CENTRAL MACHINERY LIMITED

Company Registration Number:
04591912 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

CENTRAL MACHINERY LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2021

Balance sheet
Notes

CENTRAL MACHINERY LIMITED

Balance sheet

As at 30 November 2021


Notes

2021

2020


£

£
Fixed assets
Tangible assets: 3 121,976 153,181
Total fixed assets: 121,976 153,181
Current assets
Stocks: 385,353 484,090
Debtors:   182,639 98,069
Cash at bank and in hand: 340,805 20,884
Total current assets: 908,797 603,043
Creditors: amounts falling due within one year: 4 (442,708) (362,646)
Net current assets (liabilities): 466,089 240,397
Total assets less current liabilities: 588,065 393,578
Creditors: amounts falling due after more than one year: 5 (425,866) (231,812)
Provision for liabilities: (4,823) (10,537)
Total net assets (liabilities): 157,376 151,229
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 157,374 151,227
Shareholders funds: 157,376 151,229

The notes form part of these financial statements

CENTRAL MACHINERY LIMITED

Balance sheet statements

For the year ending 30 November 2021 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 August 2022
and signed on behalf of the board by:

Name: J Blackmore
Status: Director

The notes form part of these financial statements

CENTRAL MACHINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Income is recognised when goods have been delivered to customers such that risks and rewards ofownership have transferred to them.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulatedimpairment losses. Depreciation is provided at rates calculated to write off the cost less estimated residualvalue of each asset over its expected useful life, as follows:Freehold property 1% of costPlant & equipment 20% of net book valueMotor vehicles 25% of net book value

Valuation and information policy

Stock is valued at the lower of cost and net realisable value.At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amountis reduced to its selling price less costs to complete and sell. The impairment loss is recognisedimmediately in the profit and loss account.

Other accounting policies

DebtorsShort term debtors are measured at transaction price, less any impairment.CreditorsShort term creditors are measured at the transaction price.Deferred taxationDeferred taxation is provided on the liability method to take account of timing differences between thetreatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred oraccelerated is accounted for in respect of all material timing differences.Financial instrumentsThe company only enters into basic financial instruments transactions that result in the recognition offinancial assets and liabilities such as trade and other debtors and creditors, loans from other third partiesand loans to/from related parties.

CENTRAL MACHINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

2. Employees

2021 2020
Average number of employees during the period 3 4

CENTRAL MACHINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Tangible Assets

Total
Cost £
At 01 December 2020 220,467
Disposals (58,828)
At 30 November 2021 161,639
Depreciation
At 01 December 2020 67,286
Charge for year 31,205
On disposals (58,828)
At 30 November 2021 39,663
Net book value
At 30 November 2021 121,976
At 30 November 2020 153,181

CENTRAL MACHINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Creditors: amounts falling due within one year note

The aggregate amount included within creditors - amounts falling due within one year for which security has been given amounts to £107,852 (2020 £234,135).

CENTRAL MACHINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

5. Creditors: amounts falling due after more than one year note

The aggregate amount included within creditors - amounts falling due after one year for which security has been given amounts to £425,866 (2020 £231,812).

CENTRAL MACHINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

6. Related party transactions

Name of the related party:
Relationship:
Company under common control
Description of the Transaction: Loan to related party
£
Balance at 01 December 2020 25,000
Balance at 30 November 2021 20,947