Company Registration No. 10196985 (England and Wales)
Cedar Chipping Norton Limited
Unaudited accounts
for the year ended 31 March 2023
Cedar Chipping Norton Limited
Unaudited accounts
Contents
Cedar Chipping Norton Limited
Statement of financial position
as at 31 March 2023
Intangible assets
11,790
15,720
Tangible assets
36,444
47,084
Cash at bank and in hand
32
-
Creditors: amounts falling due within one year
(317,840)
(332,306)
Net current liabilities
(250,368)
(265,259)
Total assets less current liabilities
(202,134)
(202,455)
Creditors: amounts falling due after more than one year
(42,477)
(33,501)
Provisions for liabilities
Net liabilities
(245,448)
(236,793)
Called up share capital
100
100
Profit and loss account
(245,548)
(236,893)
Shareholders' funds
(245,448)
(236,793)
For the year ending 31 March 2023 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 director acknowledges her 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 and authorised for issue on 18 December 2023 and were signed on its behalf by
Mrs S J Moore
Director
Company Registration No. 10196985
Cedar Chipping Norton Limited
Notes to the Accounts
for the year ended 31 March 2023
Cedar Chipping Norton Limited is a private company, limited by shares, registered in England and Wales, registration number 10196985. The registered office is Unit 3, Canalside Business Park, Tramway Road, Banbury, Oxfordshire, OX16 5FA.
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.
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
4 years straight line
Plant & machinery
5 years straight line
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The accounts have been drawn up on a going concern basis. The company is dependent upon the continued support of its
creditors. The director does not consider that the support of its creditors is likely to be withdrawn.
If the going concern basis was not appropriate, adjustments would have to be made to reduce assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.
Cedar Chipping Norton Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
82,012
11,785
16,627
1,370
111,794
Disposals
-
(191)
-
-
(191)
At 31 March 2023
82,012
11,594
16,627
1,370
111,603
At 1 April 2022
39,333
10,467
13,725
1,185
64,710
Charge for the year
8,535
916
915
83
10,449
At 31 March 2023
47,868
11,383
14,640
1,268
75,159
At 31 March 2023
34,144
211
1,987
102
36,444
At 31 March 2022
42,679
1,318
2,902
185
47,084
Amounts falling due within one year
Amounts due from group undertakings etc.
8,917
-
Accrued income and prepayments
11,921
9,217
Other debtors
23,079
29,161
Amounts falling due after more than one year
Cedar Chipping Norton Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
10,236
Trade creditors
23,032
40,360
Amounts owed to group undertakings and other participating interests
231,546
169,431
Taxes and social security
-
27,570
Other creditors
6,947
14,747
Loans from directors
-
1,124
8
Creditors: amounts falling due after more than one year
2023
2022
The ultimate controlling party is Cedri Limited, incorporated in England and Wales, by virtue of its 100% holding of the company's issued share capital. The registered office of Cedri Limited is Unit 3, Canalside Business Park, Tramway Road, Banbury, OX16 5FA.
10
Average number of employees
During the year the average number of employees was 5 (2022: 6).
