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Company Registration No. 06573099 (England and Wales)
Cherry Professional Limited Unaudited accounts for the year ended 31 March 2024
Cherry Professional Limited Unaudited accounts Contents
Page
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Cherry Professional Limited Company Information for the year ended 31 March 2024
Directors
D N Asano M J Burnett
Company Number
06573099 (England and Wales)
Registered Office
St Nicholas Court 25-27 Castle Gate Nottingham Notts NG1 7AR
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Cherry Professional Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,656 
8,763 
Current assets
Debtors
1,214,434 
1,135,996 
Cash at bank and in hand
370,533 
505,313 
1,584,967 
1,641,309 
Creditors: amounts falling due within one year
(298,430)
(358,816)
Net current assets
1,286,537 
1,282,493 
Total assets less current liabilities
1,293,193 
1,291,256 
Provisions for liabilities
Deferred tax
(1,663)
(1,665)
Other provisions
(3,750)
- 
(5,413)
(1,665)
Net assets
1,287,780 
1,289,591 
Capital and reserves
Called up share capital
98 
98 
Capital redemption reserve
1,549 
1,549 
Profit and loss account
1,286,133 
1,287,944 
Shareholders' funds
1,287,780 
1,289,591 
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 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 7 May 2024 and were signed on its behalf by
D N Asano Director Company Registration No. 06573099
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Cherry Professional Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Cherry Professional Limited is a private company, limited by shares, registered in England and Wales, registration number 06573099. The registered office is St Nicholas Court, 25-27 Castle Gate, Nottingham, Notts, NG1 7AR.
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.
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:
Plant & machinery
33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Government grants
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.
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Cherry Professional Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
218,124 
Additions
3,380 
At 31 March 2024
221,504 
Depreciation
At 1 April 2023
209,361 
Charge for the year
5,487 
At 31 March 2024
214,848 
Net book value
At 31 March 2024
6,656 
At 31 March 2023
8,763 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
168,434 
225,974 
Amounts due from group undertakings etc.
988,950 
837,500 
Accrued income and prepayments
51,819 
67,291 
Other debtors
5,231 
5,231 
1,214,434 
1,135,996 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
41,230 
60,730 
Taxes and social security
148,693 
203,799 
Other creditors
4,044 
4,044 
Accruals
104,463 
90,243 
298,430 
358,816 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
1,663 
1,665 
2024 
2023 
£ 
£ 
Provision at start of year
1,665 
1,935 
Credited to the profit and loss account
(2)
(270)
Provision at end of year
1,663 
1,665 
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Cherry Professional Limited Notes to the Accounts for the year ended 31 March 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
49 A ordinary shares of £1 each
49 
49 
49 B ordinary shares of £1 each
49 
49 
98 
98 
9
Transactions with related parties
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
10
Controlling party
The company is wholly controlled by Cherry Professional Group Ltd. The place of business and registered office of Cherry Professional Group Ltd is St Nicholas Court, 25-27 Castle Gate, Nottingham, NG1 7AR.
11
Average number of employees
During the year the average number of employees was 27 (2023: 31).
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