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COMPANY REGISTRATION NUMBER: 03321923
Cedar Technologies (1997) Limited
Filleted Unaudited Financial Statements
30 April 2024
Cedar Technologies (1997) Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
3,467
2,999
Current assets
Debtors
6
130,255
23,790
Cash at bank and in hand
29,885
54,928
---------
--------
160,140
78,718
Creditors: amounts falling due within one year
7
139,534
52,541
---------
--------
Net current assets
20,606
26,177
--------
--------
Total assets less current liabilities
24,073
29,176
--------
--------
Net assets
24,073
29,176
--------
--------
Capital and reserves
Called up share capital
990
990
Profit and loss account
23,083
28,186
--------
--------
Shareholders funds
24,073
29,176
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 August 2024 , and are signed on behalf of the board by:
Mr B Marcher
Director
Company registration number: 03321923
Cedar Technologies (1997) Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 5 Rectory House, Thame Road, Haddenham, Bucks, HP17 8DA, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on a discounted/an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
33% reducing balance
Office Equipment
-
33% reducing balance
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 May 2023
63,819
11,115
74,934
Additions
1,746
1,746
--------
--------
--------
At 30 April 2024
63,819
12,861
76,680
--------
--------
--------
Depreciation
At 1 May 2023
63,819
8,116
71,935
Charge for the year
1,278
1,278
--------
--------
--------
At 30 April 2024
63,819
9,394
73,213
--------
--------
--------
Carrying amount
At 30 April 2024
3,467
3,467
--------
--------
--------
At 30 April 2023
2,999
2,999
--------
--------
--------
6. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
125,954
19,956
Other debtors
4,301
3,834
---------
--------
130,255
23,790
---------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
31,004
28,503
Amounts owed to group undertakings and undertakings in which the company has a participating interest
100,000
Corporation tax
15,201
Social security and other taxes
5,030
5,337
Other creditors
3,500
3,500
---------
--------
139,534
52,541
---------
--------
8. Controlling party
The company is a 100% subsidiary of 'Cedar Technologies (Holdings) Limited' a company registered in the UK.