Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03143287 2023-01-01 2023-12-31 03143287 2022-01-01 2022-12-31 03143287 2023-12-31 03143287 2022-12-31 03143287 c:Director1 2023-01-01 2023-12-31 03143287 d:PlantMachinery 2023-01-01 2023-12-31 03143287 d:PlantMachinery 2023-12-31 03143287 d:PlantMachinery 2022-12-31 03143287 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03143287 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 03143287 d:MotorVehicles 2023-01-01 2023-12-31 03143287 d:MotorVehicles 2023-12-31 03143287 d:MotorVehicles 2022-12-31 03143287 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03143287 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 03143287 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03143287 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 03143287 d:CurrentFinancialInstruments 2023-12-31 03143287 d:CurrentFinancialInstruments 2022-12-31 03143287 d:Non-currentFinancialInstruments 2023-12-31 03143287 d:Non-currentFinancialInstruments 2022-12-31 03143287 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03143287 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03143287 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03143287 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 03143287 d:ShareCapital 2023-12-31 03143287 d:ShareCapital 2022-12-31 03143287 d:RetainedEarningsAccumulatedLosses 2023-12-31 03143287 d:RetainedEarningsAccumulatedLosses 2022-12-31 03143287 c:FRS102 2023-01-01 2023-12-31 03143287 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03143287 c:FullAccounts 2023-01-01 2023-12-31 03143287 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03143287 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 03143287 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 03143287 d:LeasedAssetsHeldAsLessee 2023-12-31 03143287 d:LeasedAssetsHeldAsLessee 2022-12-31 03143287 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 03143287










CENTRILIFT INDUSTRIAL SERVICES COMPANY LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CENTRILIFT INDUSTRIAL SERVICES COMPANY LTD
REGISTERED NUMBER: 03143287

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
147,245
40,823

  
147,245
40,823

Current assets
  

Debtors: amounts falling due within one year
 5 
221,656
99,254

Cash at bank and in hand
  
88,437
54,984

  
310,093
154,238

Creditors: amounts falling due within one year
 6 
(117,861)
(113,505)

Net current assets
  
 
 
192,232
 
 
40,733

Total assets less current liabilities
  
339,477
81,556

Creditors: amounts falling due after more than one year
 7 
(83,555)
(26,000)

Provisions for liabilities
  

Deferred tax
  
(36,811)
(10,206)

  
 
 
(36,811)
 
 
(10,206)

Net assets
  
219,111
45,350


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
218,111
44,350

  
219,111
45,350


Page 1

 
CENTRILIFT INDUSTRIAL SERVICES COMPANY LTD
REGISTERED NUMBER: 03143287
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






M D Williams
Director

Date: 27 August 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CENTRILIFT INDUSTRIAL SERVICES COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Centrilift Industrial Services Company Ltd, (03143287), is a private company limited by shares and incorporated in England. Its registered office is Mead House, Little Mead Industrial Estate, Alfold Road, Cranleigh, Surrey, GU6 8ND.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CENTRILIFT INDUSTRIAL SERVICES COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
20%
& 25% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
CENTRILIFT INDUSTRIAL SERVICES COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial asset and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
CENTRILIFT INDUSTRIAL SERVICES COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 6

 
CENTRILIFT INDUSTRIAL SERVICES COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 January 2023
18,408
51,116
69,524


Additions
1,462
130,345
131,807



At 31 December 2023

19,870
181,461
201,331



Depreciation


At 1 January 2023
2,462
26,239
28,701


Charge for the year on owned assets
4,108
5,027
9,135


Charge for the year on financed assets
-
16,250
16,250



At 31 December 2023

6,570
47,516
54,086



Net book value



At 31 December 2023
13,300
133,945
147,245



At 31 December 2022
15,946
24,877
40,823

Page 7

 
CENTRILIFT INDUSTRIAL SERVICES COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
113,750
-

113,750
-


5.


Debtors

2023
2022
£
£


Trade debtors
5,655
28,308

Amounts owed by group undertakings
198,490
57,800

Other debtors
2,999
5,000

Prepayments and accrued income
14,512
8,146

221,656
99,254



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
9,891

Trade creditors
33,527
38,821

Corporation tax
29,404
2,256

Other taxation and social security
17,248
53,937

Obligations under finance lease and hire purchase contracts
23,400
-

Other creditors
382
5,000

Accruals and deferred income
13,900
3,600

117,861
113,505


Page 8

 
CENTRILIFT INDUSTRIAL SERVICES COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
26,000

Net obligations under finance leases and hire purchase contracts
83,555
-

83,555
26,000


 
Page 9