon And Company Accountants Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cannon And Company Accountants Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cannon And Company Accountants Limited. You consider that Cannon And Company Accountants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Cannon And Company Accountants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Cannons
Chartered Certified Accountants
C/O Cannons Accountants
Unit F Kingsmead
Park Farm
Folkestone
Kent
CT19 5EU

20 October 2017

 

Cannon And Company Accountants Limited

Profit and Loss Account for the Year Ended 31 March 2017

Note

Total
31 March
2017
£

Total
31 March
2016
£

Turnover

 

365,253

410,975

Other income

 

750

375

Cost of raw materials and consumables

 

(15,088)

(16,235)

Staff costs

 

(220,445)

(158,738)

Depreciation and other amounts written off assets

 

(3,467)

(3,697)

Other charges

 

(76,902)

(80,436)

Profit before tax

 

50,101

152,244

Taxation

 

(10,518)

(31,244)

Profit for the year

 

39,583

121,000

 

Cannon And Company Accountants Limited

(Registration number: 07505876)
Balance Sheet as at 31 March 2017

Note

2017
£

2016
£

Fixed assets

 

185,285

61,636

Current assets

 

150,631

284,642

Prepayments and accrued income

 

1,600

2,458

Creditors: Amounts falling due within one year

 

(42,402)

(66,650)

Net current assets

 

109,829

220,450

Total assets less current liabilities

 

295,114

282,086

Creditors: Amounts falling due after more than one year

 

(100,000)

(124,947)

Accruals and deferred income

 

(2,535)

(563)

   

192,579

156,576

Capital and reserves

 

192,579

156,576

 

Cannon And Company Accountants Limited

(Registration number: 07505876)
Balance Sheet as at 31 March 2017

Notes to the Financial Statements for the Year Ended 31 March 2017

1

General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
C/O Cannons Accountants
Unit F Kingsmead
Park Farm
Folkestone
Kent
CT19 5EU
United Kingdom

These financial statements were authorised for issue by the Board on 20 October 2017.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

 

Cannon And Company Accountants Limited

(Registration number: 07505876)
Balance Sheet as at 31 March 2017

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 20 October 2017 and signed on its behalf by:
 

.........................................

Mr Ian Strachan

Director