| REGISTERED NUMBER: |
| Centurion Retreads Limited |
| Unaudited Financial Statements for the Year Ended 30 August 2024 |
| REGISTERED NUMBER: |
| Centurion Retreads Limited |
| Unaudited Financial Statements for the Year Ended 30 August 2024 |
| Centurion Retreads Limited (Registered number: 08688477) |
| Contents of the Financial Statements |
| for the Year Ended 30 August 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Centurion Retreads Limited |
| Company Information |
| for the Year Ended 30 August 2024 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| Craven House |
| 32 Lee Lane |
| Horwich |
| Bolton |
| Greater Manchester |
| BL6 7BY |
| Centurion Retreads Limited (Registered number: 08688477) |
| Statement of Financial Position |
| 30 August 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| Fixed assets |
| Tangible assets | 3 |
| Current assets |
| Stocks |
| Debtors | 4 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Creditors |
| Amounts falling due after more than one year |
6 |
| Net liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 7 |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| 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. |
| Centurion Retreads Limited (Registered number: 08688477) |
| Statement of Financial Position - continued |
| 30 August 2024 |
| The financial statements were approved by the director and authorised for issue on |
| Centurion Retreads Limited (Registered number: 08688477) |
| Notes to the Financial Statements |
| for the Year Ended 30 August 2024 |
| 1. | Statutory information |
| Centurion Retreads Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses. |
| Stocks |
| Stocks are measured at estimated cost. |
| Financial instruments |
| The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings. |
| Taxation |
| The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year. |
| Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date. |
| Centurion Retreads Limited (Registered number: 08688477) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 August 2024 |
| 2. | Accounting policies - continued |
| Going concern |
| The company continues to rely on the ongoing financial support of its connected company in respect of the unsecured inter company loan to facilitate the continuation of its trading activity. The company has agreed to only withdraw the loan in small tranches as and when cash flow permits. The director is therefore able to prepare the financial statements on the basis of the going concern concept. |
| 3. | Tangible fixed assets |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| Cost |
| At 31 August 2023 |
| and 30 August 2024 |
| Depreciation |
| At 31 August 2023 |
| Charge for year |
| At 30 August 2024 |
| Net book value |
| At 30 August 2024 |
| At 30 August 2023 |
| 4. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 5. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Bank loan |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Centurion Retreads Limited (Registered number: 08688477) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 August 2024 |
| 6. | Creditors: amounts falling due after more than one year |
| 2024 | 2023 |
| £ | £ |
| Bank loan |
| Other creditors |
| 7. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary shares | 1 | 100 | 100 |