REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 August 2024 |
for |
Centiant Intl Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 August 2024 |
for |
Centiant Intl Limited |
Centiant Intl Limited (Registered number: 08358841) |
Contents of the Financial Statements |
for the Year Ended 31 August 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Centiant Intl Limited |
Company Information |
for the Year Ended 31 August 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Delta House |
16 Bridge Road |
Haywards Heath |
West Sussex |
RH16 1UA |
Centiant Intl Limited (Registered number: 08358841) |
Statement of Financial Position |
31 August 2024 |
31.8.24 | 31.8.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
Centiant Intl Limited (Registered number: 08358841) |
Notes to the Financial Statements |
for the Year Ended 31 August 2024 |
1. | STATUTORY INFORMATION |
Centiant Intl Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
The principal activity of the company is that of providing information technology and network services. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. it also requires management to exercise judgement in applying the company;s accounting policies. |
Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Revenue is recognised when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods and services; (c) the amount of revenue can be measured reliably; and (d) it is probable that future economic benefits will flow to the entity. |
Tangible fixed assets |
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: |
Computer equipment | - | 25% straight line |
Leasehold improvements | - | 10% straight line |
Fixtures & fittings | - | 20% straight line |
Plant & machinery | - | 10% straight line |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Centiant Intl Limited (Registered number: 08358841) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
2. | ACCOUNTING POLICIES - continued |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
Leasing |
Rentals payable under operating leases are charged to the profit and loss account 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. |
Financial instruments |
Basic financial instruments are recognised at amortised cost. |
Debtors |
Short term debtors are measured at the transaction price, less any impairment. |
Creditors |
Short term creditors are measured at the transaction price. |
Cash and cash equivalents |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Centiant Intl Limited (Registered number: 08358841) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
4. | PROPERTY, PLANT AND EQUIPMENT |
Improvements | Fixtures |
to | Plant and | and | Computer |
property | machinery | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 September 2023 |
Additions |
At 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for year |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakin |
£ |
COST |
At 1 September 2023 |
and 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
Centiant Intl Limited (Registered number: 08358841) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 208,009 | 92,499 |
Other creditors |
Accruals and deferred income |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.8.24 | 31.8.23 |
£ | £ |
Within one year |
Between one and five years |
9. | AUDITORS INFORMATION |
The audit report provided to the members of Centiant Intl Limited on the financial statements for the year ended 31st August 2021 was not qualified. |
The audit report was signed by Christopher Atkinson (Senior Statutory Auditor) for and on behalf of C J A Accounting Limited, Chartered Accountants and Statutory Auditor. |
Centiant Intl Limited (Registered number: 08358841) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
10. | RELATED PARTY DISCLOSURES |
Corporate shareholders with significant influence |
During the period the Company had the following transactions with associated companies and members of their group; |
2024 | 2023 |
£ | £ |
Dividends | 500,000 | 400,000 |
Sales | 348,162 | 966,257 |
Purchases | 2,242,176 | 2,032,437 |
Administrative support services | 4,800 | 4,800 |
At the year end the following balances were due to / (from) associated companies and members of their group; |
2024 | 2023 |
£ | £ |
Debtors | 9,340 | 31,821 |
Creditors | (627,881 | ) | (148,067 | ) |