Company Registration No. 06972283 (England and Wales)
CEDAR CONSTRUCTION (LINCOLN) LIMITED
Unaudited accounts
for the year ended 31 March 2024
CEDAR CONSTRUCTION (LINCOLN) LIMITED
Unaudited accounts
Contents
CEDAR CONSTRUCTION (LINCOLN) LIMITED
Company Information
for the year ended 31 March 2024
Company Number
06972283 (England and Wales)
Registered Office
111 High Street
Lincoln
Lincolnshire
LN5 7PY
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
CEDAR CONSTRUCTION (LINCOLN) LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
22,891
16,744
Cash at bank and in hand
70,402
85,101
Creditors: amounts falling due within one year
(15,751)
(25,648)
Net current assets
65,902
74,584
Total assets less current liabilities
88,793
91,328
Provisions for liabilities
Deferred tax
(3,452)
(2,284)
Called up share capital
100
100
Profit and loss account
85,241
88,944
Shareholders' funds
85,341
89,044
For the year ending 31 March 2024 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 7 August 2024 and were signed on its behalf by
David Knight
Director
Company Registration No. 06972283
CEDAR CONSTRUCTION (LINCOLN) LIMITED
Notes to the Accounts
for the year ended 31 March 2024
CEDAR CONSTRUCTION (LINCOLN) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06972283. The registered office is 111 High Street, Lincoln, Lincolnshire, LN5 7PY.
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 as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
25% Reducing balance
Fixtures & fittings
15% Reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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.
CEDAR CONSTRUCTION (LINCOLN) LIMITED
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
15,417
22,722
38,139
At 31 March 2024
27,397
22,722
50,119
At 1 April 2023
12,143
9,252
21,395
Charge for the year
3,814
2,019
5,833
At 31 March 2024
15,957
11,271
27,228
At 31 March 2024
11,440
11,451
22,891
At 31 March 2023
3,274
13,470
16,744
Amounts falling due within one year
Other debtors
10,735
14,944
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,739
7,388
Loans from directors
1,237
2,276
Deferred income
10,735
14,944
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Unsecured Loan from the Director
(2,277)
-
-
(2,277)
The director is prepared to support the business moving forward.
CEDAR CONSTRUCTION (LINCOLN) LIMITED
Notes to the Accounts
for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).