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Company Registration No. 10755716 (England and Wales)
Cedar Direct Limited Unaudited accounts for the year ended 30 September 2024
Cedar Direct Limited Unaudited accounts Contents
Page
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Cedar Direct Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
396,424 
390,199 
Current assets
Inventories
185,514 
130,921 
Debtors
19,963 
11,866 
Cash at bank and in hand
246,884 
362,069 
452,361 
504,856 
Creditors: amounts falling due within one year
(176,187)
(251,753)
Net current assets
276,174 
253,103 
Total assets less current liabilities
672,598 
643,302 
Creditors: amounts falling due after more than one year
(100,379)
(145,836)
Provisions for liabilities
Deferred tax
(26,527)
(24,970)
Net assets
545,692 
472,496 
Capital and reserves
Called up share capital
900 
900 
Profit and loss account
544,792 
471,596 
Shareholders' funds
545,692 
472,496 
For the year ending 30 September 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 25 March 2025 and were signed on its behalf by
Mr S Tilling Director Company Registration No. 10755716
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Cedar Direct Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Cedar Direct Limited is a private company, limited by shares, registered in England and Wales, registration number 10755716. The registered office is 2 Bailey Hill, Castle Cary, Somerset, BA7 7AD, United Kingdom.
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
These financial statements for the year ended 30 September 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
Depreciated at 25% reducing balance
Motor vehicles
Depreciated at 25% reducing balance
Fixtures & fittings
Depreciated at 25% reducing balance
Computer equipment
Depreciated at 33% Straight line
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Cedar Direct Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 October 2023
290,314 
161,911 
9,695 
53,925 
16,962 
532,807 
Additions
- 
31,900 
- 
4,587 
765 
37,252 
Disposals
- 
(15,000)
- 
- 
(4,355)
(19,355)
At 30 September 2024
290,314 
178,811 
9,695 
58,512 
13,372 
550,704 
Depreciation
At 1 October 2023
- 
94,015 
5,470 
27,875 
15,248 
142,608 
Charge for the year
- 
18,764 
1,056 
7,074 
1,482 
28,376 
On disposals
- 
(12,349)
- 
- 
(4,355)
(16,704)
At 30 September 2024
- 
100,430 
6,526 
34,949 
12,375 
154,280 
Net book value
At 30 September 2024
290,314 
78,381 
3,169 
23,563 
997 
396,424 
At 30 September 2023
290,314 
67,896 
4,225 
26,050 
1,714 
390,199 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,811 
8,831 
Amounts due from group undertakings etc.
127 
- 
Accrued income and prepayments
3,025 
3,035 
19,963 
11,866 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
34,416 
24,189 
VAT
18,228 
37,455 
Trade creditors
88,155 
126,092 
Amounts owed to group undertakings and other participating interests
- 
30,132 
Taxes and social security
22,471 
6,333 
Other creditors
1,698 
1,601 
Loans from directors
8,110 
3,382 
Accruals
3,109 
8,501 
Deferred income
- 
14,068 
176,187 
251,753 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
100,379 
145,836 
8
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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