CENTREGLOBAL LIMITED

Company Registration Number:
SC145869 (Scotland)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

CENTREGLOBAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Additional notes
Balance sheet notes

CENTREGLOBAL LIMITED

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,581,400 1,507,260
Total fixed assets: 1,581,400 1,507,260
Current assets
Stocks: 4 17,658 26,152
Debtors: 5 1,877,607 542,587
Cash at bank and in hand: 849,817 1,785,440
Total current assets: 2,745,082 2,354,179
Creditors: amounts falling due within one year: 6 ( 565,385 ) ( 203,571 )
Net current assets (liabilities): 2,179,697 2,150,608
Total assets less current liabilities: 3,761,097 3,657,868
Creditors: amounts falling due after more than one year: 7 ( 15,780 ) ( 29,687 )
Total net assets (liabilities): 3,745,317 3,628,181
Capital and reserves
Called up share capital: 900 900
Profit and loss account: 3,744,417 3,627,281
Total Shareholders' funds: 3,745,317 3,628,181

The notes form part of these financial statements

CENTREGLOBAL LIMITED

Balance sheet statements

For the year ending 31 August 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.

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

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

This report was approved by the board of directors on 23 May 2025
and signed on behalf of the board by:

Name: John Bryden
Status: Director

The notes form part of these financial statements

CENTREGLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Freehold property 2% straight line basis Tenants improvements 10% straight line basis Equipment 20% reducing balance Fixtures & fittings 20% straight line basis Motor vehicles 25% straight line basis

    Valuation information and policy

    Stocks are stated at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

CENTREGLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 20 25

CENTREGLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 2,282,008 1,043,911 135,535 3,461,454
Additions 110,000 110,000
Disposals
Revaluations
Transfers
At 31 August 2024 2,392,008 1,043,911 135,535 3,571,454
Depreciation
At 1 September 2023 794,281 1,040,031 119,882 1,954,194
Charge for year 31,954 775 3,131 35,860
On disposals
Other adjustments
At 31 August 2024 826,235 1,040,806 123,013 1,990,054
Net book value
At 31 August 2024 1,565,773 3,105 12,522 1,581,400
At 31 August 2023 1,487,727 3,880 15,653 1,507,260

CENTREGLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Stocks

2024 2023
£ £
Stocks 17,658 26,152
Total 17,658 26,152

CENTREGLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Debtors

2024 2023
£ £
Trade debtors 60 67
Prepayments and accrued income 8,251 11,341
Other debtors 1,869,296 531,179
Total 1,877,607 542,587

CENTREGLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 10,000 5,833
Trade creditors 71,051 46,387
Taxation and social security 388,063 36,362
Accruals and deferred income 4,499 13,801
Other creditors 91,772 101,188
Total 565,385 203,571

CENTREGLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 15,780 29,687
Total 15,780 29,687

CENTREGLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

8. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Directors Loan Account
£
Balance at 31 August 2023 395,551
Advances or credits made: 1,000,000
Advances or credits repaid:
Balance at 31 August 2024 1,395,551