Company Registration No. 10514438 (England and Wales)
Cani London Ltd
Unaudited accounts
for the year ended 31 December 2022
Cani London Ltd
Unaudited accounts
Contents
Cani London Ltd
Company Information
for the year ended 31 December 2022
Company Number
10514438 (England and Wales)
Registered Office
Flat 5, Romagna
Truro Road
London
N22 8DS
England
Cani London Ltd
Statement of financial position
as at 31 December 2022
Tangible assets
2,799
4,321
Cash at bank and in hand
25,886
30,189
Creditors: amounts falling due within one year
(45,709)
(38,837)
Net current liabilities
(11,660)
(2,901)
Total assets less current liabilities
(8,861)
1,420
Provisions for liabilities
Net (liabilities)/assets
(9,676)
605
Called up share capital
100
100
Profit and loss account
(9,776)
505
Shareholders' funds
(9,676)
605
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 August 2023 and were signed on its behalf by
Alfred Cani
Director
Company Registration No. 10514438
Cani London Ltd
Notes to the Accounts
for the year ended 31 December 2022
Cani London Ltd is a private company, limited by shares, registered in England and Wales, registration number 10514438. The registered office is Flat 5, Romagna, Truro Road, London, N22 8DS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Straight Line Method - 20%
Fixtures & fittings
Straight Line Method - 25%
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2022
7,000
486
7,486
At 31 December 2022
7,000
486
7,486
At 1 January 2022
2,800
365
3,165
Charge for the year
1,400
122
1,522
At 31 December 2022
4,200
487
4,687
At 31 December 2022
2,800
(1)
2,799
At 31 December 2021
4,200
121
4,321
Cani London Ltd
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
34,915
44,676
Trade creditors
3,252
(3,846)
Taxes and social security
13,122
6,270
Loans from directors
(9,357)
(9,120)
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
During the year, the director of the company owes £9,356 to the company.
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).