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REGISTERED NUMBER: 08954755 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CENTREX PRINT SERVICES LTD

CENTREX PRINT SERVICES LTD (REGISTERED NUMBER: 08954755)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CENTREX PRINT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs C Shields
M W Heslop
M T Shields





SECRETARY: M T Shields





REGISTERED OFFICE: Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ





REGISTERED NUMBER: 08954755 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

CENTREX PRINT SERVICES LTD (REGISTERED NUMBER: 08954755)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,208 14,416
Investments 5 200,000 -
262,208 14,416

CURRENT ASSETS
Stocks 3,000 2,500
Debtors 6 415,436 317,962
Cash at bank and in hand 177,776 417,906
596,212 738,368
CREDITORS
Amounts falling due within one year 7 304,543 142,841
NET CURRENT ASSETS 291,669 595,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

553,877

609,943

CREDITORS
Amounts falling due after more than one year 8 (128,540 ) (180,846 )

PROVISIONS FOR LIABILITIES (15,552 ) (2,739 )
NET ASSETS 409,785 426,358

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 408,785 425,358
SHAREHOLDERS' FUNDS 409,785 426,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

CENTREX PRINT SERVICES LTD (REGISTERED NUMBER: 08954755)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2024


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 26 June 2025 and were signed on its behalf by:





Mrs C Shields - Director


CENTREX PRINT SERVICES LTD (REGISTERED NUMBER: 08954755)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Centrex Print Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors of the company are committed to the future of the company and ensuring that the company has adequate working capital. Accordingly the financial statements have been prepared on a going concern basis.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Income from warranty service agreements is recognised over the period to which the agreement relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


CENTREX PRINT SERVICES LTD (REGISTERED NUMBER: 08954755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 - 5,724 28,915 11,298 45,937
Additions 42,226 10,424 19,362 4,699 76,711
At 30 June 2024 42,226 16,148 48,277 15,997 122,648
DEPRECIATION
At 1 July 2023 - 2,274 21,672 7,575 31,521
Charge for year 10,557 3,486 12,069 2,807 28,919
At 30 June 2024 10,557 5,760 33,741 10,382 60,440
NET BOOK VALUE
At 30 June 2024 31,669 10,388 14,536 5,615 62,208
At 30 June 2023 - 3,450 7,243 3,723 14,416

CENTREX PRINT SERVICES LTD (REGISTERED NUMBER: 08954755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 200,000
At 30 June 2024 200,000
NET BOOK VALUE
At 30 June 2024 200,000

During the year Centrex Print Services Ltd purchased 30% of the shares in Centrex Computing Services Ltd.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 304,702 280,383
Other debtors 82,147 28,015
Directors' current accounts - 7,912
Prepayments 28,587 1,652
415,436 317,962

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 29,994 29,994
Trade creditors 86,097 72,528
Tax - 5,172
Social security and other taxes 13,221 5,761
Pension liability 1,272 799
VAT 22,246 10,000
Other creditors 90,000 2,670
Directors' current accounts 42,719 -
Deferred income 16,142 13,065
Accrued expenses 2,852 2,852
304,543 142,841

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 52,306 52,306
Bank loans - 2-5 years 76,234 128,540
128,540 180,846

CENTREX PRINT SERVICES LTD (REGISTERED NUMBER: 08954755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mrs C Shields
Balance outstanding at start of year 3,956 -
Amounts advanced - 3,956
Amounts repaid (3,956 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,956

M T Shields
Balance outstanding at start of year 3,956 -
Amounts advanced - 3,956
Amounts repaid (3,956 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,956

10. RELATED PARTY DISCLOSURES

The company is jointly controlled by its three director shareholders M Shields, C Shields and M Heslop.

The companies Centrex Computing Services Ltd, Centrex Support Services Ltd, Womble Estates Ltd, Tecserv ITServices Ltd and DMS Systems Ltd are related parties due to shared directorships between themselves and Centrex Print Services Ltd.

At 30 June 2024 Centrex Computing Services Ltd owed £3,505 to Centrex Print Services Ltd (2023: owed to Centrex Computing Services Ltd £18,075).

At 30 June 2024 DMS Systems Ltd owed £8,795 (2023: £22,724) to Centrex Print Services Ltd.

At 30 June 2024 Centrex Print Services Ltd was owed £46,760 (2023: £28,703) by Tecserv IT Services Ltd and £170 (2023:£120) by Centrex Support Services Ltd.