Company registration number 07077882 (England and Wales)
CENTIPOD NORTH EAST LTD.
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
CENTIPOD NORTH EAST LTD.
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CENTIPOD NORTH EAST LTD.
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Creditors: amounts falling due within one year
3
(2,428)
(1,924)
Net current liabilities
(2,428)
(1,924)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(2,429)
(1,925)
Total equity
(2,428)
(1,924)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 6 August 2024 and are signed on its behalf by:
J G P DEHLSEN
J G P Dehlsen
Director
Company Registration No. 07077882
CENTIPOD NORTH EAST LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Centipod North East Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is 64 Regent Street, Blyth, NE24 1LT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operation existence for the foreseeable future.
For finance they rely on the loans provided as disclosed in Note 4. In assessing going concern they have confirmed that these loans will not be repaid for the foreseeable future and, on that basis, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
1.3
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
3
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
2,428
1,924
CENTIPOD NORTH EAST LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
4
Related party transactions
Centipod LLC owns the share capital of Centipod North East Ltd. The company is controlled by the directors JGP Dehlsen and JB Dehlsen. Centipod LLC's principal place of business is 101 E. Victoria Street, Suite F, Santa Barbara, CA 93101, USA.
In the year to 31 December 2023 the company was advanced £480 from Ecomerit Technologies LLC, a company owned by the directors. At the year end the balance due by the company to Ecomerit Technologies LLC was £1,924 (2022: £1,444).
There are no set repayments terms, nor is interest charged on the outstanding balance due.