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Company Registration No. 10450016 (England and Wales)
Cedar Cars Reading Ltd Unaudited accounts for the year ended 31 October 2024
Cedar Cars Reading Ltd Unaudited accounts Contents
Page
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Cedar Cars Reading Ltd Company Information for the year ended 31 October 2024
Directors
Rifat Bashir Mahmood Ul Rashid
Company Number
10450016 (England and Wales)
Registered Office
99 Berkeley Avenue Reading Berkshire RG1 6HS UK
Accountants
TAXWIDE LTD 354 Oxford Road Reading Berkshire RG30 1AQ
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Cedar Cars Reading Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
51,587 
42,008 
Current assets
Cash at bank and in hand
67,313 
20,757 
Creditors: amounts falling due within one year
(49,339)
(36,856)
Net current assets/(liabilities)
17,974 
(16,099)
Net assets
69,561 
25,909 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
69,559 
25,907 
Shareholders' funds
69,561 
25,909 
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by
Rifat Bashir Director Company Registration No. 10450016
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Cedar Cars Reading Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Cedar Cars Reading Ltd is a private company, limited by shares, registered in England and Wales, registration number 10450016. The registered office is 99 Berkeley Avenue, Reading, Berkshire, RG1 6HS, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
18%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
84,335 
130 
1,506 
85,971 
Additions
20,987 
- 
- 
20,987 
At 31 October 2024
105,322 
130 
1,506 
106,958 
Depreciation
At 1 November 2023
42,542 
130 
1,291 
43,963 
Charge for the year
11,301 
- 
107 
11,408 
At 31 October 2024
53,843 
130 
1,398 
55,371 
Net book value
At 31 October 2024
51,479 
- 
108 
51,587 
At 31 October 2023
41,793 
- 
215 
42,008 
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Cedar Cars Reading Ltd Notes to the Accounts for the year ended 31 October 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
27,268 
9,937 
Other creditors
750 
4,200 
Loans from directors
21,321 
22,719 
49,339 
36,856 
6
Average number of employees
During the year the average number of employees was 20 (2023: 20).
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