Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07758427 MR ROBERT OFFLEY iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07758427 2022-12-31 07758427 2023-12-31 07758427 2023-01-01 2023-12-31 07758427 frs-core:CurrentFinancialInstruments 2023-12-31 07758427 frs-core:Non-currentFinancialInstruments 2023-12-31 07758427 frs-core:ComputerEquipment 2023-12-31 07758427 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07758427 frs-core:ComputerEquipment 2022-12-31 07758427 frs-core:FurnitureFittings 2023-12-31 07758427 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07758427 frs-core:FurnitureFittings 2022-12-31 07758427 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 07758427 frs-core:OtherResidualIntangibleAssets 2023-12-31 07758427 frs-core:OtherResidualIntangibleAssets 2022-12-31 07758427 frs-core:ShareCapital 2023-12-31 07758427 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07758427 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07758427 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07758427 frs-bus:SmallEntities 2023-01-01 2023-12-31 07758427 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07758427 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07758427 frs-bus:Director1 2023-01-01 2023-12-31 07758427 frs-countries:EnglandWales 2023-01-01 2023-12-31 07758427 2021-12-31 07758427 2022-12-31 07758427 2022-01-01 2022-12-31 07758427 frs-core:CurrentFinancialInstruments 2022-12-31 07758427 frs-core:Non-currentFinancialInstruments 2022-12-31 07758427 frs-core:ShareCapital 2022-12-31 07758427 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07758427
CENTRILOGIC LTD
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07758427
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 454 454
Tangible Assets 5 108,322 127,302
108,776 127,756
CURRENT ASSETS
Debtors 6 495,654 342,192
Cash at bank and in hand 54,021 224,273
549,675 566,465
Creditors: Amounts Falling Due Within One Year 7 (1,279,645 ) (1,466,424 )
NET CURRENT ASSETS (LIABILITIES) (729,970 ) (899,959 )
TOTAL ASSETS LESS CURRENT LIABILITIES (621,194 ) (772,203 )
Creditors: Amounts Falling Due After More Than One Year 8 (2,356,005 ) (1,755,282 )
NET LIABILITIES (2,977,199 ) (2,527,485 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (2,977,299 ) (2,527,585 )
SHAREHOLDERS' FUNDS (2,977,199) (2,527,485)
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
MR ROBERT OFFLEY
Director
24/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CENTRILOGIC LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07758427 . The registered office is 5 Arlington Square, Downshire Way, Bracknell, Berkshire, RG12 1WA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents net invoiced sales of services, excluding value added tax. Revenues are earned from the
performance of cloud computing, managed hosting and data centre services. Revenues, invoiced in accordance
with the contracts, are recognised as services are performed, with billing on a monthly basis, and collection is
reasonably assured. Payments received in advance of the service performance are recorded as deferred revenue.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives or, if held under a finance lease, over the lease term, whichever is the shorteron the following bases:
Leasehold 33.33%
Fixtures & Fittings 33.33%
Computer Equipment 33.33%
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 779
As at 31 December 2023 779
Amortisation
As at 1 January 2023 325
As at 31 December 2023 325
Net Book Value
As at 31 December 2023 454
As at 1 January 2023 454
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 238,474 1,519,586 1,758,060
Additions 6,524 1,241 7,765
As at 31 December 2023 244,998 1,520,827 1,765,825
Depreciation
As at 1 January 2023 123,859 1,506,899 1,630,758
Provided during the period 20,408 6,337 26,745
As at 31 December 2023 144,267 1,513,236 1,657,503
Net Book Value
As at 31 December 2023 100,731 7,591 108,322
As at 1 January 2023 114,615 12,687 127,302
6. Debtors
2023 2022
as restated
£ £
Due within one year
Trade debtors 128,533 122,752
Prepayments and accrued income 312,728 157,653
Other debtors 47,757 47,757
VAT 6,636 14,030
495,654 342,192
7. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Trade creditors 294,588 454,045
Other taxes and social security 844 844
Other creditors 777,137 826,750
Accruals and deferred income 207,076 184,785
1,279,645 1,466,424
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
as restated
£ £
Amounts owed to associates 2,356,005 1,755,282
2,356,005 1,755,282
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9. Share Capital
2023 2022
as restated
£ £
Allotted, Called up and fully paid 100 100
Page 5