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REGISTERED NUMBER: 03095725 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Central Technical Services Limited

Central Technical Services Limited (Registered number: 03095725)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Central Technical Services Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs P G Michaelides
L Michaelides





SECRETARY:





REGISTERED OFFICE: 18- 20 Frognal
Hampstead
London
NW3 6AG





REGISTERED NUMBER: 03095725 (England and Wales)





ACCOUNTANTS: Tasos Papaloizou Chartered Accountants
Suite 1
The Golf Club
Darkes Lane
Potters Bar
EN6 1DE

Central Technical Services Limited (Registered number: 03095725)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 250,000

CURRENT ASSETS
Debtors 5 768,168 606,067
Cash at bank 1,020 30,695
769,188 636,762
CREDITORS
Amounts falling due within one year 6 234,734 239,312
NET CURRENT ASSETS 534,454 397,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

534,454

647,450

PROVISIONS FOR LIABILITIES - 56,500
NET ASSETS 534,454 590,950

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 7 - 168,937
Retained earnings 534,453 422,012
SHAREHOLDERS' FUNDS 534,454 590,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Central Technical Services Limited (Registered number: 03095725)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





L Michaelides - Director


Central Technical Services Limited (Registered number: 03095725)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Central Technical Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Central Technical Services Limited (Registered number: 03095725)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 250,000
Disposals (250,000 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 250,000

Fair value at 31 August 2023 is represented by:
£   

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Amounts owed by related companies 703,728 557,627
Other debtors 64,440 48,440
768,168 606,067

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Amounts owed to related companies 182,049 191,399
Taxation and social security 21,006 20,207
Other creditors 31,679 27,706
234,734 239,312

7. RESERVES
Fair
value
reserve
£   
At 1 September 2022 168,937
Fair value adjustment (168,937 )

At 31 August 2023 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in Other debtors is £64,432 ( 2022 £48,432) owed by the Directors.

Central Technical Services Limited

Report of the Accountants to the Directors of
Central Technical Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on pages two to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Tasos Papaloizou Chartered Accountants
Suite 1
The Golf Club
Darkes Lane
Potters Bar
EN6 1DE


Date: .............................................