Center Developments Limited 31/03/2025 iXBRL

Company registration number: 06421438

Center Developments Limited

Unaudited filleted financial statements

31 March 2025

Center Developments Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Center Developments Limited

Directors and other information


	Director	Mr S V Williams


	Secretary	Mrs L Williams


	Company number	06421438


	Registered office	First Floor
		99 Bancroft
		Hitchin
		Hertfordshire
		SG5 1NQ


	Accountants	Hicks and Company
		Chartered accountants
		First Floor
		99 Bancroft
		Hitchin
		Hertfordshire
		SG5 1NQ




	Bankers	HSBC
		1 Market Place
		Hitchin
		Hertfordshire
		SG5 1DR

Center Developments Limited

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of Center Developments Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Center Developments Limited for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of Center Developments Limited, as a body, in accordance with the terms of our engagement letter dated 4 June 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Center Developments Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Center Developments Limited and its director as a body for our work or for this report.

It is your duty to ensure that Center Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Center Developments Limited. You consider that Center Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Center Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered accountants

First Floor

99 Bancroft

Hitchin

Hertfordshire

SG5 1NQ

22 October 2025

Center Developments Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	34,875		1,856
		_______		_______
			34,875		1,856

Current assets
Stocks		1,000		1,000
Debtors	7	28,011		25,858
Cash at bank and in hand		10,049		7,091
		_______		_______
		39,060		33,949
Creditors: amounts falling due
within one year	8	( 28,668)		( 30,526)
		_______		_______
Net current assets			10,392		3,423
			_______		_______
Total assets less current liabilities			45,267		5,279

Creditors: amounts falling due
after more than one year	9		( 26,874)		-

Provisions for liabilities			( 6,630)		( 350)

			_______		_______
Net assets			11,763		4,929
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			11,663		4,829
			_______		_______
Shareholders funds			11,763		4,929
			_______		_______

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

Director's responsibilities:

- The 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 their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 22 October 2025 , and are signed on behalf of the board by:

Mr S V Williams

Director

Company registration number: 06421438

Center Developments Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor, 99 Bancroft, Hitchin, Hertfordshire, SG5 1NQ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

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

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	reducing balance
Office equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	3,090	5,875
	_______	_______

Deferred tax:
Origination and reversal of timing differences	6,280	( 120)
	_______	_______
Tax on profit	9,370	5,755
	_______	_______

6. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	814	16,875	17,689
Additions	-	34,855	34,855
Disposals	-	( 16,875)	( 16,875)
	_______	_______	_______
At 31 March 2025	814	34,855	35,669
	_______	_______	_______
Depreciation
At 1 April 2024	788	15,045	15,833
Charge for the year	6	458	464
Disposals	-	( 15,503)	( 15,503)
	_______	_______	_______
At 31 March 2025	794	-	794
	_______	_______	_______
Carrying amount
At 31 March 2025	20	34,855	34,875
	_______	_______	_______
At 31 March 2024	26	1,830	1,856
	_______	_______	_______

Included within the carrying value of tangible assets is £ 34,855 (2024: £ -) relating to an asset held under a hire purchase agreement.

7. Debtors

	2025	2024
	£	£
Trade debtors	26,566	25,111
Other debtors	1,445	747
	_______	_______
	28,011	25,858
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank overdraft	69	-
Trade creditors	14,558	12,063
Corporation tax	3,090	5,875
Social security and other taxes	4,513	11,298
Other creditors	6,438	1,290
	_______	_______
	28,668	30,526
	_______	_______

Included in other creditors is an obligation under a hire purchase agreement of £5,327 (2024: £ -), which is secured by the company on the asset subject to the agreement.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	26,874	-
	_______	_______

Included in other creditors is an obligation under a hire purchase agreement of £26,874 (2024: £ -), which is secured by the company on the asset subject to the agreement.

10. Pension commitments

The company's annual commitment under the defined contribution pension scheme is for contributions of £355 (2024: £357).Included in other creditors is an amount due to the pension scheme of £71 (2024: £72).

11. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr S V Williams	37	15	( 37)	15
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr S V Williams	-	37	-	37
		_______	_______	_______	_______