Company registration number 07396065 (England and Wales)
CENTAUR TECHNOLOGIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
CENTAUR TECHNOLOGIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
CENTAUR TECHNOLOGIES LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
12,174
12,529
Tangible assets
4
1,440,890
1,489,868
1,453,064
1,502,397
Current assets
Stocks
628,975
645,401
Debtors
5
1,396,289
1,060,119
Cash at bank and in hand
185,347
362,075
2,210,611
2,067,595
Creditors: amounts falling due within one year
6
(1,466,834)
(1,401,655)
Net current assets
743,777
665,940
Total assets less current liabilities
2,196,841
2,168,337
Creditors: amounts falling due after more than one year
7
(767,662)
(875,485)
Deferred tax provision
(213,665)
(202,252)
Net assets
1,215,514
1,090,600
Capital and reserves
Called up share capital
68,966
68,966
Share premium account
231,034
231,034
Profit and loss reserves
915,514
790,600
Total equity
1,215,514
1,090,600

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 30 June 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.

CENTAUR TECHNOLOGIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 18 September 2024 and are signed on its behalf by:
Mr M J Gorick
Mr P Richardson
Director
Director
Company Registration No. 07396065
CENTAUR TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Centaur Technologies Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4A, Trefoil Way, Preston, PR2 5PH.

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 prepared and made reference to prudent cash flow projections for a period of twelve months from the date of signing, indicating the company has sufficient cash resources to meet all financial obligations as they fall due for payment. trueIn view of this, the financial statements have been prepared on a going concern basis.

1.3
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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

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

Trademarks
10% straight line per annum from the point the product went to market
CENTAUR TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Tangible fixed assets

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

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

Tenant's fixtures and fittings
10% straight line per annum
Plant and machinery
6.67% straight line per annum
Furniture and equipment
15% straight line per annum
Computer equipment and software
33% straight line per annum

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.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.9
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

CENTAUR TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.11
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.12
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.

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.

CENTAUR TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 6 -
1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15
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
28
25
3
Intangible fixed assets
Trademarks
£
Cost
At 1 July 2023 and 30 June 2024
14,310
Amortisation and impairment
At 1 July 2023
1,781
Amortisation charged for the year
355
At 30 June 2024
2,136
Carrying amount
At 30 June 2024
12,174
At 30 June 2023
12,529
CENTAUR TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
4
Tangible fixed assets
Tenant's fixtures and fittings
Plant and machinery
Furniture and equipment
Computer equipment and software
Total
£
£
£
£
£
Cost
At 1 July 2023
96,441
1,384,251
69,982
129,328
1,680,002
Additions
335
85,069
2,282
10,738
98,424
Disposals
-
0
(4,995)
-
0
(1,431)
(6,426)
At 30 June 2024
96,776
1,464,325
72,264
138,635
1,772,000
Depreciation and impairment
At 1 July 2023
12,084
63,182
19,507
95,361
190,134
Depreciation charged in the year
9,658
108,401
9,614
19,129
146,802
Eliminated in respect of disposals
-
0
(4,548)
-
0
(1,278)
(5,826)
At 30 June 2024
21,742
167,035
29,121
113,212
331,110
Carrying amount
At 30 June 2024
75,034
1,297,290
43,143
25,423
1,440,890
At 30 June 2023
84,357
1,321,069
50,475
33,967
1,489,868
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,194,809
869,558
Other debtors
201,480
190,561
1,396,289
1,060,119
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
100,000
100,000
Trade creditors
828,556
955,247
Taxation and social security
245,216
81,888
Other creditors
293,062
264,520
1,466,834
1,401,655
CENTAUR TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
6
Creditors: amounts falling due within one year
(Continued)
- 8 -

Bank loan balances totalling £100,000 (2023: £100,000) falling due for payment within one year are secured via fixed and floating charges over the assets of the company.

 

Preference shares treated as debt and included within other creditors due for payment within one year, are unsecured and do not confer a right of voting at any general meetings, but do carry a right to a fixed cumulative preferential dividend at an annual rate of 7% of the issue price.

