Company Registration No. 01176926 (England and Wales)
Cerutti's Limited
Unaudited accounts
for the year ended 31 December 2024
Cerutti's Limited
Unaudited accounts
Contents
Cerutti's Limited
Company Information
for the year ended 31 December 2024
Directors
Mr A J Cerutti
Ms C Cerutti
Company Number
01176926 (England and Wales)
Registered Office
Station Square
Beverley
HU17 0AS
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors
Crown House, York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PF
Cerutti's Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
17,659
35,462
Creditors: amounts falling due within one year
(24,380)
(7,482)
Net current assets
23,962
46,844
Total assets less current liabilities
24,962
47,844
Creditors: amounts falling due after more than one year
-
(9,071)
Called up share capital
2,000
2,000
Profit and loss account
22,962
36,773
Shareholders' funds
24,962
38,773
For the year ending 31 December 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 3 March 2025 and were signed on its behalf by
Ms C Cerutti
Director
Company Registration No. 01176926
Cerutti's Limited
Notes to the Accounts
for the year ended 31 December 2024
Cerutti's Limited is a private company, limited by shares, registered in England and Wales, registration number 01176926. The registered office is Station Square, Beverley, HU17 0AS.
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.
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.
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
20% on cost
Motor vehicles
20% on cost
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
As a result of the anticipated future value of the freehold property, deferred tax has been measured at the prevailing rates effective at the time the potential gain may arise.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Cerutti's Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
5
Investments
Subsidiary undertakings
Valuation at 1 January 2024
1,000
Valuation at 31 December 2024
1,000
Amounts falling due within one year
Amounts due from group undertakings etc.
30,683
18,193
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,385
6,384
Taxes and social security
-
382
Loans from directors
13,000
-
8
Creditors: amounts falling due after more than one year
2024
2023
Cerutti's Limited
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
2,000 Ordinary shares of £1 each
2,000
2,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
11
Transactions with related parties
CERUTTI 2 LTD
A company of which Cerutti Ltd is the 100% holding company sharing the same directors.
During the year the company sold goods and services totalling £9,488 (2023: £16,000)
During the year the company purchased goods and services totalling £nil (2023: £nil)
During the year the company re-charged storage, pensions costs and motor expenses of £nil (2023 : £5,733)
The amount owed by the related party at the year end was (£30,683) (2023: £18,193).
12
Average number of employees
During the year the average number of employees was 2 (2023: 2).