29 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 03634961 2023-10-01 2024-09-30 03634961 2024-09-30 03634961 2023-09-30 03634961 2022-10-01 2023-09-30 03634961 2023-09-30 03634961 2022-09-30 03634961 bus:Director1 2023-10-01 2024-09-30 03634961 core:LandBuildings 2023-09-30 03634961 core:PlantMachinery 2023-09-30 03634961 core:FurnitureFittings 2023-09-30 03634961 core:MotorVehicles 2023-09-30 03634961 core:LandBuildings 2024-09-30 03634961 core:PlantMachinery 2024-09-30 03634961 core:FurnitureFittings 2024-09-30 03634961 core:MotorVehicles 2024-09-30 03634961 core:LandBuildings 2023-10-01 2024-09-30 03634961 core:PlantMachinery 2023-10-01 2024-09-30 03634961 core:FurnitureFittings 2023-10-01 2024-09-30 03634961 core:MotorVehicles 2023-10-01 2024-09-30 03634961 core:WithinOneYear 2024-09-30 03634961 core:WithinOneYear 2023-09-30 03634961 core:AfterOneYear 2024-09-30 03634961 core:AfterOneYear 2023-09-30 03634961 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 03634961 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 03634961 core:ShareCapital 2024-09-30 03634961 core:ShareCapital 2023-09-30 03634961 core:RevaluationReserve 2024-09-30 03634961 core:RevaluationReserve 2023-09-30 03634961 core:RetainedEarningsAccumulatedLosses 2024-09-30 03634961 core:RetainedEarningsAccumulatedLosses 2023-09-30 03634961 core:BetweenOneFiveYears 2024-09-30 03634961 core:BetweenOneFiveYears 2023-09-30 03634961 core:RevaluationReserve 2023-10-01 2024-09-30 03634961 core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 03634961 core:LandBuildings 2023-09-30 03634961 core:PlantMachinery 2023-09-30 03634961 core:FurnitureFittings 2023-09-30 03634961 core:MotorVehicles 2023-09-30 03634961 bus:SmallEntities 2023-10-01 2024-09-30 03634961 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03634961 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03634961 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03634961 bus:FullAccounts 2023-10-01 2024-09-30 03634961 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03634961 core:AfterOneYear 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 03634961
Centre Stage Engineering Limited
Unaudited financial statements
30 September 2024
Centre Stage Engineering Limited
Statement of financial position
30 September 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
481,956
511,585
Current assets
Stocks
53,696
42,927
Debtors
6
856,749
991,591
Cash at bank and in hand
212,740
160,080
-----------
-----------
1,123,185
1,194,598
Creditors: Amounts falling due within one year
7
( 738,063)
( 834,037)
-----------
-----------
Net current assets
385,122
360,561
---------
---------
Total assets less current liabilities
867,078
872,146
Creditors: Amounts falling due after more than one year
8
( 89,388)
( 153,601)
Provisions
Taxation including deferred tax
( 14,569)
( 14,632)
---------
---------
Net assets
763,121
703,913
---------
---------
Capital and reserves
Called up share capital
100
100
Revaluation reserve
212,465
212,950
Profit and loss account
550,556
490,863
---------
---------
Shareholders funds
763,121
703,913
---------
---------
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 statement of comprehensive income has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Centre Stage Engineering Limited
Statement of financial position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 12 December 2024 , and are signed on behalf of the board by:
J C Deacon
Director
Company registration number: 03634961
Centre Stage Engineering Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 4 Highland Close, St Helens Way, Fison Way Industrial Estate, Thetford, Norfolk, IP24 1HG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehansive income or directly in equity, respectively. 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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:
Freehold property
-
2% straight line
Plant and machinery
-
15% - 33% straight line
Fixtures, fittings and equipment
-
20% - 33% straight line
Motor vehicles
-
20% - 25% straight line
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 stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
4. Employee numbers
The average number of employees during the year was 29 (2023: 28 ).
5. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 October 2023
509,020
31,863
69,941
100,541
711,365
Additions
486
2,549
3,035
---------
-------
-------
---------
---------
At 30 September 2024
509,020
32,349
72,490
100,541
714,400
---------
-------
-------
---------
---------
Depreciation
At 1 October 2023
89,796
18,808
62,130
29,046
199,780
Charge for the year
5,776
3,866
4,605
18,417
32,664
---------
-------
-------
---------
---------
At 30 September 2024
95,572
22,674
66,735
47,463
232,444
---------
-------
-------
---------
---------
Carrying amount
At 30 September 2024
413,448
9,675
5,755
53,078
481,956
---------
-------
-------
---------
---------
At 30 September 2023
419,224
13,055
7,811
71,495
511,585
---------
-------
-------
---------
---------
Tangible assets held at valuation
The freehold property was revalued by a firm of Chartered Surveyors on the 31 October 2022.
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
Freehold property
£
At 30 September 2024
Aggregate cost
288,804
Aggregate depreciation
(95,572)
---------
Carrying value
193,232
---------
At 30 September 2023
Aggregate cost
288,804
Aggregate depreciation
(89,796)
---------
Carrying value
199,008
---------
6. Debtors
2024
2023
£
£
Trade debtors
504,593
788,990
Other debtors
352,156
202,601
---------
---------
856,749
991,591
---------
---------
7. Creditors: Amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
73,334
142,900
Trade creditors
116,077
75,067
Social security and other taxes
76,617
189,718
Other creditors
472,035
426,352
---------
---------
738,063
834,037
---------
---------
Included in creditors is bank loans and an overdraft of £73,334 (2023: £142,900) which is secured by charges over assets held by the company. Included in other creditors are obligations under finance lease contracts of £13,117 (2023: £13,117) which are secured on the assets concerned.
8. Creditors: Amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
45,755
96,850
Other creditors
43,633
56,751
-------
---------
89,388
153,601
-------
---------
Included in creditors is bank loans of £45,755 (2023: £96,850) which is secured by charges over assets held by the company. Included in other creditors are obligations under finance lease contracts of £43,633 (2023: £56,751) which are secured on the assets concerned.
9. Analysis of other comprehensive income
Revaluation reserve
Profit and loss account
Total
£
£
£
Year ended 30 September 2024
Tax relating to components of other comprehensive income
( 485)
485
----
----
----
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
14,433
17,699
Later than 1 year and not later than 5 years
5,350
18,684
-------
-------
19,783
36,383
-------
-------