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Company Registration No. 02243025 (England and Wales)
Continental Cellulose UK Limited Unaudited accounts for the year ended 31 December 2023
Continental Cellulose UK Limited Unaudited accounts Contents
Page
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Continental Cellulose UK Limited Company Information for the year ended 31 December 2023
Director
S.J.Elliott
Secretary
J.Taylor
Company Number
02243025 (England and Wales)
Registered Office
The Byre North Weston Farm Thame Oxfordshire OX9 2HA
Accountants
Taylor Dutton Consultancy Limited 3 Beeches Walk Carshalton Beeches Surrey SM5 4JS
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Continental Cellulose UK Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Continental Cellulose UK Limited for the year ended 31 December 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Taylor Dutton Consultancy Limited Chartered Accountants 3 Beeches Walk Carshalton Beeches Surrey SM5 4JS 18 March 2024
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Continental Cellulose UK Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,599 
4,218 
Current assets
Debtors
537,515 
575,382 
Cash at bank and in hand
719,836 
877,518 
1,257,351 
1,452,900 
Creditors: amounts falling due within one year
(133,750)
(329,537)
Net current assets
1,123,601 
1,123,363 
Total assets less current liabilities
1,126,200 
1,127,581 
Provisions for liabilities
Deferred tax
(494)
(802)
Net assets
1,125,706 
1,126,779 
Capital and reserves
Called up share capital
100,000 
100,000 
Capital redemption reserve
100,000 
100,000 
Profit and loss account
925,706 
926,779 
Shareholders' funds
1,125,706 
1,126,779 
For the year ending 31 December 2023 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 March 2024 and were signed on its behalf by
S.J.Elliott Director Company Registration No. 02243025
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Continental Cellulose UK Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Continental Cellulose UK Limited is a private company, limited by shares, registered in England and Wales, registration number 02243025. The registered office is The Byre, North Weston Farm, Thame, Oxfordshire, OX9 2HA.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Fixtures & fittings
20% on a straight line basis
Pension costs
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Continental Cellulose UK Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
7,077 
17,222 
24,299 
Disposals
- 
(915)
(915)
At 31 December 2023
7,077 
16,307 
23,384 
Depreciation
At 1 January 2023
7,077 
13,004 
20,081 
Charge for the year
- 
1,619 
1,619 
On disposals
- 
(915)
(915)
At 31 December 2023
7,077 
13,708 
20,785 
Net book value
At 31 December 2023
- 
2,599 
2,599 
At 31 December 2022
- 
4,218 
4,218 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
139,178 
189,879 
Amounts due from group undertakings etc.
370,734 
365,824 
Accrued income and prepayments
14,296 
11,990 
Other debtors
13,307 
7,689 
537,515 
575,382 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
5,841 
7,213 
Taxes and social security
8,388 
53,112 
Loans from directors
2,000 
- 
Accruals
117,521 
269,212 
133,750 
329,537 
7
Transactions with related parties
At the year end, a balance of £370,734 was owed to Continental Cellulose UK Limited by its parent company, SJE Holdings Limited. This loan is interest free and is payable on demand.
8
Controlling party
Stephen Elliott has ultimate control by virtue of his shareholding in the parent company, SJE Holdings Limited.
9
Average number of employees
During the year the average number of employees was 5 (2022: 6).
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