REGISTERED NUMBER: 05402598 (England and Wales)

CENTRICK LIMITED

Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C M Ackrill

J W Ackrill

SECRETARY:

C M Ackrill

REGISTERED OFFICE:

2nd Floor

The Exchange

17-19 Newhall Street

Birmingham

West Midlands

B3 3PJ

REGISTERED NUMBER:

05402598 (England and Wales)

AUDITORS:

Michael Dufty Partnership Limited

Statutory Auditors

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

4

125,530

10,926

CURRENT ASSETS

Stocks

3,365

-

Debtors

5

1,890,610

1,762,021

Cash at bank

52,395

8,221

1,946,370

1,770,242

CREDITORS

Amounts falling due within one year

6

1,121,082

1,082,359

NET CURRENT ASSETS

825,288

687,883

TOTAL ASSETS LESS CURRENT LIABILITIES

950,818

698,809

PROVISIONS FOR LIABILITIES

29,587

36

NET ASSETS

921,231

698,773

CAPITAL AND RESERVES

Called up share capital

480

480

Retained earnings

920,751

698,293

921,231

698,773

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 29 September 2025 and were signed on its behalf by:

J W Ackrill - Director

1.	STATUTORY INFORMATION

Centrick 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, 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.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 147 (2023 - 138 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

5,595

6,925

65,842

78,362

Additions

-

137,482

6,076

143,558

At 31 December 2024

5,595

144,407

71,918

221,920

DEPRECIATION

At 1 January 2024

5,595

4,873

56,968

67,436

Charge for year

-

21,743

7,211

28,954

At 31 December 2024

5,595

26,616

64,179

96,390

NET BOOK VALUE

At 31 December 2024

-

117,791

7,739

125,530

At 31 December 2023

-

2,052

8,874

10,926

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,008,240

1,142,193

Amounts owed by group undertakings

507,518

175,357

Amounts owed by related parties

15,873

191

Other debtors

358,979

444,280

1,890,610

1,762,021

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

411,308

426,551

Amounts owed to group undertakings

-

88,770

Taxation and social security

421,584

347,845

Other creditors

288,190

219,193

1,121,082

1,082,359

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Robert Maclaren FCCA (Senior Statutory Auditor)

for and on behalf of Michael Dufty Partnership Limited

8.	ULTIMATE PARENT COMPANY

The largest group in which these accounts are consolidated is in that of Centrick Group Holdings Limited, 2nd Floor, The Exchange, 17-19 Newhall Street, Birmingham, B3 3PJ, UK, which is the ultimate parent company.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr & Mrs Ackrill by virtu of their majority shareholding in the parent company