 

On a distribution, including a liquidation, the Preference shares carry a preferential right to be paid the issue price of each Preference share in priority to any other class of share in the capital of the Company.

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
141,667
241,667
Other creditors
51,505
59,328
Unsecured loans
574,490
574,490
767,662
875,485

Bank loan balances totalling £141,667 (2023: £241,667) falling due for payment after more than one year are secured via fixed and floating charges over the assets of the company.

8
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
£
£
Within one year
244,972
207,842
Between two and five years
706,091
692,482
In over five years
384,004
532,650
1,335,067
1,432,974

Operating lease obligations in respect of land and buildings total £1,127,236 (2023: £1,275,882) and those in respect of motor vehicles total £206,552 (2023: £165,761).

9
Related party transactions

Other transactions under normal market conditions with related parties have been excluded from disclosure under the requirements of section 33 of FRS102 1A.

2024-06-302023-07-01false18 September 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMr M J GorickMr P RichardsonMr D K GillMr W SmithMr R C A SlaterMr P A CrellinMrs R S Gorickfalsefalse073960652023-07-012024-06-30073960652024-06-30073960652023-06-3007396065core:PatentsTrademarksLicencesConcessionsSimilar2024-06-3007396065core:PatentsTrademarksLicencesConcessionsSimilar2023-06-3007396065core:LandBuildingscore:LeasedAssetsHeldAsLessee2024-06-3007396065core:PlantMachinery2024-06-3007396065core:FurnitureFittings2024-06-3007396065core:ComputerEquipment2024-06-3007396065core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-06-3007396065core:PlantMachinery2023-06-3007396065core:FurnitureFittings2023-06-3007396065core:ComputerEquipment2023-06-3007396065core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3007396065core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3007396065core:Non-currentFinancialInstrumentscore:AfterOneYear2024-06-3007396065core:Non-currentFinancialInstrumentscore:AfterOneYear2023-06-3007396065core:CurrentFinancialInstruments2024-06-3007396065core:CurrentFinancialInstruments2023-06-3007396065core:Non-currentFinancialInstruments2024-06-3007396065core:Non-currentFinancialInstruments2023-06-3007396065core:ShareCapital2024-06-3007396065core:ShareCapital2023-06-3007396065core:SharePremium2024-06-3007396065core:SharePremium2023-06-3007396065core:RetainedEarningsAccumulatedLosses2024-06-3007396065core:RetainedEarningsAccumulatedLosses2023-06-3007396065bus:Director12023-07-012024-06-3007396065bus:Director22023-07-012024-06-3007396065core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3007396065core:PatentsTrademarksLicencesConcessionsSimilar2023-07-012024-06-3007396065core:LandBuildingscore:LongLeaseholdAssets2023-07-012024-06-3007396065core:PlantMachinery2023-07-012024-06-3007396065core:FurnitureFittings2023-07-012024-06-3007396065core:ComputerEquipment2023-07-012024-06-30073960652022-07-012023-06-3007396065core:PatentsTrademarksLicencesConcessionsSimilar2023-06-3007396065core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-06-3007396065core:PlantMachinery2023-06-3007396065core:FurnitureFittings2023-06-3007396065core:ComputerEquipment2023-06-30073960652023-06-3007396065core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-07-012024-06-3007396065core:WithinOneYear2024-06-3007396065core:WithinOneYear2023-06-3007396065core:BetweenTwoFiveYears2024-06-3007396065core:BetweenTwoFiveYears2023-06-3007396065core:MoreThanFiveYears2024-06-3007396065core:MoreThanFiveYears2023-06-3007396065bus:PrivateLimitedCompanyLtd2023-07-012024-06-3007396065bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3007396065bus:FRS1022023-07-012024-06-3007396065bus:AuditExemptWithAccountantsReport2023-07-012024-06-3007396065bus:Director32023-07-012024-06-3007396065bus:Director42023-07-012024-06-3007396065bus:Director52023-07-012024-06-3007396065bus:Director62023-07-012024-06-3007396065bus:CompanySecretary12023-07-012024-06-3007396065bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP