1 April 2022 false No description of principal activity Taxfiler 2023.12 SC520484business:PrivateLimitedCompanyLtd2022-04-012023-03-31 SC5204842022-03-31 SC5204842022-04-012023-03-31 SC520484business:AuditExemptWithAccountantsReport2022-04-012023-03-31 SC520484business:AbridgedAccounts2022-04-012023-03-31 SC5204842023-03-31 SC520484business:Director12022-04-012023-03-31 SC520484business:RegisteredOffice2022-04-012023-03-31 SC5204842022-03-31 SC520484core:WithinOneYear2023-03-31 SC520484core:WithinOneYear2022-03-31 SC520484core:AfterOneYear2023-03-31 SC520484core:AfterOneYear2022-03-31 SC520484core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC520484core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 SC520484core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC520484core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 SC520484core:PreviouslyStatedAmount2023-03-31 SC520484core:PreviouslyStatedAmount2022-03-31 SC520484business:SmallEntities2022-04-012023-03-31 SC520484countries:Scotland2022-04-012023-03-31 SC520484core:LandBuildings2022-04-012023-03-31 SC520484core:PlantMachinery2022-04-012023-03-31 SC520484core:MotorVehicles2022-04-012023-03-31 SC520484core:FurnitureFittings2022-04-012023-03-31 SC520484core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-03-31 SC520484core:MotorVehiclescore:LeasedAssetsHeldAsLessee2022-03-31 SC520484core:BetweenOneFiveYears2023-03-31 SC520484core:BetweenOneFiveYears2022-03-31 SC5204842021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC520484 (Scotland)
Centurion Plumbing Services (Scotland) Ltd. Unaudited accounts for the year ended 31 March 2023
Centurion Plumbing Services (Scotland) Ltd. Unaudited accounts Contents
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Centurion Plumbing Services (Scotland) Ltd. Company Information for the year ended 31 March 2023
Director
A Ewen
Company Number
SC520484 (Scotland)
Registered Office
The Whins Ardendrain Kiltarlity Beauly IV4 7HS
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Centurion Plumbing Services (Scotland) Ltd. Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,414 
37,938 
Current assets
Inventories
5,500 
2,500 
Debtors
174,383 
113,087 
Cash at bank and in hand
8,960 
60,710 
188,843 
176,297 
Creditors: amounts falling due within one year
(206,476)
(184,056)
Net current liabilities
(17,633)
(7,759)
Total assets less current liabilities
16,781 
30,179 
Creditors: amounts falling due after more than one year
(9,644)
(13,609)
Provisions for liabilities
Deferred tax
(6,521)
(7,060)
Net assets
616 
9,510 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
516 
9,410 
Shareholders' funds
616 
9,510 
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 his 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 the year in accordance with Section 444(2A).
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 13 February 2024 and were signed on its behalf by
A Ewen Director Company Registration No. SC520484
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Centurion Plumbing Services (Scotland) Ltd. Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Centurion Plumbing Services (Scotland) Ltd. is a private company, limited by shares, registered in Scotland, registration number SC520484. The registered office is The Whins, Ardendrain, Kiltarlity, Beauly, IV4 7HS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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
20% straight line
Plant & machinery
20% straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
20-25% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Centurion Plumbing Services (Scotland) Ltd. Notes to the Accounts for the year ended 31 March 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
58,605 
Additions
6,157 
At 31 March 2023
64,762 
Depreciation
At 1 April 2022
20,667 
Charge for the year
9,681 
At 31 March 2023
30,348 
Net book value
At 31 March 2023
34,414 
At 31 March 2022
37,938 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
- 
6,622 
5
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
7,114 
Later than one year and not later than five years
13,750 
20,625 
13,750 
27,739 
6
Loans to directors
Included in other debtors is a loan to the director A Ewen of £58,470 (2022 - £42,261). The loan is unsecured, has no fixed terms for repayment, and bears interest at the statutory rate.
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Centurion Plumbing Services (Scotland) Ltd. Notes to the Accounts for the year ended 31 March 2023
7
Average number of employees
During the year the average number of employees was 12 (2022: 10).
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