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Cedric's Chemist Limited
01652309
2016-07-31
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9408
38646
124871
100
100
0
78014
37349
37349
38646
124871
0
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358465
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397111
522767
45491
-80836
370119
468490
415610
387654
298442
205454
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22464
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351620
603603
25281
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326339
354989
0
200000
Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-Straight line over 15 years
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Land & Buildings
Straight line
0.0149
Fixtures & Fittings
Straight line
0.1000
Motor Vehicles
Straight line
0.2500
350000
350000
324719
301386
23333
706535
734205
475
-28145
380196
379216
22088
-21108
0
200000
-200000
1056535
1284205
475
-228145
704915
680602
-21108
45421
Ordinary
90
1
90
90
Ordinary Class 2
10
1
10
10
Ordinary
1
90
90
90
Ordinary Class 2
1
10
10
10
The overdrawn director's loan accounts balance of £57623 ( 2015 £22333 ) was fully repaid to the company within 9 months of the year end.
Post balance sheet events
After the year end Cedric's Chemist Limited became a wholly owned subsidiary of CCM Industries Limited, a company incorporated in the UK.
2017-04-27
A S Yeramian
Mrs C L Mkhitarian
Director
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Cedric's Chemist Limited
2015-08-01
2016-07-31
Cedric's Chemist Limited
2014-08-01
2015-07-31
Cedric's Chemist Limited
2014-07-31
Cedric's Chemist Limited
2015-07-31
Cedric's Chemist Limited
2015-07-31
Cedric's Chemist Limited
2016-07-31
2017-04-28