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Registered number: 12501918
CEDAR TREE PRE-SCHOOL LTD
Financial Statements
For The Year Ended 31 March 2024
The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Financial Statements
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr Steven Matthews
Mrs Karen Matthews
Miss Poppy Matthews
Company Number 12501918
Registered Office 1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Accountants The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Page 1
Page 2
Statement of Financial Position
Registered number: 12501918
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,695 2,202
1,695 2,202
CURRENT ASSETS
Debtors 5 6,912 19,644
Cash at bank and in hand 57,662 28,892
64,574 48,536
Creditors: Amounts Falling Due Within One Year 6 (54,827 ) (48,787 )
NET CURRENT ASSETS (LIABILITIES) 9,747 (251 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,442 1,951
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (263 ) (351 )
NET ASSETS 11,179 1,600
CAPITAL AND RESERVES
Called up share capital 9 30 30
Income Statement 11,149 1,570
SHAREHOLDERS' FUNDS 11,179 1,600
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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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Steven Matthews
Director
Mrs Karen Matthews
Director
Miss Poppy Matthews
Director
21st October 2024
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
CEDAR TREE PRE-SCHOOL LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12501918 . The registered office is 1 Tape Street, Cheadle, Stoke On Trent, Staffordshire, ST10 1BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10% on cost
Leasehold .
Plant & Machinery 25% on reducing balance
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 8)
10 8
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2023 493 3,999 4,492
As at 31 March 2024 493 3,999 4,492
Depreciation
As at 1 April 2023 139 2,151 2,290
Provided during the period 45 462 507
As at 31 March 2024 184 2,613 2,797
Net Book Value
As at 31 March 2024 309 1,386 1,695
As at 1 April 2023 354 1,848 2,202
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,442 1,194
Prepayments and accrued income 1,440 1,440
Other debtors 30 13,833
Other taxes and social security - 3,177
6,912 19,644
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 499 -
Other loans 1,500 1,500
Corporation tax 6,997 4,828
Other taxes and social security 2,927 -
Accruals and deferred income 14,964 16,413
Directors' loan accounts 27,940 26,046
54,827 48,787
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7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 263 351
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2023 351 351
Additions (88 ) (88)
Balance at 31 March 2024 263 263
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30 30
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