Company Registration No. 02326127 (England and Wales)
Cerutti 2 Limited
Unaudited accounts
for the year ended 31 December 2024
Cerutti 2 Limited
Unaudited accounts
Contents
Cerutti 2 Limited
Company Information
for the year ended 31 December 2024
Directors
Ms C Cerutti
Mr A J Cerutti
J E Leggott
Company Number
02326127 (England and Wales)
Registered Office
Station Square
Beverley
East Yorkshire
HU17 0AS
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors
Crown House, York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PF
Cerutti 2 Limited
Statement of financial position
as at 31 December 2024
Tangible assets
3,513
6,872
Cash at bank and in hand
41,772
64,833
Creditors: amounts falling due within one year
(76,789)
(93,711)
Net current liabilities
(16,459)
(17,940)
Total assets less current liabilities
(12,946)
(11,068)
Creditors: amounts falling due after more than one year
(5,734)
(15,842)
Net liabilities
(18,680)
(26,910)
Called up share capital
1,000
1,000
Profit and loss account
(19,680)
(27,910)
Shareholders' funds
(18,680)
(26,910)
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. 02326127
Cerutti 2 Limited
Notes to the Accounts
for the year ended 31 December 2024
Cerutti 2 Limited is a private company, limited by shares, registered in England and Wales, registration number 02326127. The registered office is Station Square, Beverley, East Yorkshire, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Land & buildings
Straightline over 25 years
Plant & machinery
20% on a straight line basis
Motor vehicles
25% on a reducing balance
Computer equipment
20% on straight line basis
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.
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.
Deferred tax assets and liabilities are not discounted.
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.
Cerutti 2 Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
58,695
87,189
1,500
956
148,340
At 31 December 2024
58,695
87,189
1,500
956
148,340
At 1 January 2024
58,695
82,390
-
383
141,468
Charge for the year
-
2,418
750
191
3,359
At 31 December 2024
58,695
84,808
750
574
144,827
At 31 December 2024
-
2,381
750
382
3,513
At 31 December 2023
-
4,799
1,500
573
6,872
Amounts falling due within one year
Amounts due from group undertakings etc.
8,735
-
Accrued income and prepayments
410
1,963
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
8,493
21,600
Amounts owed to group undertakings and other participating interests
35,683
19,408
Taxes and social security
7,677
6,651
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
Cerutti 2 Limited
Notes to the Accounts
for the year ended 31 December 2024
9
Transactions with related parties
C HORSE LTD
A company in which A J Cerutti and C Cerutti are directors and shareholders
During the year the company sold goods and services to C Horse Ltd totalling £NIL (2023 : £nil).
During the year the company purchased services from C Horse Ltd totalling £nil (2023 : £12,000).
The amount owed (to)/by C Horse Ltd at the year end was £(3,735) (2023 : £(1,215)
CERUTTI LTD
A company of which Cerutti 2 Ltd is a subsidiary.
During the year the company sold goods and services of £NIL (2023: £NIL)
During the year the company purchased goods and services of £9,488 (2023 : £16,000)
During the year the company re-charged storage, pension costs and motor expenses of £nil (2023 : £5,733)
The amount owed by/(to) the related party at the year end £(30,683) (2023 : (£(18,193))
The company's ultimate holding company is Cerutti's Limited, a company incorporated in England and Wales. The Company number of Cerutti's Ltd is 01176926.
11
Average number of employees
During the year the average number of employees was 9 (2023: 10).