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Registered number: 07803059









CENTRELINE ACCESS SOLUTIONS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
CENTRELINE ACCESS SOLUTIONS LTD
REGISTERED NUMBER: 07803059

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,060
3,019

  
3,060
3,019

Current assets
  

Debtors: amounts falling due within one year
 5 
6,605
15,113

Cash at bank and in hand
 6 
2,618
6,576

  
9,223
21,689

Creditors: amounts falling due within one year
 7 
(9,310)
(14,929)

Net current (liabilities)/assets
  
 
 
(87)
 
 
6,760

Total assets less current liabilities
  
2,973
9,779

Creditors: amounts falling due after more than one year
 8 
(2,972)
(4,384)

  

Net assets
  
1
5,395


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
-
5,394

  
1
5,395


Page 1

 
CENTRELINE ACCESS SOLUTIONS LTD
REGISTERED NUMBER: 07803059
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 June 2025.






................................................
Jonathan Willis
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CENTRELINE ACCESS SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Centreline Access Solutions Limited is a private company limited by share capital,  incorporated in England and Wales. The principal activity of the Company throughout the year was that of an industrial rope access specialist.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
CENTRELINE ACCESS SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CENTRELINE ACCESS SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 November 2023
24,945
4,197
29,142


Additions
-
1,062
1,062



At 31 October 2024

24,945
5,259
30,204



Depreciation


At 1 November 2023
22,206
3,917
26,123


Charge for the year on owned assets
685
336
1,021



At 31 October 2024

22,891
4,253
27,144



Net book value



At 31 October 2024
2,054
1,006
3,060



At 31 October 2023
2,739
280
3,019

Page 5

 
CENTRELINE ACCESS SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
1,216
6,590

Other debtors
4,937
8,174

Prepayments and accrued income
452
349

6,605
15,113



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,618
6,576

2,618
6,576



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
2,744
4,046

Trade creditors
598
268

Corporation tax
3,907
7,048

Other taxation and social security
8
1,966

Other creditors
829
443

Accruals and deferred income
1,224
1,158

9,310
14,929


Included in other creditors is a director's loan balance of £155 (2023 - £Nil) in relation to Jonathan Willis


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,972
4,384

2,972
4,384


Page 6

 
CENTRELINE ACCESS SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
2,744
4,046


2,744
4,046

Amounts falling due 2-5 years

Bank loans
2,972
4,384

5,716
8,430



10.


Controlling party

The Company is controlled by the director, Jonathan Willis, by virtue of his shareholding as described in the Director's report.

 
Page 7