CECIL & LARTER LIMITED

Company Registration Number:
01299054 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

CECIL & LARTER LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

CECIL & LARTER LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,256,703 1,521,178
Total fixed assets: 1,256,703 1,521,178
Current assets
Stocks: 0 1,287,686
Debtors: 4 1,114,993 1,208,537
Cash at bank and in hand: 0 2,532
Total current assets: 1,114,993 2,498,755
Creditors: amounts falling due within one year: 5 (620,720) (2,191,708)
Net current assets (liabilities): 494,273 307,047
Total assets less current liabilities: 1,750,976 1,828,225
Creditors: amounts falling due after more than one year:   (760,228) (601,982)
Provision for liabilities: (62,747) (106,050)
Total net assets (liabilities): 928,001 1,120,193
Capital and reserves
Called up share capital: 49,200 49,200
Share premium account: 19,534 19,534
Revaluation reserve:6186,496186,496
Other reserves: 42,750 42,750
Profit and loss account: 630,021 822,213
Shareholders funds: 928,001 1,120,193

The notes form part of these financial statements

CECIL & LARTER LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 September 2024
and signed on behalf of the board by:

Name: Mr Ray Cawston
Status: Director

The notes form part of these financial statements

CECIL & LARTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Intangible fixed assets and amortisation policy

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Valuation and information policy

(Investments) Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. (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. (Cash and cash equivalents) Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CECIL & LARTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 34 45

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. (1) Freehold buildings over 50 years, (2) Leasehold land and buildings over the lease term, (3)Plant and Machinery 25% Reducing balance, (4) Computers 25% straight line, (5) Motor vehicles 25% reducing balance, (6) Fixtures, fittings tools and equipment 25% Reducing balance. The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

CECIL & LARTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 3,149,691
Additions 10,206
Disposals (1,140,283)
At 31 December 2023 2,019,614
Depreciation
At 01 January 2023 1,628,513
Charge for year 97,212
On disposals (962,814)
At 31 December 2023 762,911
Net book value
At 31 December 2023 1,256,703
At 31 December 2022 1,521,178

CECIL & LARTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 1,096,791 1,026,957

CECIL & LARTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

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.

CECIL & LARTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Revaluation reserve

2023
£
Balance at 01 January 2023 186,496
Surplus or deficit after revaluation 0
Balance at 31 December 2023 186,496

CECIL & LARTER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Financial commitments

Total future minimum payments under non cancellable operating leases. 2023 (Nil) 2022 £54,167