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REGISTERED NUMBER: 08891395 (England and Wales)












Century Business Finance Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Century Business Finance Limited (Registered number: 08891395)






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


Century Business Finance Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T Hall
B Larkins
J P Maloney
J D Taplin





SECRETARY: B Larkins





REGISTERED OFFICE: Chaff House
Strixton Manor Business Centre
Strixton
Northamptonshire
NN29 7PA





REGISTERED NUMBER: 08891395 (England and Wales)





ACCOUNTANTS: Kilby Fox
Chartered Accountants
4 Pavilion Court
600 Pavilion Drive
Northampton Business Park
Northampton
Northamptonshire
NN4 7SL

Century Business Finance Limited (Registered number: 08891395)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,000 -
Tangible assets 5 33,118 31,268
83,118 31,268

CURRENT ASSETS
Debtors 6 360,408 302,214
Cash at bank and in hand 178,653 154,172
539,061 456,386
CREDITORS
Amounts falling due within one year 7 267,089 114,895
NET CURRENT ASSETS 271,972 341,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

355,090

372,759

CREDITORS
Amounts falling due after more than one year 8 (103,814 ) (158,673 )

PROVISIONS FOR LIABILITIES (8,280 ) (5,941 )
NET ASSETS 242,996 208,145

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 242,896 208,045
242,996 208,145

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.

Century Business Finance Limited (Registered number: 08891395)

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 November 2024 and were signed on its behalf by:





J P Maloney - Director


Century Business Finance Limited (Registered number: 08891395)

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

1. STATUTORY INFORMATION

Century Business Finance 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 15 (2023 - 8 ) .

Century Business Finance Limited (Registered number: 08891395)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 40,000
Additions 50,000
At 31 March 2024 90,000
AMORTISATION
At 1 April 2023
and 31 March 2024 40,000
NET BOOK VALUE
At 31 March 2024 50,000
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant &
machinery
etc
£   
COST
At 1 April 2023 54,545
Additions 14,262
At 31 March 2024 68,807
DEPRECIATION
At 1 April 2023 23,277
Charge for year 12,412
At 31 March 2024 35,689
NET BOOK VALUE
At 31 March 2024 33,118
At 31 March 2023 31,268

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 89,039 30,653
Other debtors 271,369 271,561
360,408 302,214

Century Business Finance Limited (Registered number: 08891395)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,620 5,370
Taxation and social security 185,207 104,085
Other creditors 80,262 5,440
267,089 114,895

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 103,814 158,673