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REGISTERED NUMBER: 08057045 (England and Wales)















Central FM Group Ltd.

Unaudited Financial Statements

for the Year Ended 30 June 2024






Central FM Group Ltd. (Registered number: 08057045)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Central FM Group Ltd.

Company Information
for the Year Ended 30 June 2024







DIRECTORS: O C Jones
M J Jones
L E Morgan





REGISTERED OFFICE: Central House
Riverside
Beaufort
Ebbw Vale
NP23 5NT





REGISTERED NUMBER: 08057045 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Central FM Group Ltd. (Registered number: 08057045)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,583 49,765

CURRENT ASSETS
Debtors 5 1,172,187 1,086,531
Cash at bank 94,230 120,261
1,266,417 1,206,792
CREDITORS
Amounts falling due within one year 6 805,157 685,584
NET CURRENT ASSETS 461,260 521,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

496,843

570,973

CREDITORS
Amounts falling due after more than one year 7 (286,076 ) (364,763 )

PROVISIONS FOR LIABILITIES 9 (2,748 ) (9,456 )
NET ASSETS 208,019 196,754

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 207,919 196,654
208,019 196,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Central FM Group Ltd. (Registered number: 08057045)

Balance Sheet - continued
30 June 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 27 February 2025 and were signed on its behalf by:




O C Jones - Director M J Jones - Director




L E Morgan - Director


Central FM Group Ltd. (Registered number: 08057045)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Central FM Group 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

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, net of discounts and value added tax. Turnover is reduced for estimated customer returns, rebates and allowances. Turnover comprises of rendering of private security services and is recognised as follows:

Rendering of Services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% 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 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.

Hire purchase and leasing commitments
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.

Central FM Group Ltd. (Registered number: 08057045)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 73 (2023 - 65 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 30,022 76,411 106,433
Additions 2,946 - 2,946
At 30 June 2024 32,968 76,411 109,379
DEPRECIATION
At 1 July 2023 21,319 35,349 56,668
Charge for year 3,016 14,112 17,128
At 30 June 2024 24,335 49,461 73,796
NET BOOK VALUE
At 30 June 2024 8,633 26,950 35,583
At 30 June 2023 8,703 41,062 49,765

Included within motor vehicles is an asset on HP. The asset cost £17,500 (2023: £17,500) on which the depreciation charge in the year was £2,330 (2023: £3,500). At the year end the net book value was Nil (2023: £2,330).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 544,359 439,181
Other debtors 627,828 647,350
1,172,187 1,086,531

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 78,687 78,687
Hire purchase contracts - 2,585
Trade creditors 119,564 42,169
Taxation and social security 191,149 193,211
Other creditors 415,757 368,932
805,157 685,584

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 286,076 364,763

Central FM Group Ltd. (Registered number: 08057045)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.24 30.6.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 35,580 68,913

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 364,763 443,450
Hire purchase contracts - 2,585
Invoice Discounting 258,532 179,590
623,295 625,625

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 2,748 9,456

Deferred
tax
£   
Balance at 1 July 2023 9,456
Credit to Income Statement during year (6,708 )
Balance at 30 June 2024 2,748

10. RELATED PARTY DISCLOSURES

At the year end the company was owed £614,773 (2023: £644,084) and owed £30,000 (2023: £30,192) to companies with common directors.