CEDAR QUARTZ CONSULTING LIMITED
Registered number: 08460681
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 3,147 3,933
Current assets
Stocks 2,200 4,894
Cash at bank and in hand 20,970 30,534
23,170 35,428
Creditors: amounts falling due within one year 5 (14,062) (18,178)
Net current assets 9,108 17,250
Total assets less current liabilities 12,255 21,183
Creditors: amounts falling due after more than one year 6 (5,000) (10,000)
Net assets 7,255 11,183
Capital and reserves
Called up share capital 1 1
Profit and loss account 7,254 11,182
Shareholder's funds 7,255 11,183
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mary Leonard
Director
Approved by the board on 8 April 2025
CEDAR QUARTZ CONSULTING LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 1
3 Intangible fixed assets £
Goodwill:
Cost
Brought forward 25,000
At 31 December 2024 25,000
Amortisation
At 1 January 2024 25,000
At 31 December 2024 25,000
Net book value
At 31 December 2024 -
At 31 December 2023 (25,000)
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 15,000
At 31 December 2024 15,000
Depreciation
At 1 January 2024 11,067
Charge for the year 786
At 31 December 2024 11,853
Net book value
At 31 December 2024 3,147
At 31 December 2023 3,933
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,207 260
Trade creditors (350) -
Corporation tax (3) (3)
Other taxes and social security costs (161) 1,805
Other creditors 10,369 16,116
14,062 18,178
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 5,000 10,000
7 Other information
CEDAR QUARTZ CONSULTING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
105 Fore Street
Kingsbridge
Devon
TQ7 1AB
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