Cedarlea Practice Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07000765 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Cedarlea Practice Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P Govender

REGISTERED OFFICE:

4 Station Avenue

Tile Hill

Coventry

United Kingdom

CV4 9HS

REGISTERED NUMBER:

07000765 (England and Wales)

ACCOUNTANTS:

Sachdevs

Chartered Accountants

4 Station Avenue

Tile Hill

Coventry

West Midlands

CV4 9HS

FIXED ASSETS

Intangible assets

4

103,712

113,462

Tangible assets

5

7,749

9,865

111,461

123,327

CURRENT ASSETS

Debtors

6

25,422

36,940

Cash at bank

5,684

12,285

31,106

49,225

CREDITORS

Amounts falling due within one year

7

(37,074

)

(35,665

)

NET CURRENT (LIABILITIES)/ASSETS

(5,968

)

13,560

TOTAL ASSETS LESS CURRENT LIABILITIES

105,493

136,887

CREDITORS

Amounts falling due after more than one year

8

(160,292

)

(173,142

)

NET LIABILITIES

(54,799

)

(36,255

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(54,899

)

(36,355

)

SHAREHOLDERS' FUNDS

(54,799

)

(36,255

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2020 and were signed by:

Mr P Govender - Director

1.	STATUTORY INFORMATION

Cedarlea Practice Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty one years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

210,962

AMORTISATION

At 1 April 2019

97,500

Charge for year

9,750

At 31 March 2020

107,250

NET BOOK VALUE

At 31 March 2020

103,712

At 31 March 2019

113,462

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2019

and 31 March 2020

1,403

83,816

85,219

DEPRECIATION

At 1 April 2019

-

75,354

75,354

Charge for year

-

2,116

2,116

At 31 March 2020

-

77,470

77,470

NET BOOK VALUE

At 31 March 2020

1,403

6,346

7,749

At 31 March 2019

1,403

8,462

9,865

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

25,422

36,940

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

-

365

Trade creditors

1,879

9,202

Taxation and social security

25,256

18,341

Other creditors

9,939

7,757

37,074

35,665

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans

160,292

173,142

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

160,292

173,142