CEDARTREE VENTURES LIMITED
Registered number: 04644746
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 14,761 18,452
Current assets
Stocks 4,570 4,373
Debtors 4 - 20,000
Cash at bank and in hand 125,938 89,912
130,508 114,285
Creditors: amounts falling due within one year 5 (43,124) (33,155)
Net current assets 87,384 81,130
Total assets less current liabilities 102,145 99,582
Creditors: amounts falling due after more than one year 6 (31,667) (50,000)
Net assets 70,478 49,582
Capital and reserves
Called up share capital 100 100
Profit and loss account 70,378 49,482
Shareholders' funds 70,478 49,582
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J. Allotey
Director
Approved by the board on 26 October 2023
CEDARTREE VENTURES LIMITED
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Plant and machinery etc Fixtures & Fittings Total
£ £ £
Cost
At 1 February 2022 113,490 51,649 165,139
At 31 January 2023 113,490 51,649 165,139
Depreciation
At 1 February 2022 111,916 34,771 146,687
Charge for the year 315 3,376 3,691
At 31 January 2023 112,231 38,147 150,378
Net book value
At 31 January 2023 1,259 13,502 14,761
At 31 January 2022 1,574 16,878 18,452
4 Debtors 2023 2022
£ £
Other debtors - 20,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 -
Trade creditors 1,554 1,793
Corporation tax 11,550 7,820
Other taxes and social security costs 12,020 15,542
Other creditors 8,000 8,000
43,124 33,155
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 31,667 50,000
7 Other information
CEDARTREE VENTURES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
23 Nesta Road
Woodford Green
Essex
IG8 9RG
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