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COMPANY REGISTRATION NUMBER: 10548793
Central Plate Services Holdings Limited
Filleted Unaudited Financial Statements
31 March 2024
Central Plate Services Holdings Limited
Financial Statements
Year ended 31 March 2024
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3 to 5
Central Plate Services Holdings Limited
Officers and Professional Advisers
The board of directors
Mr T Horton
Mrs A R Horton
Registered office
Phoenix Works
Richards Street
Wednesbury
United Kingdom
WS10 8BZ
Accountants
BSN Associates Limited
Chartered accountants
3B Swallowfield Courtyard
Wolverhampton Road
Oldbury
West Midlands
B69 2JG
Central Plate Services Holdings Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
686,915
686,915
Current assets
Debtors
6
452,023
411,609
Creditors: amounts falling due within one year
7
103,864
103,864
---------
---------
Net current assets
348,159
307,745
------------
---------
Total assets less current liabilities
1,035,074
994,660
------------
---------
Capital and reserves
Called up share capital
8
5,512
5,512
Capital redemption reserve
9
4,488
4,488
Profit and loss account
9
1,025,074
984,660
------------
---------
Shareholders funds
1,035,074
994,660
------------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 July 2024 , and are signed on behalf of the board by:
Mr T Horton
Director
Company registration number: 10548793
Central Plate Services Holdings Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Phoenix Works, Richards Street, Wednesbury, United Kingdom, WS10 8BZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The length of reporting period has changed from 13 to 12 months as the company extended the period in the prior year and therefore comparatives are not entirely comparable.
Disclosure exemptions
The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No significant estimates or judgements have been made in preparing these accounts.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Particulars of employees
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
5. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
686,915
---------
Impairment
At 1 April 2023 and 31 March 2024
---------
Carrying amount
At 31 March 2024
686,915
---------
At 31 March 2023
686,915
---------
The company owns 100% of Central Plate Services Limited which is a company registered in England and Wales. Its principal activity is that of steel stockholding.
6. Debtors
2024
2023
£
£
Other debtors
452,023
411,609
---------
---------
Included in other debtors are loans due from directors, these are all interest free and unsecured.
7. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
103,864
Corporation tax
103,864
---------
---------
103,864
103,864
---------
---------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary A shares of £ 1 each
4,960
4,960
4,960
4,960
Ordinary D shares of £ 1 each
552
552
552
552
-------
-------
-------
-------
5,512
5,512
5,512
5,512
-------
-------
-------
-------
All shares rank equally except in relation to dividends, where dividends can be voted to each class of shares as the directors decide.
9. Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.
10. Directors' advances, credits and guarantees
At the period end the directors owed £348,159 (2023: £307,745) to the company, these loans are unsecured and interest free.
11. Related party transactions
During the period the company received dividends of £400,414 (2023: £563,863) from Central Plate Services Limited.
12. Controlling party
The company was under the control of Mr T Horton during the current and prior year.