IRIS Accounts Production v24.3.0.553 06075795 director 1.2.23 31.1.24 31.1.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060757952023-01-31060757952024-01-31060757952023-02-012024-01-31060757952022-01-31060757952022-02-012023-01-31060757952023-01-3106075795ns15:EnglandWales2023-02-012024-01-3106075795ns14:PoundSterling2023-02-012024-01-3106075795ns10:Director12023-02-012024-01-3106075795ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3106075795ns10:SmallEntities2023-02-012024-01-3106075795ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3106075795ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3106075795ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3106075795ns10:FullAccounts2023-02-012024-01-310607579512023-02-012024-01-3106075795ns10:CompanySecretary12023-02-012024-01-3106075795ns10:RegisteredOffice2023-02-012024-01-3106075795ns5:CurrentFinancialInstruments2024-01-3106075795ns5:CurrentFinancialInstruments2023-01-3106075795ns5:Non-currentFinancialInstruments2024-01-3106075795ns5:Non-currentFinancialInstruments2023-01-3106075795ns5:ShareCapital2024-01-3106075795ns5:ShareCapital2023-01-3106075795ns5:RetainedEarningsAccumulatedLosses2024-01-3106075795ns5:RetainedEarningsAccumulatedLosses2023-01-3106075795ns5:NetGoodwill2023-02-012024-01-3106075795ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3106075795ns5:PlantMachinery2023-02-012024-01-3106075795ns5:MotorVehicles2023-02-012024-01-3106075795ns5:ComputerEquipment2023-02-012024-01-3106075795ns5:NetGoodwill2023-01-3106075795ns5:NetGoodwill2024-01-3106075795ns5:NetGoodwill2023-01-3106075795ns5:PlantMachinery2023-01-3106075795ns5:MotorVehicles2023-01-3106075795ns5:ComputerEquipment2023-01-3106075795ns5:PlantMachinery2024-01-3106075795ns5:MotorVehicles2024-01-3106075795ns5:ComputerEquipment2024-01-3106075795ns5:PlantMachinery2023-01-3106075795ns5:MotorVehicles2023-01-3106075795ns5:ComputerEquipment2023-01-3106075795ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3106075795ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-31
REGISTERED NUMBER: 06075795 (England and Wales)















CENTRAL IRONCRAFT LIMITED

Unaudited Financial Statements for the Year Ended 31 January 2024






CENTRAL IRONCRAFT LIMITED (REGISTERED NUMBER: 06075795)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CENTRAL IRONCRAFT LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTOR: M Cartwright





SECRETARY: M Cartwright





REGISTERED OFFICE: The Counting House
61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 06075795 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

CENTRAL IRONCRAFT LIMITED (REGISTERED NUMBER: 06075795)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,500 18,000
Tangible assets 5 19,817 26,503
33,317 44,503

CURRENT ASSETS
Debtors 6 347,874 267,922
Cash in hand 206,280 268,802
554,154 536,724
CREDITORS
Amounts falling due within one year 7 303,662 290,125
NET CURRENT ASSETS 250,492 246,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

283,809

291,102

CREDITORS
Amounts falling due after more than one
year

8

-

2,778
NET ASSETS 283,809 288,324

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 283,709 288,224
SHAREHOLDERS' FUNDS 283,809 288,324

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 IRONCRAFT LIMITED (REGISTERED NUMBER: 06075795)

Balance Sheet - continued
31 January 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 director and authorised for issue on 18 October 2024 and were signed by:





M Cartwright - Director


CENTRAL IRONCRAFT LIMITED (REGISTERED NUMBER: 06075795)

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

1. STATUTORY INFORMATION

Central Ironcraft 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - 33% on cost

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.

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

CENTRAL IRONCRAFT LIMITED (REGISTERED NUMBER: 06075795)

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

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 90,000
AMORTISATION
At 1 February 2023 72,000
Amortisation for year 4,500
At 31 January 2024 76,500
NET BOOK VALUE
At 31 January 2024 13,500
At 31 January 2023 18,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 7,476 40,400 1,313 49,189
DEPRECIATION
At 1 February 2023 7,104 14,827 755 22,686
Charge for year 56 6,394 236 6,686
At 31 January 2024 7,160 21,221 991 29,372
NET BOOK VALUE
At 31 January 2024 316 19,179 322 19,817
At 31 January 2023 372 25,573 558 26,503

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 265,540 176,635
Other debtors 78,334 91,287
Prepayments 4,000 -
347,874 267,922

CENTRAL IRONCRAFT LIMITED (REGISTERED NUMBER: 06075795)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 2,778 2,778
Social security and other taxes 88,704 90,502
Other creditors 97 97
Directors' current accounts 148,164 130,829
Accrued expenses 63,919 65,919
303,662 290,125

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 2,778