Company Registration No. 10196985 (England and Wales)
Cedar Chipping Norton Limited
Unaudited accounts
for the year ended 31 March 2024
Cedar Chipping Norton Limited
Unaudited accounts
Contents
Cedar Chipping Norton Limited
Statement of financial position
as at 31 March 2024
Intangible assets
7,860
11,790
Tangible assets
47,692
36,444
Cash at bank and in hand
110
32
Creditors: amounts falling due within one year
(258,102)
(317,840)
Net current liabilities
(171,770)
(250,368)
Total assets less current liabilities
(116,218)
(202,134)
Creditors: amounts falling due after more than one year
(127,430)
(42,477)
Provisions for liabilities
Net liabilities
(243,648)
(245,448)
Called up share capital
100
100
Profit and loss account
(243,748)
(245,548)
Shareholders' funds
(243,648)
(245,448)
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 her 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 28 October 2024 and were signed on its behalf by
Mrs S J Moore
Director
Company Registration No. 10196985
Cedar Chipping Norton Limited
Notes to the Accounts
for the year ended 31 March 2024
Cedar Chipping Norton Limited is a private company, limited by shares, registered in England and Wales, registration number 10196985. The registered office is Unit 3, Canalside Business Park, Tramway Road, Banbury, Oxfordshire, OX16 5FA.
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:
Land & buildings
4 years straight line
Plant & machinery
5 years straight line
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The accounts have been drawn up on a going concern basis. The company is dependent upon the continued support of its
creditors. The director does not consider that the support of its creditors is likely to be withdrawn.
If the going concern basis was not appropriate, adjustments would have to be made to reduce assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.
Cedar Chipping Norton Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
82,012
11,594
16,627
1,370
111,603
Additions
8,022
11,856
140
-
20,018
At 31 March 2024
90,034
23,450
16,767
1,370
131,621
At 1 April 2023
47,868
11,383
14,640
1,268
75,159
Charge for the year
6,829
1,036
822
83
8,770
At 31 March 2024
54,697
12,419
15,462
1,351
83,929
At 31 March 2024
35,337
11,031
1,305
19
47,692
At 31 March 2023
34,144
211
1,987
102
36,444
Amounts falling due within one year
Amounts due from group undertakings etc.
-
8,917
Accrued income and prepayments
14,230
11,921
Other debtors
44,537
23,079
Amounts falling due after more than one year
Cedar Chipping Norton Limited
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
94
-
Trade creditors
36,799
23,032
Amounts owed to group undertakings and other participating interests
144,569
231,546
Other creditors
1,687
6,947
Deferred income
6,915
6,778
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
19,009
-
Amounts owed to group undertakings and other participating interests
65,987
-
The ultimate controlling party is Cedri Limited, incorporated in England and Wales, by virtue of its 100% holding of the company's issued share capital. The registered office of Cedri Limited is Unit 3, Canalside Business Park, Tramway Road, Banbury, OX16 5FA.
10
Average number of employees
During the year the average number of employees was 6 (2023: 5).