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Company Registration No. 11020762 (England and Wales)
CENTURO GLOBAL LIMITED Unaudited accounts for the year ended 31 October 2023
CENTURO GLOBAL LIMITED Unaudited accounts Contents
Page
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CENTURO GLOBAL LIMITED Company Information for the year ended 31 October 2023
Directors
Z Ali A D Watts W J Flind A Bashir
Company Number
11020762 (England and Wales)
Registered Office
30 CHURCHILL PLACE LONDON E14 5RE ENGLAND
Accountants
Liberate Accountants Ltd Crown House, 27 Old Gloucester Street London WC1N 3AX
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of CENTURO GLOBAL LIMITED for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CENTURO GLOBAL LIMITED for the year ended 31 October 2023 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Liberate Accountants Ltd Chartered Certified Accountants Crown House, 27 Old Gloucester Street London WC1N 3AX 12 August 2024
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CENTURO GLOBAL LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
4,260 
Tangible assets
15,369 
10,244 
15,369 
14,504 
Current assets
Debtors
388,680 
304,832 
Cash at bank and in hand
2,197,624 
94,749 
2,586,304 
399,581 
Creditors: amounts falling due within one year
(330,777)
(370,218)
Net current assets
2,255,527 
29,363 
Total assets less current liabilities
2,270,896 
43,867 
Creditors: amounts falling due after more than one year
(8,031)
(313,333)
Net assets/(liabilities)
2,262,865 
(269,466)
Capital and reserves
Called up share capital
190 
125 
Share premium
3,832,585 
199,975 
Profit and loss account
(1,569,910)
(469,566)
Shareholders' funds
2,262,865 
(269,466)
For the year ending 31 October 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 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 of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by
Z Ali Director Company Registration No. 11020762
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CENTURO GLOBAL LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
CENTURO GLOBAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11020762. The registered office is 30 CHURCHILL PLACE, LONDON, E14 5RE, ENGLAND.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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:
Plant & machinery
25% Straight line
Computer equipment
25% Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
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CENTURO GLOBAL LIMITED Notes to the Accounts for the year ended 31 October 2023
Going concern
Upon reviewing the Balance Sheet and projected cash flows at the time of approval, the directors believe that, based on the financial support received, post-year-end expenditure rates, and adjustments to discretionary spending, the Company has enough resources to maintain operations and meet financial obligations for at least 12 months from the date these financial statements were signed. Thus, they have continued to prepare the financial statements on a going concern basis.
Restatement of 2022
The accounts have been restated to incorporate the impact of a misclassification of deferred income related to subscriptions and memberships and omission of several transactions from the books. The change has resulted in net assets at 31 October 2022 increasing by £35,358
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
21,300 
At 31 October 2023
21,300 
Amortisation
At 1 November 2022
17,040 
Charge for the year
4,260 
At 31 October 2023
21,300 
Net book value
At 31 October 2023
- 
At 31 October 2022
4,260 
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
2,202 
17,457 
19,659 
Additions
- 
11,848 
11,848 
At 31 October 2023
2,202 
29,305 
31,507 
Depreciation
At 1 November 2022
866 
8,549 
9,415 
Charge for the year
551 
6,172 
6,723 
At 31 October 2023
1,417 
14,721 
16,138 
Net book value
At 31 October 2023
785 
14,584 
15,369 
At 31 October 2022
1,336 
8,908 
10,244 
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CENTURO GLOBAL LIMITED Notes to the Accounts for the year ended 31 October 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
345,179 
262,363 
Accrued income and prepayments
29,398 
1,338 
Other debtors
14,103 
41,131 
388,680 
304,832 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,302 
5,000 
VAT
(30,727)
1,209 
Trade creditors
154,721 
104,184 
Taxes and social security
110,362 
36,710 
Loans from directors
(14,902)
188,108 
Accruals
77,577 
2,000 
Deferred income
28,444 
33,007 
330,777 
370,218 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
8,031 
313,333 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,902,806 Ordinary shares of £0.0001 each
190.28 
125.00 
Shares issued during the period:
652,806 Ordinary shares of £0.0001 each
65.28 
10
Loans to directors
The loan amounting to £14,902 was granted to the director. This was fully repaid by February 2024. The loan was unsecured and repayable on demand. The interest was charged as per the HMRC official rate.
11
Average number of employees
During the year the average number of employees was 15 (2022: 11).
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