Company Registration No. 04352274 (England and Wales)
Cherry Tree Events Limited
Unaudited accounts
for the year ended 29 February 2024
Cherry Tree Events Limited
Unaudited accounts
Contents
Cherry Tree Events Limited
Company Information
for the year ended 29 February 2024
Directors
N R W Edwards
L A Edwards
Company Number
04352274 (England and Wales)
Registered Office
Redwood
Hillside Drive
Gravesend
Kent
DA12 1NY
Accountants
King & Taylor
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Cherry Tree Events Limited
Statement of financial position
as at 29 February 2024
Tangible assets
27,364
27,011
Inventories
183,926
167,140
Cash at bank and in hand
25,070
24,037
Creditors: amounts falling due within one year
(161,869)
(129,422)
Net current assets
58,070
94,386
Total assets less current liabilities
85,434
121,397
Creditors: amounts falling due after more than one year
(30,234)
(34,783)
Called up share capital
1
1
Profit and loss account
55,199
86,613
Shareholders' funds
55,200
86,614
For the year ending 29 February 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 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 of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
N R W Edwards
Director
Company Registration No. 04352274
Cherry Tree Events Limited
Notes to the Accounts
for the year ended 29 February 2024
Cherry Tree Events Limited is a private company, limited by shares, registered in England and Wales, registration number 04352274. The registered office is Redwood, Hillside Drive, Gravesend, Kent, DA12 1NY.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
10% straight line basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
20-25% reducing balance basis
Computer equipment
20% straight line basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Cherry Tree Events Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
28,858
17,900
11,188
2,894
60,840
Additions
-
6,346
353
1,185
7,884
At 29 February 2024
28,858
24,246
11,541
4,079
68,724
At 1 March 2023
15,973
10,784
6,582
490
33,829
Charge for the year
2,886
2,921
1,016
708
7,531
At 29 February 2024
18,859
13,705
7,598
1,198
41,360
At 29 February 2024
9,999
10,541
3,943
2,881
27,364
At 28 February 2023
12,885
7,116
4,606
2,404
27,011
Amounts falling due within one year
Accrued income and prepayments
4,079
3,350
Other debtors
6,642
26,846
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,495
5,495
Trade creditors
10,374
15,628
Amounts owed to group undertakings and other participating interests
3,703
2,586
Taxes and social security
3,124
8,931
Other creditors
86,517
72,758
Loans from directors
33,214
-
7
Creditors: amounts falling due after more than one year
2024
2023
Cherry Tree Events Limited
Notes to the Accounts
for the year ended 29 February 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors
26,846
-
26,846
-
9
Average number of employees
During the year the average number of employees was 13 (2023: 13).