Company registration number 04487717 (England and Wales)
CEDAR DOORS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
CEDAR DOORS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
CEDAR DOORS LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
856,766
879,040
Current assets
Stocks
111,476
136,998
Debtors
5
241,566
376,510
Cash at bank and in hand
264,874
427,820
617,916
941,328
Creditors: amounts falling due within one year
6
(151,934)
(346,655)
Net current assets
465,982
594,673
Total assets less current liabilities
1,322,748
1,473,713
Creditors: amounts falling due after more than one year
7
(25,844)
(15,000)
Provisions for liabilities
(30,003)
(27,622)
Net assets
1,266,901
1,431,091
Capital and reserves
Called up share capital
100
100
Revaluation reserve
344,487
344,487
Profit and loss reserves
922,314
1,086,504
Total equity
1,266,901
1,431,091
CEDAR DOORS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 June 2025 and are signed on its behalf by:
Mr A Humphreys
Director
Company registration number 04487717 (England and Wales)
CEDAR DOORS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Cedar Doors Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Prospect House, 1 Prospect Place, Pride Park, Derby, DE24 8HG. The company registration number is 04487717.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
4% straight line
Plant and machinery
20% reducing balance
Fixtures, fittings & equipment
10% reducing balance
Computer equipment
30% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CEDAR DOORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

CEDAR DOORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
11
11
4
Tangible fixed assets
Land and buildings Freehold
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost or valuation
At 1 April 2024
1,093,462
610,737
25,591
29,862
18,547
1,778,199
Additions
-
0
43,942
-
0
203
-
0
44,145
Disposals
-
0
(26,610)
-
0
-
0
-
0
(26,610)
At 31 March 2025
1,093,462
628,069
25,591
30,065
18,547
1,795,734
Depreciation and impairment
At 1 April 2024
326,228
515,798
22,472
16,223
18,438
899,159
Depreciation charged in the year
31,739
23,332
312
3,452
27
58,862
Eliminated in respect of disposals
-
0
(19,053)
-
0
-
0
-
0
(19,053)
At 31 March 2025
357,967
520,077
22,784
19,675
18,465
938,968
Carrying amount
At 31 March 2025
735,495
107,992
2,807
10,390
82
856,766
At 31 March 2024
767,234
94,939
3,119
13,639
109
879,040

Freehold land and buildings were revalued on an open market basis on 19 July 2013 by Musson Liggins.

Included in the cost of land and buildings is freehold land of £300,000 which is not depreciated.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
123,743
197,215
Other debtors
117,823
179,295
241,566
376,510
CEDAR DOORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,000
10,833
Trade creditors
40,530
133,297
Corporation tax
61,137
140,216
Other taxation and social security
13,814
4,465
Other creditors
26,453
57,844
151,934
346,655
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
5,000
15,000
Other creditors
20,844
-
0
25,844
15,000
8
Directors' transactions

Included within other debtors are the overdrawn directors loans as detailed below.

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Loan
2.25
561
(106,086)
-
107,770
2,245
Loan
2.25
(79,249)
(120,738)
(372)
128,980
(71,379)
Loan
2.25
3
(85,664)
-
85,700
39
(78,685)
(312,488)
(372)
322,450
(69,095)
9
Parent company

The company is under the joint control of Mr A Humphreys and Mr N Humphreys, directors and shareholders.

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