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REGISTERED NUMBER: SC119951 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Central Industrial Services Limited

Central Industrial Services Limited (Registered number: SC119951)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Central Industrial Services Limited (Registered number: SC119951)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,387,565 2,313,030

CURRENT ASSETS
Debtors 5 682,200 1,169,515
Cash at bank and in hand 1,350,545 3,521,633
2,032,745 4,691,148
CREDITORS
Amounts falling due within one year 6 (670,681 ) (1,914,725 )
NET CURRENT ASSETS 1,362,064 2,776,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,749,629

5,089,453

CREDITORS
Amounts falling due after more than one
year

7

-

(339,393

)

PROVISIONS FOR LIABILITIES (516,694 ) (528,492 )
NET ASSETS 3,232,935 4,221,568

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 3,132,935 4,121,568
SHAREHOLDERS' FUNDS 3,232,935 4,221,568

Central Industrial Services Limited (Registered number: SC119951)

Statement of Financial Position - continued
31 March 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 2 June 2025 and were signed on its behalf by:





David Hadley Cartwright - Director


Central Industrial Services Limited (Registered number: SC119951)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Central Industrial Services Limited is a private company, limited by shares, domiciled in Scotland, registration number SC119951. The registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, FK3 8WX.

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 represents net invoiced sales of industrial services excluding value added tax. Sales are recognised at the point at which the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Central Industrial Services Limited (Registered number: SC119951)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2024 - 63 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 6,438,088
Additions 885,620
Disposals (508,605 )
At 31 March 2025 6,815,103
DEPRECIATION
At 1 April 2024 4,125,058
Charge for year 731,291
Eliminated on disposal (428,811 )
At 31 March 2025 4,427,538
NET BOOK VALUE
At 31 March 2025 2,387,565
At 31 March 2024 2,313,030

Central Industrial Services Limited (Registered number: SC119951)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024 1,581,168
Additions 121,645
Transfer to ownership (1,702,813 )
At 31 March 2025 -
DEPRECIATION
At 1 April 2024 626,254
Charge for year 252,100
Transfer to ownership (878,354 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 954,914

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 537,751 1,096,344
Other debtors 144,449 73,171
682,200 1,169,515

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts - 439,810
Trade creditors 199,761 452,912
Taxation and social security 394,362 798,272
Other creditors 76,558 223,731
670,681 1,914,725

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts - 339,393

Central Industrial Services Limited (Registered number: SC119951)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Hire purchase contracts - 779,203

Balances due on hire purchase agreements are secured on the assets to which they relate.