IRIS Accounts Production v24.1.9.2 05983165 director 1.11.22 31.10.23 31.10.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059831652022-10-31059831652023-10-31059831652022-11-012023-10-31059831652021-10-31059831652021-11-012022-10-31059831652022-10-3105983165ns15:EnglandWales2022-11-012023-10-3105983165ns14:PoundSterling2022-11-012023-10-3105983165ns10:Director12022-11-012023-10-3105983165ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3105983165ns10:SmallEntities2022-11-012023-10-3105983165ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3105983165ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3105983165ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3105983165ns10:FullAccounts2022-11-012023-10-310598316512022-11-012023-10-3105983165ns10:RegisteredOffice2022-11-012023-10-3105983165ns5:CurrentFinancialInstruments2023-10-3105983165ns5:CurrentFinancialInstruments2022-10-3105983165ns5:Non-currentFinancialInstruments2023-10-3105983165ns5:Non-currentFinancialInstruments2022-10-3105983165ns5:ShareCapital2023-10-3105983165ns5:ShareCapital2022-10-3105983165ns5:RetainedEarningsAccumulatedLosses2023-10-3105983165ns5:RetainedEarningsAccumulatedLosses2022-10-3105983165ns5:NetGoodwill2022-11-012023-10-3105983165ns5:NetGoodwill2022-10-3105983165ns5:NetGoodwill2023-10-3105983165ns5:NetGoodwill2022-10-3105983165ns5:LeaseholdImprovements2022-10-3105983165ns5:FurnitureFittings2022-10-3105983165ns5:MotorVehicles2022-10-3105983165ns5:ComputerEquipment2022-10-3105983165ns5:LeaseholdImprovements2022-11-012023-10-3105983165ns5:FurnitureFittings2022-11-012023-10-3105983165ns5:MotorVehicles2022-11-012023-10-3105983165ns5:ComputerEquipment2022-11-012023-10-3105983165ns5:LeaseholdImprovements2023-10-3105983165ns5:FurnitureFittings2023-10-3105983165ns5:MotorVehicles2023-10-3105983165ns5:ComputerEquipment2023-10-3105983165ns5:LeaseholdImprovements2022-10-3105983165ns5:FurnitureFittings2022-10-3105983165ns5:MotorVehicles2022-10-3105983165ns5:ComputerEquipment2022-10-3105983165ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3105983165ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3105983165ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-10-3105983165ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-10-3105983165ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-10-3105983165ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-10-3105983165ns5:Secured2023-10-3105983165ns5:Secured2022-10-31
REGISTERED NUMBER: 05983165 (England and Wales)



















Financial Statements

for the Year Ended 31 October 2023

for

Cedar Financial Planning Limited

Cedar Financial Planning Limited (Registered number: 05983165)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cedar Financial Planning Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: M I Smith





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 05983165 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Cedar Financial Planning Limited (Registered number: 05983165)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 76,769 99,266
Tangible assets 5 78,863 87,652
155,632 186,918

CURRENT ASSETS
Debtors 6 18,078 1,090
Cash at bank 1,607 38,401
19,685 39,491
CREDITORS
Amounts falling due within one year 7 85,821 96,529
NET CURRENT LIABILITIES (66,136 ) (57,038 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,496

129,880

CREDITORS
Amounts falling due after more than one
year

8

(80,792

)

(120,930

)

PROVISIONS FOR LIABILITIES - (7,000 )
NET ASSETS 8,704 1,950

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 8,603 1,849
SHAREHOLDERS' FUNDS 8,704 1,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cedar Financial Planning Limited (Registered number: 05983165)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





M I Smith - Director


Cedar Financial Planning Limited (Registered number: 05983165)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Cedar Financial Planning Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of commissions earned during the period.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016 and clients purchased in 2022, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost
Motor vehicles - 25% on reducing balance
Improvements to property - 2% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 224,966
AMORTISATION
At 1 November 2022 125,700
Charge for year 22,497
At 31 October 2023 148,197
NET BOOK VALUE
At 31 October 2023 76,769
At 31 October 2022 99,266

Cedar Financial Planning Limited (Registered number: 05983165)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 52,110 12,087 46,990 7,142 118,329
Additions - 1,190 - - 1,190
At 31 October 2023 52,110 13,277 46,990 7,142 119,519
DEPRECIATION
At 1 November 2022 1,042 2,672 20,559 6,404 30,677
Charge for year 1,042 1,591 6,608 738 9,979
At 31 October 2023 2,084 4,263 27,167 7,142 40,656
NET BOOK VALUE
At 31 October 2023 50,026 9,014 19,823 - 78,863
At 31 October 2022 51,068 9,415 26,431 738 87,652

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,621 -
Prepayments and accrued income 457 1,090
18,078 1,090

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,624 28,089
Other loans 8,540 8,781
Hire purchase contracts 8,747 8,328
Trade creditors - 8,802
Tax 28,324 16,252
Social security and other taxes 1,491 1,404
Other creditors - 164
Director's loan account 11,391 23,029
Accrued expenses 1,704 1,680
85,821 96,529

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-5 years 22,222 42,202
Bank loans over 5 years 14,495 14,352
Other loans - 1-5 years 29,239 28,010
Other loans over 5 years 4,103 16,886
Hire purchase contracts 10,733 19,480
80,792 120,930

Cedar Financial Planning Limited (Registered number: 05983165)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 14,495 14,352
Other loans over 5 years 4,103 16,886
18,598 31,238

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 62,341 84,643
Hire purchase contracts 19,480 27,808
81,821 112,451

Bank loans are secured by fixed and floating charges over the undertaking and all property and assets present and future including goodwill uncalled capital buildings fixtures plant and machinery.

Hire purchase loans are secured against the assets to which they relate.