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REGISTERED NUMBER: SC553669 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Centrocol Limited

Centrocol Limited (Registered number: SC553669)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Centrocol Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: D Faulds
D Young
A A Macdonald





REGISTERED OFFICE: 38 Viewpark Drive
Rutherglen
Glasgow
G73 3QD





REGISTERED NUMBER: SC553669 (Scotland)





ACCOUNTANTS: Goddard Accounting and Tax Solutions
Ben Loyal Lodge
25 Kenilworth Road
Bridge Of Allan
Stirling
FK9 4EH

Centrocol Limited (Registered number: SC553669)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,792 2,541

CURRENT ASSETS
Debtors 5 426,897 382,434
Cash at bank 62,631 76,252
489,528 458,686
CREDITORS
Amounts falling due within one year 6 87,718 88,435
NET CURRENT ASSETS 401,810 370,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,602

372,792

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 404,452 372,642
SHAREHOLDERS' FUNDS 404,602 372,792

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 19 June 2025 and were signed on its behalf by:





D Young - Director


Centrocol Limited (Registered number: SC553669)

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

1. STATUTORY INFORMATION

Centrocol Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer equipment - 50% on cost
Fixtures and fittings - 25% on cost

Taxation
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 balance sheet date.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024 17,192
Additions 2,266
At 31 January 2025 19,458
DEPRECIATION
At 1 February 2024 14,651
Charge for year 2,015
At 31 January 2025 16,666
NET BOOK VALUE
At 31 January 2025 2,792
At 31 January 2024 2,541

Centrocol Limited (Registered number: SC553669)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 15,840 17,400
Amounts owed by group undertakings 411,057 340,971
Other debtors - 63
Prepayments and accrued income - 24,000
426,897 382,434

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Tax 46,615 53,655
Social security and other taxes 941 (2,384 )
VAT 18,322 14,735
Other creditors 792 2,316
Directors' current accounts 21,048 20,113
87,718 88,435

7. RELATED PARTY DISCLOSURES

During the period, the company made further loan advances to Medusa Software Limited of £32,000 and charged interest at base plus 3.25% of £24,471. The balance due from Medusa Software Limited to Centrocol Limited at 31 January 2025 is £411,057 (31 January 2024 - £340,971).

Medusa Software Limited is a UK company. Directors D Young, D Faulds, and A Macdonald, who equally own Centrocol Limited, together own 100% of Medusa Software Limited.

There are no repayment terms for the loan.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Centrocol Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Centrocol Limited for the year ended 31 January 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Centrocol Limited, as a body, in accordance with the terms of our engagement letter dated 9 April 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Centrocol Limited and state those matters that we have agreed to state to the Board of Directors of Centrocol Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Centrocol Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Centrocol Limited. You consider that Centrocol Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Centrocol Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goddard Accounting and Tax Solutions
Ben Loyal Lodge
25 Kenilworth Road
Bridge Of Allan
Stirling
FK9 4EH


19 June 2025