CENTRAL CASH AND CARRY (WATFORD) LIMITED

Company Registration Number:
02924194 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

CENTRAL CASH AND CARRY (WATFORD) LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

CENTRAL CASH AND CARRY (WATFORD) LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 45,514 47,987
Total fixed assets: 45,514 47,987
Current assets
Stocks: 118,400 107,100
Debtors:   717,777 741,477
Cash at bank and in hand: 361,222 266,396
Total current assets: 1,197,399 1,114,973
Creditors: amounts falling due within one year:   (1,014,910) (937,062)
Net current assets (liabilities): 182,489 177,911
Total assets less current liabilities: 228,003 225,898
Creditors: amounts falling due after more than one year:   (23,006) (43,772)
Provision for liabilities: (10,209) (11,450)
Total net assets (liabilities): 194,788 170,676
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 194,786 170,674
Shareholders funds: 194,788 170,676

The notes form part of these financial statements

CENTRAL CASH AND CARRY (WATFORD) LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 April 2025
and signed on behalf of the board by:

Name: Mr F Milton Roberto
Status: Director

The notes form part of these financial statements

CENTRAL CASH AND CARRY (WATFORD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received for goods and services net of VAT.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Land and buildings leasehold Straight line over the life of the lease Plant and machinery 25% reducing balance Fixtures, fittings and equipment 25% reducing balance Computer equipment 33.33% straight line Motor vehicles 25% reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

Valuation and information policy

Stock Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Stock comprises of food, drink and confectioneries.

Other accounting policies

Financial instruments The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Taxation The tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. Deferred tax Deferred tax liabilities are generally recognised for all timing differences and 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 calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

CENTRAL CASH AND CARRY (WATFORD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 19 18

CENTRAL CASH AND CARRY (WATFORD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 219,043
Additions 11,708
Disposals (94,068)
At 31 July 2024 136,683
Depreciation
At 01 August 2023 171,056
Charge for year 14,181
On disposals (94,068)
At 31 July 2024 91,169
Net book value
At 31 July 2024 45,514
At 31 July 2023 47,987

CENTRAL CASH AND CARRY (WATFORD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Financial commitments

At the year end the company has outstanding commitments for lease payments of £188,465 (2023 - £282,000) for non-cancellable operating leases.

CENTRAL CASH AND CARRY (WATFORD) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Related party transactions

Name of the related party:
Relationship:
Director
Description of the Transaction: At the balance sheet date, £1,260 (2023 - £2,375) was owed to the director.
£
Balance at 01 August 2023 2,375
Balance at 31 July 2024 1,260
Name of the related party:
Relationship:
Related party companies
Description of the Transaction: At the balance sheet date, £93,247 (2023 - £216,967) were owed to related party companies. The related party companies are controlled by the director.
£
Balance at 01 August 2023 216,967
Balance at 31 July 2024 93,247
Name of the related party:
Relationship:
Related party companies
Description of the Transaction: At the balance sheet date, £323,520 (2023 - £317,116) were owed by related party companies. The related party companies are controlled by the director. Included within the above balances are debtors amounting to £323,520 (2023 - £317,116) which are due after more than one year. These unsecured loans are provided free of any interest charge and without any repayment terms.
£
Balance at 01 August 2023 317,116
Balance at 31 July 2024 323,520

Parent company In the opinion of the director, the ultimate holding company is considered to be Himelight Holdings Limited, a company incorporated in the UK whose registered office is situated at 1 Warner House, Harrovian Business Village, Bessborough Road, Harrow, Middlesex, HA1 3EX. The parent company is controlled by Mr F Milton Roberto and Mrs S C Fu by virtue of their shareholding.