Company Registration No. 06279971 (England and Wales)
Canon Search Ltd
Unaudited accounts
for the year ended 30 September 2021
Canon Search Ltd
Unaudited accounts
Contents
Canon Search Ltd
Company Information
for the year ended 30 September 2021
Company Number
06279971 (England and Wales)
Registered Office
111 Sheen Road
London
TW9 1YJ
Accountants
Ambly Accountants Ltd
56 Amberley Gardens
Stoneleigh
Surrey
KT19 0NG
Canon Search Ltd
Statement of financial position
as at
30 September 2021
Investments
106,179
36,847
Cash at bank and in hand
30,988
39,566
Creditors: amounts falling due within one year
(64,318)
(72,457)
Net current assets
51,861
33,093
Net assets
158,403
69,940
Called up share capital
2
2
Profit and loss account
158,401
69,938
Shareholders' funds
158,403
69,940
For the year ending 30 September 2021 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 3 December 2021 and were signed on its behalf by
Mr T Metcalfe
Director
Company Registration No. 06279971
Canon Search Ltd
Notes to the Accounts
for the year ended 30 September 2021
Canon Search Ltd is a private company, limited by shares, registered in England and Wales, registration number 06279971. The registered office is 111 Sheen Road, London, TW9 1YJ.
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.
The accounts are presented in £ sterling.
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.
The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.
Computer equipment
Straight line over 3 years
Income is recognised when services have been provided.
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account.
Current and deferred taxation liabilities are not discounted.
(i) Current tax
Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of the tax rates and laws that have been enacted or substantively enacted by the period end.
(ii) Deferred tax
Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and are expected to apply to the reversal of the timing difference.
Investments in shares are included at fair value.
Canon Search Ltd
Notes to the Accounts
for the year ended 30 September 2021
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
5
Investments
Other investments
Valuation at 1 October 2020
36,847
Fair value adjustments
3,319
Valuation at 30 September 2021
106,179
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
69,516
54,300
Other debtors
15,675
11,684
7
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
63,424
42,457
Canon Search Ltd
Notes to the Accounts
for the year ended 30 September 2021
8
Share capital
2021
2020
Allotted, called up and fully paid:
1 Ordinary 'A' shares of £1 each
1
1
1 Ordinary 'B' shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
11,684
78,708
74,717
15,675
11,684
78,708
74,717
15,675
At the period end T Metcalfe owes the company £15,675 (2020 - £11,684). This amount is included in "Other debtors" in the debtors note. Interest is paid on the loan balance at the beneficial loan interest rate. The interest charge in the period is £810 (2020 - £698) and is included in Interest receivable.
10
Transactions with related parties
The total amount of dividends paid to the director in the year were £101,500 (2020 period - £153,002).
11
Average number of employees
During the year the average number of employees was 1 (2020: 1).