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COMPANY REGISTRATION NUMBER: 08514747
Certech Associates Limited
Filleted Unaudited Financial Statements
31 March 2025
Certech Associates Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
£
Fixed assets
Tangible assets
5
183
1,316
Current assets
Cash at bank and in hand
12,595
13,095
Creditors: amounts falling due within one year
6
9,001
13,189
--------
--------
Net current assets/(liabilities)
3,594
( 94)
-------
-------
Total assets less current liabilities
3,777
1,222
Creditors: amounts falling due after more than one year
7
998
2,998
-------
-------
Net assets/(liabilities)
2,779
( 1,776)
-------
-------
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
2,778
( 1,777)
-------
-------
Shareholders funds/(deficit)
2,779
( 1,776)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Certech Associates Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 16 June 2025 , and are signed on behalf of the board by:
Mr S P Easton
Director
Company registration number: 08514747
Certech Associates Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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 measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Average number of employees
During the year the average number of employees was 1 (2024: 1) which consisted of the director only.
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2024
21,710
21,710
Disposals
( 3,850)
( 3,850)
--------
--------
At 31 March 2025
17,860
17,860
--------
--------
Depreciation
At 1 April 2024
20,394
20,394
Charge for the year
888
888
Disposals
( 3,605)
( 3,605)
--------
--------
At 31 March 2025
17,677
17,677
--------
--------
Carrying amount
At 31 March 2025
183
183
--------
--------
At 31 March 2024
1,316
1,316
--------
--------
6. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
2,000
2,000
Trade creditors
1,170
Accruals and deferred income
1,292
1,230
Corporation tax
3,989
4,669
Director loan accounts
1,108
3,509
Other creditors
612
611
-------
--------
9,001
13,189
-------
--------
7. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
998
2,998
----
-------
8. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
9. Related party transactions
(Increase)/ decrease in loan Balance at 31 March Dr/(Cr)
£ £
Directors
31 March 2025 2,401 (1,108)
31 March 2024 2,660 (3,509)