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REGISTERED NUMBER: 08844718 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

CENTRECO (UK) LIMITED

CENTRECO (UK) LIMITED (REGISTERED NUMBER: 08844718)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CENTRECO (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr J P Williams
Mr A J Dunleavy
Mrs E F Brotherton
Mr D S P Little
Mr P J Williams





REGISTERED OFFICE: 1st Floor Allday House
Warrington Road
Birchwood
Warrington
Lancashire
WA3 6GR





REGISTERED NUMBER: 08844718 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY

CENTRECO (UK) LIMITED (REGISTERED NUMBER: 08844718)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 481,584 326,914

CURRENT ASSETS
Stocks 18,740 -
Debtors 5 5,387,921 2,133,125
Cash at bank 2,909,324 1,089,612
8,315,985 3,222,737
CREDITORS
Amounts falling due within one year 6 5,351,523 2,629,405
NET CURRENT ASSETS 2,964,462 593,332
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,446,046

920,246

CREDITORS
Amounts falling due after more than one year 7 (338,120 ) (299,656 )

PROVISIONS FOR LIABILITIES (120,397 ) (52,080 )
NET ASSETS 2,987,529 568,510

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,987,429 568,410
SHAREHOLDERS' FUNDS 2,987,529 568,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

CENTRECO (UK) LIMITED (REGISTERED NUMBER: 08844718)

BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 19 February 2024 and were signed on its behalf by:





Mr A J Dunleavy - Director


CENTRECO (UK) LIMITED (REGISTERED NUMBER: 08844718)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Centreco (UK) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08844718 and its registered office is at 1st Floor Allday House, Warrington Road, Birchwood, WA3 6GR.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration. In respect of the latter, turnover represents a proportion of total expected contract revenue compared to actual costs incurred to the balance sheet date, calculated to represent the forecast margin expected on completion of the contract. The resultant provisions for unbilled income or income billed in advance are included in notes 5 and 6 respectively, as accrued income and accrued expenses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

CENTRECO (UK) LIMITED (REGISTERED NUMBER: 08844718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

2. ACCOUNTING POLICIES - continued

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 63 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 60,169 5,098 293,680 15,695 374,642
Additions 67,531 1,858 212,809 7,560 289,758
Disposals - - (40,392 ) - (40,392 )
At 31 May 2023 127,700 6,956 466,097 23,255 624,008
DEPRECIATION
At 1 June 2022 6,357 4,053 28,257 9,061 47,728
Charge for year 22,339 1,164 86,392 3,241 113,136
Eliminated on disposal - - (18,440 ) - (18,440 )
At 31 May 2023 28,696 5,217 96,209 12,302 142,424
NET BOOK VALUE
At 31 May 2023 99,004 1,739 369,888 10,953 481,584
At 31 May 2022 53,812 1,045 265,423 6,634 326,914

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022 53,400 272,625 326,025
Additions 54,900 182,178 237,078
Disposals - (40,392 ) (40,392 )
At 31 May 2023 108,300 414,411 522,711
DEPRECIATION
At 1 June 2022 1,115 19,014 20,129
Charge for year 21,323 78,230 99,553
Eliminated on disposal - (18,440 ) (18,440 )
At 31 May 2023 22,438 78,804 101,242
NET BOOK VALUE
At 31 May 2023 85,862 335,607 421,469
At 31 May 2022 52,285 253,611 305,896

CENTRECO (UK) LIMITED (REGISTERED NUMBER: 08844718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 2,173,111 896,177
Amounts owed by group undertakings - 1,000,000
Other debtors 3,214,810 236,948
5,387,921 2,133,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 111,744 27,159
Trade creditors 1,221,080 782,122
Taxation and social security 1,773,287 414,247
Other creditors 2,235,412 1,395,877
5,351,523 2,629,405

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 25,000 35,000
Hire purchase contracts 313,120 264,656
338,120 299,656

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Hire purchase contracts 424,864 291,815

9. POST BALANCE SHEET EVENTS

On 13 July 2023 the reporting entity's parent company, Array Investments Limited, became a wholly owned subsidiary of Centreco Group Holdings Limited.

Centreco Group Holdings Limited is registered in England and Wales.