REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
31 DECEMBER 2021 |
FOR |
COMPANY FOR ELECTRONIC INDUSTRIAL |
AUTOMATION (CEIA) LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
31 DECEMBER 2021 |
FOR |
COMPANY FOR ELECTRONIC INDUSTRIAL |
AUTOMATION (CEIA) LIMITED |
COMPANY FOR ELECTRONIC INDUSTRIAL |
AUTOMATION (CEIA) LIMITED (REGISTERED NUMBER: 08520648) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 3 |
COMPANY FOR ELECTRONIC INDUSTRIAL |
AUTOMATION (CEIA) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
Director: |
Secretary: |
Registered office: |
Registered number: |
Auditors: |
Charetered Accountants |
Estate House |
Evesham Street |
Worcestershire |
B97 4HP |
Accountants: |
1623 Warwick Road |
Knowle |
Solihull |
West Midlands |
B93 9LF |
COMPANY FOR ELECTRONIC INDUSTRIAL |
AUTOMATION (CEIA) LIMITED (REGISTERED NUMBER: 08520648) |
BALANCE SHEET |
31 DECEMBER 2021 |
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
COMPANY FOR ELECTRONIC INDUSTRIAL |
AUTOMATION (CEIA) LIMITED (REGISTERED NUMBER: 08520648) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
1. | STATUTORY INFORMATION |
Company For Electronic Industrial Automation (CEIA) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions between group companies. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Long leasehold | - |
Improvements to property | - |
Plant and machinery | - |
Fixtures & Fittings | - |
Motor vehicles | - |
Office equipment | - |
Tangible fixed assets are stated at cost less depreciation. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
COMPANY FOR ELECTRONIC INDUSTRIAL |
AUTOMATION (CEIA) LIMITED (REGISTERED NUMBER: 08520648) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
2. | ACCOUNTING POLICIES - continued |
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. |
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. |
Operating leases |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Improvements |
Long | to | Plant and |
leasehold | property | machinery |
£ | £ | £ |
Cost |
At 1 January 2021 |
Additions |
At 31 December 2021 |
Depreciation |
At 1 January 2021 |
Charge for year |
At 31 December 2021 |
Net book value |
At 31 December 2021 |
At 31 December 2020 |
COMPANY FOR ELECTRONIC INDUSTRIAL |
AUTOMATION (CEIA) LIMITED (REGISTERED NUMBER: 08520648) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixtures | Motor | Office |
& Fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
Cost |
At 1 January 2021 |
Additions |
At 31 December 2021 |
Depreciation |
At 1 January 2021 |
Charge for year |
At 31 December 2021 |
Net book value |
At 31 December 2021 |
At 31 December 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
COMPANY FOR ELECTRONIC INDUSTRIAL |
AUTOMATION (CEIA) LIMITED (REGISTERED NUMBER: 08520648) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 320,204 | 368,287 |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2021 | 2020 |
£ | £ |
Between one and five years |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2021 | 2020 |
£ | £ |
Bank loans |
Lloyds Bank PLC holds a fixed & floating charge dated 10 July 2017 over all property & assets present & future, including goodwill, book debts, uncalled capital, buildings, fixtures & fixed plant & machinery and a general pledge. |
The bank also holds a 1st legal charge dated 08 September 2017 over the leasehold property known as Unit 7 Adams Way, Springfield Business Park, Alcester. |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the auditors was unqualified. |
for and on behalf of |
COMPANY FOR ELECTRONIC INDUSTRIAL |
AUTOMATION (CEIA) LIMITED (REGISTERED NUMBER: 08520648) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
11. | ULTIMATE CONTROLLING PARTY |
The company is under the control of Costruzioni Elettroniche Industriali Automatismi S.p.A. C.E.I.A. S.p.A. by virtue of a controlling interest of 100% of the issued ordinary share capital. |
Copies of the parent company's financial statements can be obtained from Costruzioni Elettroniche Industriali Automatismi S.p.A, Zona Industriale, 54, 52041, Viciomaggio AR, Italy. |
The ultimate parent company is CEIA di Manneschi Giovanni & Benedetti Rosanna S.R.L. |
The director does not consider there to be any single controlling party. |