Company registration number 03122482 (England and Wales)
CENTRAL SUPPORT TECHNOLOGIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
CENTRAL SUPPORT TECHNOLOGIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
CENTRAL SUPPORT TECHNOLOGIES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
62,718
55,773
Current assets
Stocks
4,000
4,000
Debtors
4
1,324,628
817,316
Cash at bank and in hand
457,165
524,652
1,785,793
1,345,968
Creditors: amounts falling due within one year
5
(472,898)
(385,368)
Net current assets
1,312,895
960,600
Total assets less current liabilities
1,375,613
1,016,373
Provisions for liabilities
(15,121)
-
0
Net assets
1,360,492
1,016,373
Capital and reserves
Called up share capital
1,000
1,000
Share option reserve
11,136
11,136
Profit and loss reserves
1,348,356
1,004,237
Total equity
1,360,492
1,016,373

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 March 2024 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.

CENTRAL SUPPORT TECHNOLOGIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 20 August 2024 and are signed on its behalf by:
Mr J E Hartley
Director
Company Registration No. 03122482
CENTRAL SUPPORT TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Central Support Technologies Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2-4 Packhorse Road, Gerrards Cross, Buckinghamshire, SL9 7QE.

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
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33% Straight line
Fixtures and fittings
25% Straight line
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

CENTRAL SUPPORT TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black-Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

1.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
49
65
CENTRAL SUPPORT TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
103,052
92,339
75,464
270,855
Additions
28,768
20,879
250
49,897
At 31 March 2024
131,820
113,218
75,714
320,752
Depreciation and impairment
At 1 April 2023
71,105
90,227
53,750
215,082
Depreciation charged in the year
34,262
3,241
5,449
42,952
At 31 March 2024
105,367
93,468
59,199
258,034
Carrying amount
At 31 March 2024
26,453
19,750
16,515
62,718
At 31 March 2023
31,947
2,112
21,714
55,773
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
514,155
414,127
Other debtors
810,473
403,189
1,324,628
817,316
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
222,108
204,504
Taxation and social security
240,051
164,707
Other creditors
10,739
16,157
472,898
385,368
CENTRAL SUPPORT TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
6
Share-based payment transactions

A reconciliation of share option movements over the year to 31 March 2024 is shown below:

Number of share options
Weighted average exercise price
2024
2023
2024
2023
Number
Number
£
£
Outstanding at 1 April 2023 and 31 March 2024
10,000
10,000
3.40
3.40
Exercisable at 31 March 2024
-
0
-
0
-
0
-
0

The company is unable to directly measure the fair value of employee services received. Instead the fair value of the share options granted during the prior year was determined using the Black-Scholes model. The model is internationally recognised as being appropriate to value employee share schemes similar to the approved Enterprise Management Incentive (EMI) option scheme and the unapproved share option scheme in the company.

 

The total charge for the period was nil (2023: £11,136).

7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
775,952
66,092
2024-03-312023-04-01false20 August 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMr J E HartleyMrs E M Hartleyfalsefalse031224822023-04-012024-03-31031224822024-03-31031224822023-03-3103122482core:PlantMachinery2024-03-3103122482core:FurnitureFittings2024-03-3103122482core:MotorVehicles2024-03-3103122482core:PlantMachinery2023-03-3103122482core:FurnitureFittings2023-03-3103122482core:MotorVehicles2023-03-3103122482core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3103122482core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3103122482core:CurrentFinancialInstruments2024-03-3103122482core:CurrentFinancialInstruments2023-03-3103122482core:ShareCapital2024-03-3103122482core:ShareCapital2023-03-3103122482core:OtherMiscellaneousReserve2024-03-3103122482core:OtherMiscellaneousReserve2023-03-3103122482core:RetainedEarningsAccumulatedLosses2024-03-3103122482core:RetainedEarningsAccumulatedLosses2023-03-3103122482bus:Director12023-04-012024-03-3103122482core:PlantMachinery2023-04-012024-03-3103122482core:FurnitureFittings2023-04-012024-03-3103122482core:MotorVehicles2023-04-012024-03-31031224822022-04-012023-03-3103122482core:PlantMachinery2023-03-3103122482core:FurnitureFittings2023-03-3103122482core:MotorVehicles2023-03-31031224822023-03-3103122482core:WithinOneYear2024-03-3103122482core:WithinOneYear2023-03-31031224822022-03-3103122482bus:PrivateLimitedCompanyLtd2023-04-012024-03-3103122482bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103122482bus:FRS1022023-04-012024-03-3103122482bus:AuditExemptWithAccountantsReport2023-04-012024-03-3103122482bus:Director22023-04-012024-03-3103122482bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP