CERDIC FOUNDRIES LIMITED

Company Registration Number:
00975764 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

CERDIC FOUNDRIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

CERDIC FOUNDRIES LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 322,000 265,000
Total fixed assets: 322,000 265,000
Current assets
Stocks: 414,000 403,000
Debtors: 4 2,556,000 2,026,000
Cash at bank and in hand: 36,000 115,000
Total current assets: 3,006,000 2,544,000
Creditors: amounts falling due within one year: 5 (2,367,000) (1,732,000)
Net current assets (liabilities): 639,000 812,000
Total assets less current liabilities: 961,000 1,077,000
Creditors: amounts falling due after more than one year: 6 (95,000) 0
Total net assets (liabilities): 866,000 1,077,000
Capital and reserves
Called up share capital: 336,000 336,000
Revaluation reserve:75,00030,000
Profit and loss account: 525,000 711,000
Shareholders funds: 866,000 1,077,000

The notes form part of these financial statements

CERDIC FOUNDRIES LIMITED

Balance sheet statements

For the year ending 31 December 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 April 2025
and signed on behalf of the board by:

Name: Simon Furnell
Status: Director

The notes form part of these financial statements

CERDIC FOUNDRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

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

CERDIC FOUNDRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 60 55

CERDIC FOUNDRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 1,145,000
Additions 151,000
At 31 December 2024 1,296,000
Depreciation
At 01 January 2024 880,000
Charge for year 94,000
At 31 December 2024 974,000
Net book value
At 31 December 2024 322,000
At 31 December 2023 265,000

CERDIC FOUNDRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

CERDIC FOUNDRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

Advances under the sales invoice finance facility incur interest at a rate of 2.70% per annum (2023: 2.75%) over base rate, have no fixed repayment date and are secured by a debenture in respect of the Company incorporating a fixed and floating charge. The other loan of £nil (2023: £78,000) relates to the Coronavirus Business Interruption Loan Scheme (CBILS). Interest is charged at a rate of 3.80% (2023: 3.80%) over base rate per annum. The loan had a term of 4 years and was repayable in monthly instalments of £11,000. The first principal repayment was paid in August 2021. The loan was repaid in full during the year.

CERDIC FOUNDRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due after more than one year note

Obligations under finance leases and hire purchase contracts (note 10) 2024 £95000 2023 £0

CERDIC FOUNDRIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Revaluation reserve

2024
£
Balance at 01 January 2024 30,000
Surplus or deficit after revaluation (25,000)
Balance at 31 December 2024 5,000