Company registration number 14121162 (England and Wales)
CENTRELINE COATINGS LTD,
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
CENTRELINE COATINGS LTD,
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CENTRELINE COATINGS LTD,
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
157
135
Cash at bank and in hand
223,765
92,177
223,922
92,312
Creditors: amounts falling due within one year
4
(50,132)
(32,163)
Net current assets
173,790
60,149
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
173,789
60,148
Total equity
173,790
60,149

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 7 March 2025
Michael Moody
Director
Company registration number 14121162 (England and Wales)
CENTRELINE COATINGS LTD,
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information

Centreline Coatings Ltd, is a private company limited by shares incorporated in England and Wales. The registered office is 108 Thornhill Park Road, Southampton, SO18 5TS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.4
Foreign exchange

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

CENTRELINE COATINGS LTD,
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
157
135

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.

4
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
465
71
Taxation and social security
48,932
31,487
Other creditors
735
605
50,132
32,163

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.

5
Directors' transactions
Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
MOODY, Michael Frederick
-
(71)
(394)
(465)
(71)
(394)
(465)
2025-01-31 2024-02-01 false false false 07 March 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr M F A Moody 14121162 2024-02-01 2025-01-31 14121162 2025-01-31 14121162 2024-01-31 14121162 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 14121162 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 14121162 core:CurrentFinancialInstruments 2025-01-31 14121162 core:CurrentFinancialInstruments 2024-01-31 14121162 core:ShareCapital 2025-01-31 14121162 core:ShareCapital 2024-01-31 14121162 core:RetainedEarningsAccumulatedLosses 2025-01-31 14121162 core:RetainedEarningsAccumulatedLosses 2024-01-31 14121162 bus:Director1 2024-02-01 2025-01-31 14121162 2023-02-01 2024-01-31 14121162 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 14121162 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 14121162 bus:FRS102 2024-02-01 2025-01-31 14121162 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 14121162 bus:FullAccounts 2024-02-01 2025-01-31 xbrli:pure xbrli:shares iso4217:GBP