IRIS Accounts Production v23.4.0.336 03764498 Board of Directors 1.8.22 31.7.23 31.7.23 0 0 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure037644982022-07-31037644982023-07-31037644982022-08-012023-07-31037644982021-07-31037644982021-08-012022-07-31037644982022-07-3103764498ns16:EnglandWales2022-08-012023-07-3103764498ns15:PoundSterling2022-08-012023-07-3103764498ns11:Director12022-08-012023-07-3103764498ns11:PrivateLimitedCompanyLtd2022-08-012023-07-3103764498ns11:SmallEntities2022-08-012023-07-3103764498ns11:AuditExempt-NoAccountantsReport2022-08-012023-07-3103764498ns11:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3103764498ns11:SmallCompaniesRegimeForAccounts2022-08-012023-07-3103764498ns11:FullAccounts2022-08-012023-07-3103764498ns11:OrdinaryShareClass12022-08-012023-07-3103764498ns11:Director22022-08-012023-07-3103764498ns11:Director32022-08-012023-07-3103764498ns11:CompanySecretary12022-08-012023-07-3103764498ns11:RegisteredOffice2022-08-012023-07-3103764498ns6:CurrentFinancialInstruments2023-07-3103764498ns6:CurrentFinancialInstruments2022-07-3103764498ns6:Non-currentFinancialInstruments2023-07-3103764498ns6:Non-currentFinancialInstruments2022-07-3103764498ns6:ShareCapital2023-07-3103764498ns6:ShareCapital2022-07-3103764498ns6:RetainedEarningsAccumulatedLosses2023-07-3103764498ns6:RetainedEarningsAccumulatedLosses2022-07-3103764498ns6:PlantMachinery2022-07-3103764498ns6:PlantMachinery2022-08-012023-07-3103764498ns6:PlantMachinery2023-07-3103764498ns6:PlantMachinery2022-07-3103764498ns6:WithinOneYearns6:CurrentFinancialInstruments2023-07-3103764498ns6:WithinOneYearns6:CurrentFinancialInstruments2022-07-3103764498ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-07-3103764498ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-07-3103764498ns11:OrdinaryShareClass12023-07-3103764498ns11:Director112022-07-3103764498ns11:Director112021-07-3103764498ns11:Director112022-08-012023-07-3103764498ns11:Director112021-08-012022-07-3103764498ns11:Director112023-07-3103764498ns11:Director112022-07-31037644982ns11:Director22022-07-31037644982ns11:Director22021-07-31037644982ns11:Director22022-08-012023-07-31037644982ns11:Director22021-08-012022-07-31037644982ns11:Director22023-07-31037644982ns11:Director22022-07-31
REGISTERED NUMBER: 03764498 (England and Wales)











Centro Webnet Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023






Centro Webnet Limited (Registered number: 03764498)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Centro Webnet Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: S Carter
S Garner
S J Griffiths





SECRETARY: S Carter





REGISTERED OFFICE: 17 Union Street
Bridgetown
Cannock
Staffordshire
WS11 0BY





REGISTERED NUMBER: 03764498 (England and Wales)





ACCOUNTANTS: Haines Watts Tamworth Limited
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Centro Webnet Limited (Registered number: 03764498)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,600 4,800

CURRENT ASSETS
Debtors 5 48,555 43,544
Cash at bank and in hand 10,744 7,843
59,299 51,387
CREDITORS
Amounts falling due within one year 6 15,255 12,774
NET CURRENT ASSETS 44,044 38,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,644

43,413

CREDITORS
Amounts falling due after more than one year 7 2,497 5,813
NET ASSETS 45,147 37,600

CAPITAL AND RESERVES
Called up share capital 9 150 150
Retained earnings 44,997 37,450
SHAREHOLDERS' FUNDS 45,147 37,600

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

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

Centro Webnet Limited (Registered number: 03764498)

Balance Sheet - continued
31 July 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 22 February 2024 and were signed on its behalf by:





S Carter - Director


Centro Webnet Limited (Registered number: 03764498)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Centro Webnet Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Centro Webnet Limited (Registered number: 03764498)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 6,400
DEPRECIATION
At 1 August 2022 1,600
Charge for year 1,200
At 31 July 2023 2,800
NET BOOK VALUE
At 31 July 2023 3,600
At 31 July 2022 4,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,075 38,064
Other debtors 11,480 5,480
48,555 43,544

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 1,399 2,090
Trade creditors 5,450 3,140
Taxation and social security 7,131 6,468
Other creditors 1,275 1,076
15,255 12,774

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 2,497 5,813

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,399 2,090

Centro Webnet Limited (Registered number: 03764498)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


8. LOANS - continued
2023 2022
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 2,497 5,813

The loan due has been taken under the government backed Bounce Back Loan Scheme. The government guarantees 100% of the finance to the lender and pays interest for the first 12 months after which the fixed rate of interest of 2.5% will be applied for the duration of the agreed repayment term of the loan.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
150 Ordinary shares £1 150 150

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
S Carter
Balance outstanding at start of year - -
Amounts advanced 3,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,000 -

S Garner
Balance outstanding at start of year - -
Amounts advanced 3,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,000 -

11. RELATED PARTY DISCLOSURES

During the year the company was invoiced by Centro Systems Limited £63,000 (2022- £60,000) for management charges. At the year end the company was owed £1,762 (2022- £4,230) by Centro Systems Limited. The directors of the company also own Centro Systems Limited.