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REGISTERED NUMBER: SC090665 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CENTRAL PERIPHERALS LIMITED

CENTRAL PERIPHERALS LIMITED (REGISTERED NUMBER: SC090665)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CENTRAL PERIPHERALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J D Richards





REGISTERED OFFICE: 15 Station Road
Dollar
Clackmannanshire
FK14 7EJ





REGISTERED NUMBER: SC090665 (Scotland)

CENTRAL PERIPHERALS LIMITED (REGISTERED NUMBER: SC090665)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,032 1,376

CURRENT ASSETS
Stocks 29,262 16,710
Debtors 5 43,172 29,043
Cash at bank 26,130 34,188
98,564 79,941
CREDITORS
Amounts falling due within one year 6 55,030 36,347
NET CURRENT ASSETS 43,534 43,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,566

44,970

CAPITAL AND RESERVES
Called up share capital 800 800
Share premium 14,800 14,800
Retained earnings 28,966 29,370
SHAREHOLDERS' FUNDS 44,566 44,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 PERIPHERALS LIMITED (REGISTERED NUMBER: SC090665)

BALANCE SHEET - continued
31 MARCH 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





J D Richards - Director


CENTRAL PERIPHERALS LIMITED (REGISTERED NUMBER: SC090665)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Central Peripherals Limited is a private company, limited by shares, registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company in the year under review was that selling barcode scanning equipment and associated services.

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.

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

Going concern
The director is not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods and services rendered, net of discounts and rebates allowed by the company and excluding value added tax or any other sales tax, having regard to the fulfilment of contractual obligations.

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 - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

CENTRAL PERIPHERALS LIMITED (REGISTERED NUMBER: SC090665)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs are based on the method most appropriate to the type of inventory class, but usually on the first in first out basis. Overheads are charged to the profit and loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or
selling costs.

When stocks are sold, the carrying amounts of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write- down or loss occurs. The amount of any reversal of any write down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

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.

Financial assets and liabilities
Trade and other debtors are initially recognised at transaction price and are subsequently remeasured to amortised cost using the effective interest method, less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost
less impairment losses for bad and doubtful debts.

Loans receivable are measured initially at fair value, net of transaction costs, and non-current loans receivable are subsequently remeasured to amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents comprise cash at bank and in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within current liabilities.

Trade and other creditors are initially recognised at transaction price and are subsequently remeasured to amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

CENTRAL PERIPHERALS LIMITED (REGISTERED NUMBER: SC090665)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 2,075 38,449 2,877 43,401
DEPRECIATION
At 1 April 2023 2,075 37,073 2,877 42,025
Charge for year - 344 - 344
At 31 March 2024 2,075 37,417 2,877 42,369
NET BOOK VALUE
At 31 March 2024 - 1,032 - 1,032
At 31 March 2023 - 1,376 - 1,376

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 42,472 28,343
Other debtors 700 700
43,172 29,043

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 14,189 11,011
Amounts owed to group undertakings 37,203 21,019
Taxation and social security 1,761 2,517
Other creditors 1,877 1,800
55,030 36,347