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REGISTERED NUMBER: 02856395 (England and Wales)















Financial Statements for the Year Ended 30 October 2024

for

Central Axle Services (Midlands) Limited

Central Axle Services (Midlands) Limited (Registered number: 02856395)






Contents of the Financial Statements
for the Year Ended 30 October 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Central Axle Services (Midlands) Limited

Company Information
for the Year Ended 30 October 2024







DIRECTOR: Mr T Evans





REGISTERED OFFICE: 74 Grange Road
Dudley
West Midlands
DY1 2AW





REGISTERED NUMBER: 02856395 (England and Wales)

Central Axle Services (Midlands) Limited (Registered number: 02856395)

Abridged Balance Sheet
30 October 2024

30.10.24 30.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 650,000 651,147

CURRENT ASSETS
Stocks 2,527 2,496
Debtors 28,040 18,935
Cash at bank 10,830 30,011
41,397 51,442
CREDITORS
Amounts falling due within one year 151,311 156,590
NET CURRENT LIABILITIES (109,914 ) (105,148 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

540,086

545,999

CREDITORS
Amounts falling due after more than one year 9,824 19,888
NET ASSETS 530,262 526,111

CAPITAL AND RESERVES
Called up share capital 6 100 100
Revaluation reserve 494,211 494,211
Retained earnings 35,951 31,800
SHAREHOLDERS' FUNDS 530,262 526,111

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Central Axle Services (Midlands) Limited (Registered number: 02856395)

Abridged Balance Sheet - continued
30 October 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 June 2025 and were signed by:





Mr T Evans - Director


Central Axle Services (Midlands) Limited (Registered number: 02856395)

Notes to the Financial Statements
for the Year Ended 30 October 2024

1. STATUTORY INFORMATION

Central Axle Services (Midlands) Limited 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 as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis based upon the continuing support from the director Mr T Evans.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 0%
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Stocks
Stock is valued at the lower of cost and net realisable 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 Axle Services (Midlands) Limited (Registered number: 02856395)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 31 October 2023
and 30 October 2024 738,544
DEPRECIATION
At 31 October 2023 87,397
Charge for year 1,147
At 30 October 2024 88,544
NET BOOK VALUE
At 30 October 2024 650,000
At 30 October 2023 651,147

Cost or valuation at 30 October 2024 is represented by:

Totals
£   
Valuation in 2010 153,485
Valuation in 2020 340,000
Valuation in 2021 726
Cost 244,333
738,544

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.10.24 30.10.23
£    £   
Cost 156,515 156,515
Aggregate depreciation 726 726

Value of land in freehold land and buildings 155,789 155,789

Freehold land and buildings were valued on an open market basis on 30 October 2024 by the director .

Central Axle Services (Midlands) Limited (Registered number: 02856395)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2024

5. SECURED DEBTS

The bank loan is secured by a first legal mortgage over 220 Montgomery Street, Sparkbrook, Birmingham, West Midlands, B11 1DS, together with a personal guarantee from the director.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.10.24 30.10.23
value: £    £   
100 Ordinary £1 100 100