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31/01/2024
2024-01-31
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No description of principal activities is disclosed
2023-02-01
Sage Accounts Production 21.0 - FRS102_2021
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xbrli:shares
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09375787
2023-02-01
2024-01-31
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09375787
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09375787
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2023-01-31
09375787
2023-01-31
09375787
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2024-01-31
09375787
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2023-02-01
2024-01-31
09375787
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2024-01-31
09375787
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2024-01-31
09375787
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2023-02-01
2024-01-31
09375787
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2024-01-31
09375787
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09375787
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09375787
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2023-01-31
09375787
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2023-01-31
09375787
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09375787
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2024-01-31
09375787
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2024-01-31
09375787
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2024-01-31
09375787
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2023-01-31
09375787
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2024-01-31
09375787
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2023-01-31
09375787
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09375787
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09375787
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09375787
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09375787
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09375787
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2023-01-31
09375787
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2023-01-31
09375787
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2024-01-31
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2024-01-31
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2024-01-31
Company registration number:
09375787
Central (GB) Ltd
Unaudited filleted financial statements
31 January 2024
Central (GB) Ltd
Contents
Directors and other information
Accountants report
Balance sheet
Notes to the financial statements
Central (GB) Ltd
Directors and other information
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Directors |
K Riley |
(Resigned 8 July 2024) |
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A Bradbury |
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Company number |
09375787 |
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Registered office |
Central Lotus Centre Court |
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Waterside Way |
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Nottingham |
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NG2 4DP |
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Accountants |
C J Lucking & Co |
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34 Cross Street |
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Long Eaton |
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Nottingham |
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NG10 1HD |
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Central (GB) Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Central (GB) Ltd
Year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Central (GB) Ltd for the year ended 31 January 2024 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Central (GB) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Central (GB) Ltd and state those matters that we have agreed to state to the board of directors of Central (GB) Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Central (GB) Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Central (GB) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Central (GB) Ltd. You consider that Central (GB) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Central (GB) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
C J Lucking & Co
Chartered Accountants
34 Cross Street
Long Eaton
Nottingham
NG10 1HD
25 October 2024
Central (GB) Ltd
Balance sheet
31 January 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
192,389 |
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182,017 |
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_______ |
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_______ |
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192,389 |
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182,017 |
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Current assets |
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Stocks |
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788,918 |
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541,820 |
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Debtors |
|
6 |
98,621 |
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71,838 |
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Cash at bank and in hand |
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|
63 |
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63 |
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_______ |
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_______ |
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887,602 |
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613,721 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
1,022,055) |
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(
779,707) |
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_______ |
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_______ |
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Net current liabilities |
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(
134,453) |
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(
165,986) |
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_______ |
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_______ |
Total assets less current liabilities |
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57,936 |
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16,031 |
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Creditors: amounts falling due |
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after more than one year |
|
8 |
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(
56,772) |
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(
31,668) |
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Provisions for liabilities |
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(
4,323) |
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(
3,527) |
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_______ |
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_______ |
Net liabilities |
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(
3,159) |
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(
19,164) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
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100 |
Profit and loss account |
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(
3,259) |
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(
19,264) |
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_______ |
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_______ |
Shareholders deficit |
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(
3,159) |
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(
19,164) |
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_______ |
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_______ |
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
25 October 2024
, and are signed on behalf of the board by:
A Bradbury
Director
Company registration number:
09375787
Central (GB) Ltd
Notes to the financial statements
Year ended 31 January 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Central Lotus Centre Court, Waterside Way, Nottingham, NG2 4DP.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation charge represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Plant and machinery |
- |
10 % |
straight line |
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Fittings fixtures and equipment |
- |
5 % |
straight line |
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Motor vehicles |
- |
10 % |
straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
Trade and other debtors do not carry interest and are stated at their nominal value. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2023:
4
).
5.
Tangible assets
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Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 February 2023 |
20,899 |
179,266 |
38,529 |
238,694 |
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Additions |
- |
5,571 |
20,000 |
25,571 |
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_______ |
_______ |
_______ |
_______ |
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At 31 January 2024 |
20,899 |
184,837 |
58,529 |
264,265 |
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_______ |
_______ |
_______ |
_______ |
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Depreciation |
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At 1 February 2023 |
13,693 |
36,263 |
6,721 |
56,677 |
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Charge for the year |
779 |
8,234 |
6,186 |
15,199 |
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_______ |
_______ |
_______ |
_______ |
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At 31 January 2024 |
14,472 |
44,497 |
12,907 |
71,876 |
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_______ |
_______ |
_______ |
_______ |
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Carrying amount |
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At 31 January 2024 |
6,427 |
140,340 |
45,622 |
192,389 |
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_______ |
_______ |
_______ |
_______ |
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At 31 January 2023 |
7,206 |
143,003 |
31,808 |
182,017 |
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_______ |
_______ |
_______ |
_______ |
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6.
Debtors
|
|
|
2024 |
2023 |
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|
|
£ |
£ |
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Trade debtors |
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1,382 |
29,407 |
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Other debtors |
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97,239 |
42,431 |
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_______ |
_______ |
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98,621 |
71,838 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
15,678 |
19,895 |
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Trade creditors |
|
35,451 |
23,954 |
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Corporation tax |
|
5,044 |
- |
|
Social security and other taxes |
|
7,877 |
7,601 |
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Other creditors |
|
958,005 |
728,257 |
|
|
|
_______ |
_______ |
|
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1,022,055 |
779,707 |
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_______ |
_______ |
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Finance provided by FCA Dealer Services UK Ltd is secured on the assets of the company. The balance owing to FCA Dealer Services UK Ltd at the year end amounted to £nil (2023 - £nil).
8.
Creditors: amounts falling due after more than one year
|
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|
2024 |
2023 |
|
|
|
£ |
£ |
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Bank loans and overdrafts |
|
24,687 |
31,668 |
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Other creditors |
|
32,085 |
- |
|
|
|
_______ |
_______ |
|
|
|
56,772 |
31,668 |
|
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|
_______ |
_______ |
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9.
Directors advances, credits and guarantees
At 31st January 2024 the company owed £177,351 (2023 - £140,607) to one of the directors of the company.