Cannons Heating Services Limited FILLETED ACCOUNTS COVER
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Company No. 08272490
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Cannons Heating Services Limited DIRECTORS REPORT REGISTRAR
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The Director presents his report and the accounts for the year ended 31 October 2017.
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Principal activities
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Director
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The Director who served at any time during the year was as follows:
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T.C. Cannon
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Signed on behalf of the board
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T.C. Cannon
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Director
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09 February 2018
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Cannons Heating Services Limited BALANCE SHEET REGISTRAR
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at
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Company No.
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Notes
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2017
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2016
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£
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£
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Fixed assets
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Intangible assets
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2
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Tangible assets
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3
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Current assets
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Debtors
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4
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Cash at bank and in hand
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Creditors: Amount falling due within one year
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5
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(
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(
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Net current assets/(liabilities)
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(
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Total assets less current liabilities
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Creditors: Amounts falling due after more than one year
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6
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(
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(
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Net assets
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Capital and reserves
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Called up share capital
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Profit and loss account
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7
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Total equity
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As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
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Approved by the board on 09 February 2018
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And signed on its behalf by:
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T.C. Cannon
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Director
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Cannons Heating Services Limited NOTES TO THE ACCOUNTS REGISTRAR
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for the year ended 31 October 2017
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1
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Accounting policies
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Basis of preparation
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Turnover
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Intangible fixed assets
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Taxation
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The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. |
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Tangible fixed assets and depreciation
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At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. |
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Computer equipment
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Large tools
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Motor vehicles
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Office equipment
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Trade and other debtors
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Trade and other creditors
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2
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Intangible fixed assets
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Goodwill
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Total
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£
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£
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Cost
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At 1 November 2016
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At 31 October 2017
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Amortisation and impairment
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At 1 November 2016
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At 31 October 2017
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Net book values
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At 31 October 2017
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At 31 October 2016
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3
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Tangible fixed assets
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Computer equipment
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Large tools
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Motor vehicles
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Office equipment
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Total
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£
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£
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£
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£
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£
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Cost or revaluation
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At 1 November 2016
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At 31 October 2017
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Depreciation
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At 1 November 2016
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Charge for the year
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At 31 October 2017
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Net book values
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At 31 October 2017
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At 31 October 2016
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4
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Debtors
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2017
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2016
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£
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£
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Trade debtors
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Other debtors
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Prepayments and accrued income
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5
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Creditors:
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amounts falling due within one year
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2017
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2016
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£
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£
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Obligations under finance lease and hire purchase contracts
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Trade creditors
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Corporation tax
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Other taxes and social security
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Loans from directors
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Accruals and deferred income
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6
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Creditors:
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amounts falling due after more than one year
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2017
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2016
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£
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£
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Obligations under finance lease and hire purchase contracts
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7
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Reserves
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8
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Dividends
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2017
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2016
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£
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£
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Dividends for the period:
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Dividends paid in the period
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12,000
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21,500
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Dividends by type:
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Equity dividends
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12,000
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21,500
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9
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Related party disclosures
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2017
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2016
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Transactions with related parties
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£
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£
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Name of related party
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Description of relationship between the parties
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Director
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Amount due from/(to) the related party
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(189)
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(6,007)
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Provision for doubtful debts due from the related party
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-
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-
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Amounts written off in the period in respect of debts from/(to) the related party
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-
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-
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Controlling parties
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Immediate controlling party
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Ultimate controlling party
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T C Cannon
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10
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Additional information
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Its registered number is:
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Its registered office is:
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