Cedar Trading International Ltd
Registered number: 04798606
Statement of Financial Position
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 923 923
Current assets
Stocks 101,150 99,446
Debtors 5 38,570 54,266
Cash at bank and in hand 11,106 16,211
150,826 169,923
Creditors: amounts falling due within one year 6 (123,241) (112,833)
Net current assets 27,585 57,090
Total assets less current liabilities 28,508 58,013
Creditors: amounts falling due after more than one year 7 (23,965) (33,892)
Net assets 4,543 24,121
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,443 24,021
Shareholders' funds 4,543 24,121
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 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.
M Nelson
Director
Approved by the board on 3 November 2023
Cedar Trading International Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Inventories
Inventories 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.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees and directors 2023 2022
Number Number
Average number of directors and persons employed by the company 4 4
3 Government grants
The company has received government grants under the coronavirus job retention scheme. These grants are shown in the profit and loss for the period in which the related salary expenditure was incurred.

The company also received a business interruption payment relating to interest payable on a bounce back loan taken out in the period. The grant is shown in the the profit and loss in the period in which the related interest was incurred.
2023 2022
£ £
Grants received under the covid job retention scheme - 6,450
Business interruption payments - 313
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 5,615
Additions 308
At 28 February 2023 5,923
Depreciation
At 1 March 2022 4,692
Charge for the year 308
At 28 February 2023 5,000
Net book value
At 28 February 2023 923
At 28 February 2022 923
5 Debtors 2023 2022
£ £
Trade debtors 31,054 25,390
Prepayments 791 779
Other debtors 6,725 28,097
38,570 54,266
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,979 9,720
Trade creditors 37,120 14,186
Accruals 1,765 20,329
Other taxes and social security costs 15,244 4,423
Other creditors 59,133 64,175
123,241 112,833
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 23,965 33,892
8 Other information
Cedar Trading International Ltd is a private company limited by shares and incorporated in England. Its registered office is:
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
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