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REGISTERED NUMBER: 03278655 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Centurion Leisure Limited

Centurion Leisure Limited (Registered number: 03278655)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Centurion Leisure Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: G E B Clifton





REGISTERED OFFICE: Centurion House
214 High Street
Hornchurch
Essex
RM12 6QP





REGISTERED NUMBER: 03278655 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

Centurion Leisure Limited (Registered number: 03278655)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,436 109,884

CURRENT ASSETS
Stocks 295,981 223,139
Debtors 5 209,630 193,461
Cash at bank 38,988 70,251
544,599 486,851
CREDITORS
Amounts falling due within one year 6 453,394 357,091
NET CURRENT ASSETS 91,205 129,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,641

239,644

CREDITORS
Amounts falling due after more than one year 7 (48,190 ) (86,648 )

ACCRUALS AND DEFERRED INCOME (5,000 ) (5,000 )
NET ASSETS 112,451 147,996

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 112,351 147,896
SHAREHOLDERS' FUNDS 112,451 147,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Centurion Leisure Limited (Registered number: 03278655)

Statement of Financial Position - continued
30 November 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 director and authorised for issue on 8 August 2024 and were signed by:





G E B Clifton - Director


Centurion Leisure Limited (Registered number: 03278655)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Centurion Leisure 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Centurion Leisure Limited (Registered number: 03278655)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 88,091 59,301 228,938 376,330
Additions 20,255 - 10,980 31,235
Disposals - - (125,414 ) (125,414 )
At 30 November 2023 108,346 59,301 114,504 282,151
DEPRECIATION
At 1 December 2022 81,069 58,103 127,274 266,446
Charge for year 6,819 299 17,068 24,186
Eliminated on disposal - - (82,917 ) (82,917 )
At 30 November 2023 87,888 58,402 61,425 207,715
NET BOOK VALUE
At 30 November 2023 20,458 899 53,079 74,436
At 30 November 2022 7,022 1,198 101,664 109,884

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 209,630 184,093
Other debtors - 9,368
209,630 193,461

Centurion Leisure Limited (Registered number: 03278655)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 28,985 787
Hire purchase contracts 9,581 21,582
Trade creditors 225,565 207,123
Taxation and social security 178,372 118,469
Other creditors 10,891 9,130
453,394 357,091

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 30,685 40,117
Hire purchase contracts 17,505 46,531
48,190 86,648