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 2021

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

93,962

103,712

Tangible assets

5

8,173

7,749

102,135

111,461

CURRENT ASSETS

Debtors

6

34,458

25,422

Cash at bank

61,190

5,684

95,648

31,106

CREDITORS

Amounts falling due within one year

7

(66,448

)

(37,074

)

NET CURRENT ASSETS/(LIABILITIES)

29,200

(5,968

)

TOTAL ASSETS LESS CURRENT LIABILITIES

131,335

105,493

CREDITORS

Amounts falling due after more than one year

8

(202,911

)

(160,292

)

NET LIABILITIES

(71,576

)

(54,799

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(71,676

)

(54,899

)

SHAREHOLDERS' FUNDS

(71,576

)

(54,799

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 November 2021 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 Statement of Income and Retained Earnings, 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 6 (2020 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

and 31 March 2021

210,962

AMORTISATION

At 1 April 2020

107,250

Charge for year

9,750

At 31 March 2021

117,000

NET BOOK VALUE

At 31 March 2021

93,962

At 31 March 2020

103,712

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2020

1,403

83,816

85,219

Additions

-

2,681

2,681

At 31 March 2021

1,403

86,497

87,900

DEPRECIATION

At 1 April 2020

-

77,470

77,470

Charge for year

-

2,257

2,257

At 31 March 2021

-

79,727

79,727

NET BOOK VALUE

At 31 March 2021

1,403

6,770

8,173

At 31 March 2020

1,403

6,346

7,749

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Other debtors

34,458

25,422

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

10,121

1,879

Taxation and social security

28,419

25,256

Other creditors

27,908

9,939

66,448

37,074

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans

202,911

160,292

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

202,911

160,292