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
Cedar Direct Limited
Statement of financial position
as at 30 September 2024
Tangible assets
396,424
390,199
Inventories
185,514
130,921
Cash at bank and in hand
246,884
362,069
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
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
Cedar Direct Limited
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
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
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
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
34,416
24,189
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
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).