CED Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06592893 (England and Wales)

Financial Statements

for the Year Ended 31 May 2022

for

CED GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J E Reader

P D Reader

SECRETARY:

J E Reader

REGISTERED OFFICE:

Unit 2

Norman Way Industrial Park

Over

Cambridge

Cambridgeshire

CB24 5QE

REGISTERED NUMBER:

06592893 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Investment property

4

900,000

CURRENT ASSETS

Debtors

5

12,557

13,035

Investments

6

160

Cash at bank

687

298

13,404

13,493

CREDITORS

Amounts falling due within one year

7

33,263

20,264

NET CURRENT LIABILITIES

(19,859

)

(6,771

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

880,141

893,229

CAPITAL AND RESERVES

Called up share capital

8

140

Retained earnings

880,001

893,089

SHAREHOLDERS' FUNDS

880,141

893,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 April 2023 and were signed on its behalf by:

J E Reader - Director

1.	STATUTORY INFORMATION

CED Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2021

and 31 May 2022

900,000

NET BOOK VALUE

At 31 May 2022

900,000

At 31 May 2021

900,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

Amounts owed by group undertakings

12,557

13,035

6.	CURRENT ASSET INVESTMENTS

31.5.22

31.5.21

£

Shares in group undertakings

160

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

Other creditors

160

161

Directors' current accounts

33,103

20,103

33,263

20,264

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.22

31.5.21

value:

£

70

A Ordinary

£1

70

B Ordinary

£1

70

140

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £12,557 (2021: £13,035) from Cambridge Export Documents Ltd, a related party by virtue of the fact that it is under common control.

At the balance sheet date, the company owed the director £33,103 (2021: £20,103). The amount is interest free and repayable on demand.

CED Group Limited - Accounts to registrar (filleted) - small 23.1.2

CED Group Limited - Accounts to registrar (filleted) - small 23.1.2