Acorah Software Products - Accounts Production 15.0.400 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03005541 Mr G L Simpson Mr G T Simpson Mr G L Simpson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03005541 2022-12-31 03005541 2023-12-31 03005541 2023-01-01 2023-12-31 03005541 frs-core:CurrentFinancialInstruments 2023-12-31 03005541 frs-core:Non-currentFinancialInstruments 2023-12-31 03005541 frs-core:FurnitureFittings 2023-12-31 03005541 frs-core:FurnitureFittings 2023-01-01 2023-12-31 03005541 frs-core:FurnitureFittings 2022-12-31 03005541 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 03005541 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 03005541 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03005541 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 03005541 frs-core:PlantMachinery 2023-12-31 03005541 frs-core:PlantMachinery 2023-01-01 2023-12-31 03005541 frs-core:PlantMachinery 2022-12-31 03005541 frs-core:ShareCapital 2023-12-31 03005541 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03005541 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03005541 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03005541 frs-bus:SmallEntities 2023-01-01 2023-12-31 03005541 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03005541 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03005541 frs-core:CostValuation 2022-12-31 03005541 frs-core:AdditionsToInvestments 2023-12-31 03005541 frs-core:CostValuation 2023-12-31 03005541 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 03005541 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 03005541 frs-core:ListedExchangeTraded 2023-12-31 03005541 frs-core:ListedExchangeTraded 2022-12-31 03005541 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-12-31 03005541 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2023-12-31 03005541 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 03005541 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-12-31 03005541 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 03005541 frs-core:UnlistedNon-exchangeTraded 2023-12-31 03005541 frs-core:UnlistedNon-exchangeTraded 2022-12-31 03005541 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 03005541 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 03005541 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 03005541 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 03005541 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 03005541 frs-bus:Director1 2023-01-01 2023-12-31 03005541 frs-bus:Director2 2023-01-01 2023-12-31 03005541 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 03005541 frs-countries:EnglandWales 2023-01-01 2023-12-31 03005541 2021-12-31 03005541 2022-12-31 03005541 2022-01-01 2022-12-31 03005541 frs-core:CurrentFinancialInstruments 2022-12-31 03005541 frs-core:Non-currentFinancialInstruments 2022-12-31 03005541 frs-core:ShareCapital 2022-12-31 03005541 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 03005541
Centralstate Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Minford Accountants
Moyola House, 31 Hawthorn Grove
York
YO31 7YA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03005541
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 216,588 214,161
Investments 5 973,420 473,420
1,190,008 687,581
CURRENT ASSETS
Debtors 6 3,155 4,261
Cash at bank and in hand 120,037 22,416
123,192 26,677
Creditors: Amounts Falling Due Within One Year 7 (33,024 ) (8,282 )
NET CURRENT ASSETS (LIABILITIES) 90,168 18,395
TOTAL ASSETS LESS CURRENT LIABILITIES 1,280,176 705,976
Creditors: Amounts Falling Due After More Than One Year 8 (973,454 ) (370,898 )
NET ASSETS 306,722 335,078
CAPITAL AND RESERVES
Called up share capital 9 53 53
Profit and Loss Account 306,669 335,025
SHAREHOLDERS' FUNDS 306,722 335,078
Page 1
Page 2
For the year ending 31 December 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G L Simpson
Director
26th July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Centralstate Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03005541 . The registered office is Moyola House, 31 Hawthorne Grove, York, YO31 7YA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Leasehold No depreciation
Plant & Machinery 15% reducing balance
Fixtures & Fittings 20% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 212,977 2,027 28,175 243,179
Additions - - 3,329 3,329
As at 31 December 2023 212,977 2,027 31,504 246,508
Depreciation
As at 1 January 2023 - 2,005 27,013 29,018
Provided during the period - 3 899 902
As at 31 December 2023 - 2,008 27,912 29,920
Net Book Value
As at 31 December 2023 212,977 19 3,592 216,588
As at 1 January 2023 212,977 22 1,162 214,161
5. Investments
Subsidiaries Listed Unlisted Total
£ £ £ £
Cost
As at 1 January 2023 472,754 - 666 473,420
Additions - 500,000 - 500,000
As at 31 December 2023 472,754 500,000 666 973,420
Provision
As at 1 January 2023 - - - -
As at 31 December 2023 - - - -
Net Book Value
As at 31 December 2023 472,754 500,000 666 973,420
As at 1 January 2023 472,754 - 666 473,420
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,808 4,000
Prepayments and accrued income 347 261
3,155 4,261
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,698 3,824
Corporation tax 2,866 1,400
Other creditors 23,000 833
Accruals and deferred income 2,460 2,225
33,024 8,282
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 869,848 285,031
Directors loan account 103,606 85,867
973,454 370,898
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 53 53
Page 5