Cedar Systems Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02602376 (England and Wales)

Financial Statements

for the Year Ended 30 June 2018

for

Cedar Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L James

J Phelps

SECRETARY:

J Phelps

REGISTERED OFFICE:

Cedar House

Station Road

Chepstow

Gwent

NP16 5PB

REGISTERED NUMBER:

02602376 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Tangible assets

4

397

-

CURRENT ASSETS

Debtors

5

6,957

1,168

Cash at bank

30,830

48,263

37,787

49,431

CREDITORS

Amounts falling due within one year

6

28,257

29,726

NET CURRENT ASSETS

9,530

19,705

TOTAL ASSETS LESS CURRENT LIABILITIES

9,927

19,705

PROVISIONS FOR LIABILITIES

75

-

NET ASSETS

9,852

19,705

CAPITAL AND RESERVES

Called up share capital

52

52

Retained earnings

9,800

19,653

SHAREHOLDERS' FUNDS

9,852

19,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 24 October 2018 and were signed on its behalf by:

J Phelps - Director

1.	STATUTORY INFORMATION

Cedar Systems 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Where maintenance income is invoiced in advance, the relevant proportion is carried forward as deferred

income and released to profit and loss in the appropriate accounting period in order to match it with the relevant

costs for that period.

Tangible fixed assets

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

Furniture, fixtures and fittings

-

10% on cost

Computer equipment

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 (2017 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Furniture,

fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2017

3,388

1,199

4,587

Additions

-

529

529

At 30 June 2018

3,388

1,728

5,116

DEPRECIATION

At 1 July 2017

3,388

1,199

4,587

Charge for year

-

132

132

At 30 June 2018

3,388

1,331

4,719

NET BOOK VALUE

At 30 June 2018

-

397

397

At 30 June 2017

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

5,037

-

Other debtors

1,920

1,168

6,957

1,168

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade creditors

1,165

3,524

Other creditors

27,092

26,202

28,257

29,726