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CENTRUM PLUS LIMITED

Registered Number
10433008
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

CENTRUM PLUS LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

M.O. WATSON

Registered Address

No 5 2 Kings Hill Avenue
Kings Hill
West Malling
ME19 4AQ

Registered Number

10433008 (England and Wales)
CENTRUM PLUS LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3427,973355,474
427,973355,474
Current assets
Stocks455,96530,265
Debtors2,369,227726,818
Cash at bank and on hand81,42328,059
2,506,615785,142
Creditors amounts falling due within one year5(2,389,995)(980,875)
Net current assets (liabilities)116,620(195,733)
Total assets less current liabilities544,593159,741
Creditors amounts falling due after one year6(255,216)(170,838)
Provisions for liabilities7(62,310)(67,540)
Net assets227,067(78,637)
Capital and reserves
Called up share capital100100
Profit and loss account226,967(78,737)
Shareholders' funds227,067(78,637)
The financial statements were approved and authorised for issue by the Director on 26 February 2025, and are signed on its behalf by:
M.O. WATSON
Director
Registered Company No. 10433008
CENTRUM PLUS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Land and buildings-5
Plant and machinery25-
Vehicles25-
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year2520
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Total

££££
Cost or valuation
At 01 January 24-201,946385,765587,711
Additions34,7322,517216,349253,598
Disposals-(26,289)(93,744)(120,033)
At 31 December 2434,732178,174508,370721,276
Depreciation and impairment
At 01 January 24-98,136134,101232,237
Charge for year-106,948-106,948
On disposals-(13,657)(32,225)(45,882)
At 31 December 24-191,427101,876293,303
Net book value
At 31 December 2434,732(13,253)406,494427,973
At 31 December 23-103,810251,664355,474
4.Stocks

2024

2023

££
Work in progress55,96530,265
Total55,96530,265
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,953,291453,402
Bank borrowings and overdrafts141,995197,124
Taxation and social security267,118199,887
Other creditors23,590126,335
Accrued liabilities and deferred income4,0014,127
Total2,389,995980,875
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts255,216170,838
Total255,216170,838
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)62,31067,540
Total62,31067,540