REGISTERED NUMBER: 10831910 (England and Wales)

CENTRICK GROUP LIMITED

Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J W Ackrill

C M Ackrill

REGISTERED OFFICE:

2nd Floor

The Exchange

17-19 Newhall Street

Birmingham

West Midlands

B3 3PJ

REGISTERED NUMBER:

10831910 (England and Wales)

AUDITORS:

Michael Dufty Partnership Limited

Statutory Auditors

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Intangible assets

4

26,387

36,921

Tangible assets

5

20,245

32,645

Investments

6

28,892

28,892

75,524

98,458

CURRENT ASSETS

Debtors

7

814,050

267,534

Cash at bank

146,599

169,292

960,649

436,826

CREDITORS

Amounts falling due within one year

8

927,757

427,653

NET CURRENT ASSETS

32,892

9,173

TOTAL ASSETS LESS CURRENT LIABILITIES

108,416

107,631

PROVISIONS FOR LIABILITIES

4,907

4,486

NET ASSETS

103,509

103,145

CAPITAL AND RESERVES

Called up share capital

1,395

1,395

Share-based payment reserve

51,896

-

Retained earnings

50,218

101,750

103,509

103,145

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 Group 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.

Preparation of consolidated financial statements

The financial statements contain information about Centrick Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Centrick Group Holdings Limited, 2nd Floor The Exchange 17-19 Newhall street, Birmingham B3 3PJ.

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

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, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

33% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiaries are measured at cost less accumulated impairment

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 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, loans to related parties and investments in non-puttable ordinary shares.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by shareholders at an annual general meeting.

Share-based payments

The equity settled share option programme allows employees to acquire shares of the company. The fair value of options granted is recognised as an employee expense with a corresponding increase in equity. The fair value is measured using the Black-Scholes model at grant date and spread over the period during which the employees become unconditionally entitled to the options. The expense is allocated over the vesting period based on the best available estimate of the number of share options expected to vest. Non-market conditions are included in assumptions about the number of options that are expected to become exercisable. Payments made to employees on cancellation of an equity-settled award are accounted for as a repurchase of an equity interest and deducted from equity. Any excess of the payment over the fair value of the award calculated at the date of cancellation is treated as an expense.

Share-based payments reserve

This comprises the cumulative share-based payment charge recognised in the Statement of Comprehensive Income in relation to equity-settled options and share rights issued but not yet exercised

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

47,976

Additions

4,152

At 31 December 2024

52,128

AMORTISATION

At 1 January 2024

11,055

Amortisation for year

14,686

At 31 December 2024

25,741

NET BOOK VALUE

At 31 December 2024

26,387

At 31 December 2023

36,921

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

122,997

29,550

14,499

167,046

Additions

-

8,568

11,363

19,931

At 31 December 2024

122,997

38,118

25,862

186,977

DEPRECIATION

At 1 January 2024

103,377

20,779

10,245

134,401

Charge for year

19,619

8,662

4,050

32,331

At 31 December 2024

122,996

29,441

14,295

166,732

NET BOOK VALUE

At 31 December 2024

1

8,677

11,567

20,245

At 31 December 2023

19,620

8,771

4,254

32,645

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

28,892

NET BOOK VALUE

At 31 December 2024

28,892

At 31 December 2023

28,892

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

616,271

170,270

Amounts owed by related parties

-

79,812

Other debtors

167,457

860

Prepayments

30,322

16,592

814,050

267,534

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

213,033

78,435

Amounts owed to group undertakings

412,206

60,682

Tax

5,871

36,926

Social security and other taxes

161,369

92,038

Other creditors

11,246

6,389

Directors' current accounts

-

69,672

Accruals and deferred income

124,032

83,511

927,757

427,653

9.	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

10.	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.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr and Mrs Ackrill by virtue of their majority shareholding

12.	SHARE-BASED PAYMENT TRANSACTIONS

The company operates an HMRC approved executive management incentive plan (EMI).

The vesting conditions are based on shareholder exit. The scheme was agreed by all parties on the 14 May 2021

No share options have been exercised during the period. The number and weighted average exercise price of share options are as follows:

2024

2024

Weighted average

Number of options

exercise price (pounds)

(number)

Outstanding at start of the period

5,000

4.00

Granted during the period

0.00

0.00

Lapsed during the period

0.00

0.00

Outstanding at end of the period

5,000

4.00

Exercisable at end of the period

5,000

-

Options outstanding as at 31st December 2024 all have an exercise price of £5,000. The weighted average remaining contractual life of the options is 6 Years.

Charge to the profit and loss account

The total expense that has been recognised in profit or loss for the period in respect of share-based payment transactions, included in administrative expenses, comprises:

2024

£

Share-based payments charges

51,896

2 additional options were granted post year end on 17 January 2025, these are not included in the above as they were granted after the balance sheet date.