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REGISTERED NUMBER: 07946459 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Centennial Healthcare Ltd

Centennial Healthcare Ltd (Registered number: 07946459)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Centennial Healthcare Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs A L Nathan
C D Woolf





REGISTERED OFFICE: 1st Floor
314 Regents Park Road
Finchley
London
N3 2LT





REGISTERED NUMBER: 07946459 (England and Wales)





ACCOUNTANTS: Wolfson Associates Limited
1st Floor
314 Regents Park Road
Finchley
London
N3 2LT

Centennial Healthcare Ltd (Registered number: 07946459)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,795 13,093

CURRENT ASSETS
Debtors 5 175,933 157,545
Cash at bank and in hand 18,592 9,085
194,525 166,630
CREDITORS
Amounts falling due within one year 6 906,771 915,915
NET CURRENT LIABILITIES (712,246 ) (749,285 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(702,451

)

(736,192

)

CREDITORS
Amounts falling due after more than one
year

7

13,333

23,333
NET LIABILITIES (715,784 ) (759,525 )

CAPITAL AND RESERVES
Called up share capital 151,000 151,000
Retained earnings (866,784 ) (910,525 )
SHAREHOLDERS' FUNDS (715,784 ) (759,525 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Centennial Healthcare Ltd (Registered number: 07946459)

Statement of Financial Position - continued
29 February 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 23 January 2025 and were signed on its behalf by:





C D Woolf - Director


Centennial Healthcare Ltd (Registered number: 07946459)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Centennial Healthcare Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Going concern
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.

During the year the company made a profit before tax of £43,741 (2023 : £80,365). At the balance sheet date the company's current liabilities exceeded its total assets by £712,246 (2023 : £749,285). This indicates a material uncertainty as to whether the going concern assumption is correct. The company is wholly reliant on the continued support of its directors. The directors have indicated that they will continue to support the company for the next twelve months.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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.

Centennial Healthcare Ltd (Registered number: 07946459)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 8,946 29,065 665,221 17,749 720,981
Additions - - 1,533 4,291 5,824
At 29 February 2024 8,946 29,065 666,754 22,040 726,805
DEPRECIATION
At 1 March 2023 8,946 26,347 659,640 12,955 707,888
Charge for year - 2,261 2,155 4,706 9,122
At 29 February 2024 8,946 28,608 661,795 17,661 717,010
NET BOOK VALUE
At 29 February 2024 - 457 4,959 4,379 9,795
At 28 February 2023 - 2,718 5,581 4,794 13,093

Centennial Healthcare Ltd (Registered number: 07946459)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Fixtures
and
fittings
£   
COST
At 1 March 2023
and 29 February 2024 650,018
DEPRECIATION
At 1 March 2023
and 29 February 2024 650,018
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 90,848 89,084
Other debtors 42,000 42,000
Prepayments and accrued income 43,085 26,461
175,933 157,545

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other loans 10,000 10,000
Trade creditors 212,311 192,379
Social security and other taxes 37,860 53,186
Other creditors 411,309 443,444
Loans 142,307 154,005
Directors' current accounts 3,491 3,491
Accruals and deferred income 89,493 59,410
906,771 915,915

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other loans - 1-2 years 13,333 20,000
Other loans - 2-5 years - 3,333
13,333 23,333

Centennial Healthcare Ltd (Registered number: 07946459)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 1st March 2023 and 29th February 2024 directors' loan account had a credit balance of £3,491.

As at 1st March 2023, the loans to the company includes £1,575 owed to the directors. During the year, the company repaid the directors £1,000. As a result, at the year end the company owed £575. This has shown as loans to the company.

9. RELATED PARTY DISCLOSURES

During the year the company charged rent of £NIL [2023 : £6,000] to Centennial Pharma Services Limited, a company registered in England and Wales.

At the end of the year, the company owed £405,293 [2023 : £436,472] to Centennial Pharma Services Limited.

10. ULTIMATE CONTROLLING PARTY

There is no controlling party of the company as no shareholders hold more than 50% issued share capital and unable to exert significantly more influence than the other.