Company No: 07004547 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	103,826		117,768
Tangible assets	4	179,870		185,643
Investments	5	54,988		54,988
		338,684		358,399
Current assets
Stocks	6	400,035		446,835
Debtors	7	52,388		44,651
Cash at bank and in hand		767,161		634,295
		1,219,584		1,125,781
Creditors: amounts falling due within one year	8	( 780,538)		( 729,618)
Net current assets		439,046		396,163
Total assets less current liabilities		777,730		754,562
Net assets		777,730		754,562
Capital and reserves
Called-up share capital	9	1,000		1,000
Profit and loss account		776,730		753,562
Total shareholders' funds		777,730		754,562

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Centrego Limited (registered number: 07004547) were approved and authorised for issue by the Board of Directors on 22 September 2025. They were signed on its behalf by:

A J Jones Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Centrego Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Coach House Newbury, Nr Mells, Frome, BA11 3RG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	5 years straight line
Vehicles	5 years straight line
Fixtures and fittings	3 years straight line
Office equipment	3 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		3

3. Intangible assets

	Trademarks, patents and licences		Total
	£		£
Cost
At 01 January 2024	223,935		223,935
Additions	16,934		16,934
At 31 December 2024	240,869		240,869
Accumulated amortisation
At 01 January 2024	106,167		106,167
Charge for the financial year	30,876		30,876
At 31 December 2024	137,043		137,043
Net book value
At 31 December 2024	103,826		103,826
At 31 December 2023	117,768		117,768

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Computer equipment		Total
	£		£		£		£		£		£		£
Cost
At 01 January 2024	207,985		12,366		7,495		36,040		784		3,516		268,186
At 31 December 2024	207,985		12,366		7,495		36,040		784		3,516		268,186
Accumulated depreciation
At 01 January 2024	24,959		10,840		7,495		35,059		784		3,406		82,543
Charge for the financial year	4,160		678		0		825		0		110		5,773
At 31 December 2024	29,119		11,518		7,495		35,884		784		3,516		88,316
Net book value
At 31 December 2024	178,866		848		0		156		0		0		179,870
At 31 December 2023	183,026		1,526		0		981		0		110		185,643

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	54,988		54,988
At 31 December 2024	54,988		54,988
Carrying value at 31 December 2024	54,988		54,988
Carrying value at 31 December 2023	54,988		54,988

Investments in shares

Name of entity	Registered office	Class of shares	Ownership 31.12.2024	Ownership 31.12.2023
Flow Water Technologies Group Limited	England & Wales	Ordinary	22.00%	22.00%

6. Stocks

	2024		2023
	£		£
Stocks	159,994		167,274
Work in progress	240,041		279,561
	400,035		446,835

7. Debtors

	2024		2023
	£		£
Trade debtors	30,174		29,544
Other debtors	22,214		15,107
	52,388		44,651

8. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	58,820		21,831
Other taxation and social security	7,811		15,997
Other creditors	713,907		691,790
	780,538		729,618

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary £1 shares of £ 1.00 each	1,000		1,000