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Company No: 01746832 (England and Wales)

CENTRAL SYSTEMS INSTALLATIONS LTD

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

CENTRAL SYSTEMS INSTALLATIONS LTD

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

CENTRAL SYSTEMS INSTALLATIONS LTD

COMPANY INFORMATION

For the financial year ended 31 December 2023
CENTRAL SYSTEMS INSTALLATIONS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTOR DC Syrett
SECRETARY JM Syrett
REGISTERED OFFICE Rosecroft
Surrey Gardens
Effingham Junction
Leatherhead
Surrey
KT24 5HF
Leatherhead
United Kingdom
COMPANY NUMBER 01746832 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
CENTRAL SYSTEMS INSTALLATIONS LTD

BALANCE SHEET

As at 31 December 2023
CENTRAL SYSTEMS INSTALLATIONS LTD

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 266 355
266 355
Current assets
Stocks 4 2,000 8,000
Debtors
- due within one year 5 15,850 11,324
- due after more than one year 5 0 5,933
Cash at bank and in hand 6 ( 20,700) ( 24,957)
(2,850) 300
Creditors: amounts falling due within one year 7 ( 133,797) ( 130,693)
Net current liabilities (136,647) (130,393)
Total assets less current liabilities (136,381) (130,038)
Net liabilities ( 136,381) ( 130,038)
Capital and reserves
Called-up share capital 8 4,000 4,000
Profit and loss account ( 140,381 ) ( 134,038 )
Total shareholders' deficit ( 136,381) ( 130,038)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Central Systems Installations Ltd (registered number: 01746832) were approved and authorised for issue by the Director on 03 December 2024. They were signed on its behalf by:

DC Syrett
Director
CENTRAL SYSTEMS INSTALLATIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
CENTRAL SYSTEMS INSTALLATIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Central Systems Installations Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Rosecroft, Surrey Gardens, Effingham Junction, Leatherhead, Surrey, KT24 5HF, Leatherhead, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2023 30,861 30,861
At 31 December 2023 30,861 30,861
Accumulated depreciation
At 01 January 2023 30,506 30,506
Charge for the financial year 89 89
At 31 December 2023 30,595 30,595
Net book value
At 31 December 2023 266 266
At 31 December 2022 355 355

4. Stocks

2023 2022
£ £
Stocks 2,000 8,000

5. Debtors

2023 2022
£ £
Debtors: amounts falling due within one year
Trade debtors 10,270 11,092
Prepayments 0 40
VAT recoverable 5,388 0
Other debtors 192 192
15,850 11,324
Debtors: amounts falling due after more than one year
VAT recoverable 0 5,933

6. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand ( 20,702) ( 24,959)
Short-term deposits 2 2
(20,700) (24,957)

7. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 5,242 9,223
Amounts owed to director 125,270 117,470
Accruals 3,151 3,900
Taxation and social security 100 100
Other creditors 34 0
133,797 130,693

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
4,000 A ordinary shares of £ 1.00 each 4,000 4,000

9. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.