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REGISTERED NUMBER: 04342238 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Central Engineering (Hereford) Limited

Central Engineering (Hereford) Limited (Registered number: 04342238)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Central Engineering (Hereford) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C A Coe
A P A Coe





REGISTERED OFFICE: Unit 3
Festival Way
Rotherwas Industrial Estate
Hereford
HR2 6ST





REGISTERED NUMBER: 04342238 (England and Wales)





ACCOUNTANTS: R J Francis & Co
Suites 1 & 2
Marshall Business Centre
Faraday Road
Hereford
Herefordshire
HR4 9NS

Central Engineering (Hereford) Limited (Registered number: 04342238)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,605,398 1,694,262

CURRENT ASSETS
Stocks 12,000 15,000
Debtors 5 134,121 168,435
Cash at bank 7,992 203
154,113 183,638
CREDITORS
Amounts falling due within one year 6 513,886 669,608
NET CURRENT LIABILITIES (359,773 ) (485,970 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,245,625 1,208,292

CREDITORS
Amounts falling due after more than one
year

7

(622,116

)

(553,146

)

PROVISIONS FOR LIABILITIES (214,686 ) (201,533 )
NET ASSETS 408,823 453,613

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 408,723 453,513
408,823 453,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Engineering (Hereford) Limited (Registered number: 04342238)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





C A Coe - Director


Central Engineering (Hereford) Limited (Registered number: 04342238)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Central Engineering (Hereford) 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.

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.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

No depreciation is charged in respect of Freehold Property as at 31 March 2023 as the construction was only completed towards the end of the financial year.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Central Engineering (Hereford) Limited (Registered number: 04342238)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 822,544 1,455,708 70,482 45,765 2,394,499
Additions 4,634 26,884 31,659 - 63,177
Disposals - (16,650 ) (28,705 ) - (45,355 )
At 31 March 2024 827,178 1,465,942 73,436 45,765 2,412,321
DEPRECIATION
At 1 April 2023 - 630,510 49,315 20,412 700,237
Charge for year - 123,893 11,078 3,802 138,773
Eliminated on disposal - (11,897 ) (20,190 ) - (32,087 )
At 31 March 2024 - 742,506 40,203 24,214 806,923
NET BOOK VALUE
At 31 March 2024 827,178 723,436 33,233 21,551 1,605,398
At 31 March 2023 822,544 825,198 21,167 25,353 1,694,262

Central Engineering (Hereford) Limited (Registered number: 04342238)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 894,000 28,705 922,705
Additions 25,888 - 25,888
Transfer to ownership 120,000 (28,705 ) 91,295
At 31 March 2024 1,039,888 - 1,039,888
DEPRECIATION
At 1 April 2023 323,853 20,190 344,043
Charge for year 98,528 - 98,528
Transfer to ownership 33,300 (20,190 ) 13,110
At 31 March 2024 455,681 - 455,681
NET BOOK VALUE
At 31 March 2024 584,207 - 584,207
At 31 March 2023 570,147 8,515 578,662

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 122,434 120,966
Amounts recoverable on contract 8,000 9,654
Other debtors 3,687 37,815
134,121 168,435

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 56,033 74,416
Hire purchase contracts 102,556 137,818
Trade creditors 101,021 305,694
Taxation and social security 40,248 39,722
Other creditors 214,028 111,958
513,886 669,608

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 420,776 440,717
Hire purchase contracts 201,340 112,429
622,116 553,146

Central Engineering (Hereford) Limited (Registered number: 04342238)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 197,677 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 18,686
Hire purchase contracts 303,896 250,247
303,896 268,933

The bank overdraft is secured on the private residence of the director, A P Coe.

Hire purchase liabilities are secured on the asset funded.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
A P A Coe
Balance outstanding at start of year 83,354 10,457
Amounts advanced 110,962 108,962
Amounts repaid (44,896 ) (36,065 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 149,420 83,354

C A Coe
Balance outstanding at start of year 10,968 1,672
Amounts advanced 37,662 46,162
Amounts repaid (37,502 ) (36,866 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,128 10,968

The loan accounts are repayable on demand.