Company Registration No. 02718642 (England and Wales)
CEDAR HOUSE CONSTRUCTION LIMITED
Unaudited accounts
for the year ended 31 March 2022
CEDAR HOUSE CONSTRUCTION LIMITED
Unaudited accounts
Contents
CEDAR HOUSE CONSTRUCTION LIMITED
Company Information
for the year ended 31 March 2022
Directors
Thomas Hadley Wiseman
Emily Wiseman
Company Number
02718642 (England and Wales)
Registered Office
CEDAR HOUSE 20B LEDMORE ROAD
CHARLTON KINGS
CHELTENHAM
GLOS
GL53 8RA
CEDAR HOUSE CONSTRUCTION LIMITED
Statement of financial position
as at 31 March 2022
Cash at bank and in hand
448,411
701,045
Creditors: amounts falling due within one year
(4,580)
(145,857)
Net current assets
445,289
555,188
Total assets less current liabilities
445,289
572,163
Creditors: amounts falling due after more than one year
-
(50,000)
Provisions for liabilities
Net assets
445,289
519,027
Called up share capital
2
2
Profit and loss account
445,287
519,025
Shareholders' funds
445,289
519,027
For the year ending 31 March 2022 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 28 April 2022 and were signed on its behalf by
Thomas Hadley Wiseman
Director
Company Registration No. 02718642
CEDAR HOUSE CONSTRUCTION LIMITED
Notes to the Accounts
for the year ended 31 March 2022
CEDAR HOUSE CONSTRUCTION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02718642. The registered office is CEDAR HOUSE 20B LEDMORE ROAD, CHARLTON KINGS, CHELTENHAM, GLOS, GL53 8RA. The company is in the process of being wound up.
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 break-up basis:
- assets are written down to the net realisable value ?the estimated selling price less costs to complete and sell'
- long term liabilities are reclassified as short term ones
- provision is made for onerous contracts
The company has made the decision to cease trading effective 31 March 2022. The company is going to be put under solvent voluntary liquidation. Therefore, the directors have prepared these financial statements on a break-up basis, as the basis of preparation
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
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
COVID-19 grants are recognised as Other operating income according to GAAP
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.
CEDAR HOUSE CONSTRUCTION LIMITED
Notes to the Accounts
for the year ended 31 March 2022
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2021
26,012
10,200
36,212
Disposals
(26,656)
(10,200)
(36,856)
At 1 April 2021
19,237
-
19,237
On disposals
(19,237)
-
(19,237)
At 31 March 2021
6,775
10,200
16,975
5
Debtors: amounts falling due within one year
2022
2021
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
(326)
1,297
Taxes and social security
-
22,831
Loans from directors
76
110,229
CEDAR HOUSE CONSTRUCTION LIMITED
Notes to the Accounts
for the year ended 31 March 2022
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 4 (2021: 4).
