Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falsetruetrueNo description of principal activity332023-05-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10913454 2023-05-01 2024-04-30 10913454 2022-05-01 2023-04-30 10913454 2024-04-30 10913454 2023-04-30 10913454 c:Director1 2023-05-01 2024-04-30 10913454 d:CurrentFinancialInstruments 2024-04-30 10913454 d:CurrentFinancialInstruments 2023-04-30 10913454 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10913454 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10913454 d:ShareCapital 2024-04-30 10913454 d:ShareCapital 2023-04-30 10913454 d:RetainedEarningsAccumulatedLosses 2024-04-30 10913454 d:RetainedEarningsAccumulatedLosses 2023-04-30 10913454 c:FRS102 2023-05-01 2024-04-30 10913454 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10913454 c:FullAccounts 2023-05-01 2024-04-30 10913454 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10913454 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 10913454









CEDARO LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
CEDARO LIMITED
REGISTERED NUMBER: 10913454

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
-
78

Debtors: amounts falling due within one year
 4 
7,960
8,792

Cash at bank and in hand
  
183,247
132,146

  
191,207
141,016

Creditors: amounts falling due within one year
 5 
(31,879)
(20,915)

Net current assets
  
 
 
159,328
 
 
120,101

Total assets less current liabilities
  
159,328
120,101

  

Net assets
  
159,328
120,101


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
159,228
120,001

  
159,328
120,101


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 November 2024.




P D Rider
Director

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
CEDARO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Cedaro Limited is a private company limited by shares incorporated in the United Kingdom with a company registration number of 10913454. The registered office is 16 Southgates Road, Great Yarmouth, Norfolk, NR30 3LJ. The company's principal activity is that of a communications provider, delivering; Mobile, Mobile broadband, VoIP, Fixed Line and Broadband solutions to businesses of all sizes.
The companies functional and presentation currency is GBP and rounded to the nearest pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has continued to trade profitably post year end and has increased cash resources and reserves considerably. The directors consider the company will continue to trade for the foreseeable future at these enhanced levels. The directors have considered a period of 12 months from the date of approval of the financial statements and on the basis of the post year end results have prepared the accounts on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of Services
Revenue in respect of the provision of mobile voice and data services, supply of SIM and data connectivity services, VoIP and fixed line telecommunication services are recognised over the period in which the service relates, as long as:
- the revenue can be measured reliably; and 
- it is probable that the Company will receive the consideration due under the contract. 
Sale of goods
Revenue in respect of the sale of hardware and disposal of hardware are recognised at the date of sale and disposal, as long as:
- the Company has transferred the significant risks and rewards of ownership to the buyer; 
- the Company retains neither continuing managerial involvement to the degree usually associated.

Page 2

 
CEDARO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
CEDARO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees



The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Debtors

2024
2023
£
£


Trade debtors
3,120
420

Prepayments and accrued income
4,840
8,372

7,960
8,792



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,436
3,427

Amounts owed to group undertakings
9,517
5,312

Corporation tax
13,153
8,047

Other taxation and social security
3,627
1,478

Other creditors
143
-

Accruals and deferred income
2,003
2,651

31,879
20,915



6.


Pension commitments

The Company through its related party Digital Phone Company Limited operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £895 (2023 - £744). Contributions totalling £20 (2023 - £17) were payable to the fund at the balance sheet date and are included in creditors.

Page 4

 
CEDARO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Controlling party

Digital Phone Holdings Ltd, a company incorporated in England, is the controlling party of Cedaro Limited, by virtue of its majority shareholding.

Page 5