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REGISTERED NUMBER: 05192843 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

CEDAR STONE HOMES LTD.

CEDAR STONE HOMES LTD. (REGISTERED NUMBER: 05192843)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CEDAR STONE HOMES LTD.

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: J Higginson
Mrs CEV Higginson



SECRETARY: J Higginson



REGISTERED OFFICE: Pegasus House
5 Winckley Court
Mount Street
Preston
Lancashire
PR1 8BU



REGISTERED NUMBER: 05192843 (England and Wales)



BANKERS: HSBC
PO Box 70
40 Fishergate
Preston
Lancashire
PR1 2DE

CEDAR STONE HOMES LTD. (REGISTERED NUMBER: 05192843)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 38,038 54,154

CURRENT ASSETS
Stocks 5 750,000 977,500
Debtors 6 28,878 26,000
Cash at bank and in hand 3,026 119,864
781,904 1,123,364
CREDITORS
Amounts falling due within one year 7 407,636 585,821
NET CURRENT ASSETS 374,268 537,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

412,306

591,697

CREDITORS
Amounts falling due after more than one
year

8

9,037

21,157
NET ASSETS 403,269 570,540

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 403,169 570,440
SHAREHOLDERS' FUNDS 403,269 570,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

CEDAR STONE HOMES LTD. (REGISTERED NUMBER: 05192843)

Balance Sheet - continued
31 JULY 2024



The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:





J Higginson - Director


CEDAR STONE HOMES LTD. (REGISTERED NUMBER: 05192843)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Cedar Stone Homes Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

CEDAR STONE HOMES LTD. (REGISTERED NUMBER: 05192843)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 150,588 36,825 4,101 191,514
Disposals (7,900 ) - - (7,900 )
At 31 July 2024 142,688 36,825 4,101 183,614
DEPRECIATION
At 1 August 2023 107,602 26,625 3,133 137,360
Charge for year 9,913 2,550 320 12,783
Eliminated on disposal (4,567 ) - - (4,567 )
At 31 July 2024 112,948 29,175 3,453 145,576
NET BOOK VALUE
At 31 July 2024 29,740 7,650 648 38,038
At 31 July 2023 42,986 10,200 968 54,154

CEDAR STONE HOMES LTD. (REGISTERED NUMBER: 05192843)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 56,400 18,325 74,725
DEPRECIATION
At 1 August 2023 27,225 10,594 37,819
Charge for year 7,294 1,933 9,227
At 31 July 2024 34,519 12,527 47,046
NET BOOK VALUE
At 31 July 2024 21,881 5,798 27,679
At 31 July 2023 29,175 7,731 36,906

5. STOCKS
2024 2023
£    £   
Work-in-progress 750,000 977,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 26,000 26,000
Prepayments 2,878 -
28,878 26,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,036 11,037
Trade creditors 12,459 30,257
Corporation Tax - 2
Social security and other taxes 21,384 (550 )
Other creditors 819 1,483
Loans 88,000 136,000
Directors' current accounts 147,851 301,505
Accruals and deferred income - 5,000
Accrued expenses 126,087 101,087
407,636 585,821

CEDAR STONE HOMES LTD. (REGISTERED NUMBER: 05192843)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 9,037 21,157