Registered number
13360414
CeCe & Ted Ltd
Filleted Accounts
30 April 2024
CeCe & Ted Ltd
Registered number: 13360414
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 33,600 38,400
Tangible assets 4 1,062 694
34,662 39,094
Current assets
Stocks 10,147 15,088
Debtors 5 1,073 428
Cash at bank and in hand 9,666 3,089
20,886 18,605
Net current assets 20,886 18,605
Total assets less current liabilities 55,548 57,699
Creditors: amounts falling due after more than one year 6 (103,883) (91,015)
Provisions for liabilities (202) -
Net liabilities (48,537) (33,316)
Capital and reserves
Called up share capital 1 1
Profit and loss account (48,538) (33,317)
Shareholder's funds (48,537) (33,316)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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 and delivered 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.
Georgie Kelly
Director
Approved by the board on 3 September 2024
CeCe & Ted Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 3 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks 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 (which is usually the invoice 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 (which is usually the invoice 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 48,000
At 30 April 2024 48,000
Amortisation
At 1 May 2023 9,600
Provided during the year 4,800
At 30 April 2024 14,400
Net book value
At 30 April 2024 33,600
At 30 April 2023 38,400
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 1,000
Additions 710
At 30 April 2024 1,710
Depreciation
At 1 May 2023 306
Charge for the year 342
At 30 April 2024 648
Net book value
At 30 April 2024 1,062
At 30 April 2023 694
5 Debtors 2024 2023
£ £
Other debtors 1,073 428
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 103,883 91,015
7 Going Concerns
The business has the full support of the shareholder and as such the director believes the business to be a going concern.
8 Other information
CeCe & Ted Ltd is a private company limited by shares and incorporated in England. Its registered office is:
New Southworth Hall
Cuerdale Lane
Samlesbury
Preston
PR5 0UY
CeCe & Ted Ltd 13360414 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts October 2023 release 2 Georgie Kelly No description of principal activity 13360414 2022-05-01 2023-04-30 13360414 core:AfterOneYear 2023-04-30 13360414 core:ShareCapital 2023-04-30 13360414 core:RetainedEarningsAccumulatedLosses 2023-04-30 13360414 2023-05-01 2024-04-30 13360414 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13360414 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13360414 bus:Director40 2023-05-01 2024-04-30 13360414 1 2023-05-01 2024-04-30 13360414 2 2023-05-01 2024-04-30 13360414 core:Goodwill 2023-05-01 2024-04-30 13360414 core:PlantMachinery 2023-05-01 2024-04-30 13360414 countries:England 2023-05-01 2024-04-30 13360414 bus:FRS102 2023-05-01 2024-04-30 13360414 bus:FullAccounts 2023-05-01 2024-04-30 13360414 2024-04-30 13360414 core:AfterOneYear 2024-04-30 13360414 core:ShareCapital 2024-04-30 13360414 core:RetainedEarningsAccumulatedLosses 2024-04-30 13360414 core:Goodwill 2024-04-30 13360414 core:PlantMachinery 2024-04-30 13360414 2023-04-30 13360414 core:Goodwill 2023-04-30 13360414 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure