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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
Page
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Cedar Chipping Norton Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,860 
11,790 
Tangible assets
47,692 
36,444 
55,552 
48,234 
Current assets
Inventories
17,541 
16,159 
Debtors
68,681 
51,281 
Cash at bank and in hand
110 
32 
86,332 
67,472 
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
Deferred tax
- 
(837)
Net liabilities
(243,648)
(245,448)
Capital and reserves
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
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Cedar Chipping Norton Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
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.
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Cedar Chipping Norton Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
39,300 
At 31 March 2024
39,300 
Amortisation
At 1 April 2023
27,510 
Charge for the year
3,930 
At 31 March 2024
31,440 
Net book value
At 31 March 2024
7,860 
At 31 March 2023
11,790 
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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,012 
462 
Amounts due from group undertakings etc.
- 
8,917 
Accrued income and prepayments
14,230 
11,921 
Other debtors
44,537 
23,079 
61,779 
44,379 
Amounts falling due after more than one year
Trade debtors
6,902 
6,902 
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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 
- 
VAT
64,580 
45,893 
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 
Accruals
3,458 
3,644 
Deferred income
6,915 
6,778 
258,102 
317,840 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
42,434 
42,477 
Obligations under finance leases and hire purchase contracts
19,009 
- 
Amounts owed to group undertakings and other participating interests
65,987 
- 
127,430 
42,477 
9
Controlling party
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).
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