| Central Patternmaking Limited |
| Registered number: |
01245144 |
| Balance Sheet |
| as at 30 September 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,050,759 |
|
|
1,051,633 |
|
| Current assets |
| Stocks |
|
|
26,113 |
|
|
17,526 |
| Debtors |
4 |
|
249,827 |
|
|
360,325 |
| Cash at bank and in hand |
|
|
9,204 |
|
|
287,970 |
|
|
|
285,144 |
|
|
665,821 |
|
| Creditors: amounts falling due within one year |
6 |
|
(311,511) |
|
|
(198,506) |
|
| Net current (liabilities)/assets |
|
|
|
(26,367) |
|
|
467,315 |
|
| Total assets less current liabilities |
|
|
|
1,024,392 |
|
|
1,518,948 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(27,419) |
|
|
(32,610) |
|
| Provisions for liabilities |
|
|
|
(93,044) |
|
|
(87,202) |
|
| Net assets |
|
|
|
903,929 |
|
|
1,399,136 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
20,200 |
|
|
20,200 |
| Revaluation reserve |
9 |
|
|
408,438 |
|
|
413,873 |
| Profit and loss account |
|
|
|
475,291 |
|
|
965,063 |
|
| Shareholder's funds |
|
|
|
903,929 |
|
|
1,399,136 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| C Fulford |
| Director |
| Approved by the board on 24 September 2025 |
|
| Central Patternmaking Limited |
| Notes to the Accounts |
| for the year ended 30 September 2024 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention, unless otherwise specified at revaluation within these accounting policies, and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are initially measured at cost less accumulative depreciation and any accumulative impairment losses. Freehold property has subsequently been remeasured at the Directors' best estimate of open market value. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, at the rates recorded below. |
|
|
Freehold property |
2% straight line |
|
Plant, machinery and fittings |
15% reducing balance |
|
Computer equipment |
33% straight line |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
18 |
|
25 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Freehold property |
|
Plant, machinery and fittings |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost / Valuation |
|
At 1 October 2023 |
785,000 |
|
1,624,640 |
|
65,840 |
|
2,475,480 |
|
Additions |
- |
|
25,294 |
|
- |
|
25,294 |
|
Disposals |
- |
|
- |
|
(37,310) |
|
(37,310) |
|
At 30 September 2024 |
785,000 |
|
1,649,934 |
|
28,530 |
|
2,463,464 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2023 |
- |
|
1,370,291 |
|
53,556 |
|
1,423,847 |
|
Charge for the year |
5,019 |
|
6,697 |
|
4,894 |
|
16,610 |
|
Surplus on revaluation |
7,247 |
|
- |
|
- |
|
7,247 |
|
On disposals |
- |
|
- |
|
(34,999) |
|
(34,999) |
|
At 30 September 2024 |
12,266 |
|
1,376,988 |
|
23,451 |
|
1,412,705 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2024 |
772,734 |
|
272,946 |
|
5,079 |
|
1,050,759 |
|
At 30 September 2023 |
785,000 |
|
254,349 |
|
12,284 |
|
1,051,633 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2024 |
|
2023 |
| £ |
£ |
|
Historical cost |
422,661 |
|
422,661 |
|
Cumulative depreciation based on historical cost |
157,804 |
|
149,328 |
|
|
|
|
|
|
264,857 |
|
273,333 |
|
The company's freehold property was revalued by the directors on 30 September 2023 to £785,000. |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
213,164 |
|
330,409 |
|
Other debtors |
36,663 |
|
29,916 |
|
|
|
|
|
|
249,827 |
|
360,325 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Investments held as current assets |
2024 |
|
2023 |
| £ |
£ |
|
|
Fair value |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Increase in fair value included in the profit and loss account for the financial year |
|
Listed investments |
- |
|
5,081 |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
5,364 |
|
5,211 |
|
Obligations under hire purchase contracts |
- |
|
1,119 |
|
Trade creditors |
103,241 |
|
80,879 |
|
Taxation and social security costs |
161,039 |
|
93,572 |
|
Other creditors |
41,867 |
|
17,725 |
|
|
|
|
|
|
311,511 |
|
198,506 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
27,419 |
|
32,610 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Secured borrowings |
2024 |
|
2023 |
| £ |
£ |
|
Creditors include: |
|
|
Secured borrowings |
- |
|
1,119 |
|
|
|
|
|
|
|
|
|
|
Obligations under hire purchase contracts were secured on those assets concerned. |
|
|
| 9 |
Revaluation reserve |
2024 |
|
2023 |
| £ |
£ |
|
|
At 1 October 2023 |
413,873 |
|
376,058 |
|
Gain on revaluation of freehold property |
- |
|
46,565 |
|
Deferred taxation reversal/(arising) on the revaluation of freehold property |
|
1,812 |
|
(8,750) |
|
Depreciation transfer on revaluation surplus |
(7,247) |
|
- |
|
|
At 30 September 2024 |
408,438 |
|
413,873 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Other financial commitments |
2024 |
|
2023 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
11,520 |
|
2,280 |
|
|
|
|
|
|
|
|
|
|
| 11 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
J M Sawbridge (Resigned 21 December 2023) |
|
Repayable on demand with 0% interest charged. Repaid 25 March 2024. |
5,598 |
|
- |
|
(5,598) |
|
- |
|
|
|
5,598 |
|
- |
|
(5,598) |
|
- |
|
|
|
|
|
|
|
|
|
|
| 12 |
Controlling party |
|
|
The company is a wholly owned subsidiary of Crees Fulford Limited incorporated in England & Wales. Consolidated accounts are not required due to the largest group of which the company forms a part being small. The group is not under the control of any one individual. |
|
|
| 13 |
Other information |
|
|
Central Patternmaking Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Stringes Lane |
|
Willenhall |
|
West Midlands |
|
WV13 1LU |