CEDAR BAY EVOLVE LTD

Company Registration Number:
13122858 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

CEDAR BAY EVOLVE LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Additional notes
Balance sheet notes

CEDAR BAY EVOLVE LTD

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 676,543 302,268
Cash at bank and in hand: 62,110 157,686
Total current assets: 738,653 459,954
Creditors: amounts falling due within one year: 4 ( 1,200,306 ) ( 918,238 )
Net current assets (liabilities): (461,653) (458,284)
Total assets less current liabilities: (461,653) ( 458,284)
Total net assets (liabilities): (461,653) (458,284)
Capital and reserves
Called up share capital: 200 200
Profit and loss account: (461,853 ) (458,484 )
Total Shareholders' funds: ( 461,653 ) (458,284)

The notes form part of these financial statements

CEDAR BAY EVOLVE LTD

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 21 November 2024
and signed on behalf of the board by:

Name: S D Fletcher
Status: Director

The notes form part of these financial statements

CEDAR BAY EVOLVE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CEDAR BAY EVOLVE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 14 11

CEDAR BAY EVOLVE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Debtors

2024 2023
£ £
Trade debtors 460,866 260,888
Prepayments and accrued income 212,144
Other debtors 3,533 41,380
Total 676,543 302,268

Other debtors includes : Amounts owed to related parties £Nil (2024) - £41,032 (2023)

CEDAR BAY EVOLVE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 665,273 632,224
Taxation and social security 123,495 82,814
Accruals and deferred income 400,096 199,292
Other creditors 11,442 3,908
Total 1,200,306 918,238

CEDAR BAY EVOLVE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Off balance sheet arrangements

Summary of transactions with entities with joint control or significant interest : Hermes Systems Ltd (a company also controlled by Mr R F Teagle, Mr F M Freeman and Mrs K L Teagle) – During the year, the company sold services for £14,656 and paid for services for £75,893 with Hermes Systems Ltd. The amount outstanding and included in creditors at the year-end is £294,497. Eagle Europe Ltd (a company also controlled by Mr R F Teagle, Mr F M Freeman and Mrs K L Teagle) – During the year, the company sold services for £32,335 and paid for services for £2,287 with Eagle Europe Ltd. The amount outstanding and included in debtors at the year-end is £981 and in creditors at the year-end is £268,208. Wavetree Ltd (a company also controlled by Mr R F Teagle, Mr F M Freeman and Mrs K L Teagle) – During the year, the company sold services for £20,696 and paid for services for £3,818 with Wavetree Ltd. The amount outstanding and included in debtors at the year-end is £504 and in creditors at the year-end is £315.