Central (GB) Ltd 31/01/2025 iXBRL

Company registration number: 09375787

Central (GB) Ltd

Unaudited filleted financial statements

31 January 2025

Central (GB) Ltd

Contents

Directors and other information

Accountants report

Balance sheet

Notes to the financial statements

Central (GB) Ltd

Directors and other information


Directors	A Bradbury
	K Riley	(Resigned 8 July 2024)


Company number	09375787


Registered office	Central Lotus Centre Court
	Waterside Way
	Nottingham
	NG2 4DP


Accountants	C J Lucking & Co
	34 Cross Street
	Long Eaton
	Nottingham
	NG10 1HD

Central (GB) Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Central (GB) Ltd

Year ended 31 January 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 Central (GB) Ltd for the year ended 31 January 2025 which comprise the Balance sheet 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 board of directors of Central (GB) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Central (GB) Ltd and state those matters that we have agreed to state to the board of directors of Central (GB) Ltd 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 Central (GB) Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Central (GB) Ltd 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 Central (GB) Ltd. You consider that Central (GB) Ltd 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 Central (GB) Ltd. 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.

C J Lucking & Co

Chartered Accountants

34 Cross Street

Long Eaton

Nottingham

NG10 1HD

31 October 2025

Central (GB) Ltd

Balance sheet

31 January 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	177,757		192,389
		_______		_______
			177,757		192,389

Current assets
Stocks		1,086,442		788,918
Debtors	6	83,713		98,621
Cash at bank and in hand		54,878		63
		_______		_______
		1,225,033		887,602
Creditors: amounts falling due
within one year	7	( 1,362,340)		( 1,022,055)
		_______		_______
Net current liabilities			( 137,307)		( 134,453)
			_______		_______
Total assets less current liabilities			40,450		57,936

Creditors: amounts falling due
after more than one year	8		( 22,514)		( 56,772)

Provisions for liabilities			( 3,640)		( 4,323)

			_______		_______
Net assets/(liabilities)			14,296		( 3,159)
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			14,196		( 3,259)
			_______		_______
Shareholders funds/(deficit)			14,296		( 3,159)
			_______		_______

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

Directors 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 directors acknowledge 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 Profit and loss account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:

A Bradbury

Director

Company registration number: 09375787

Central (GB) Ltd

Notes to the financial statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Central Lotus Centre Court, Waterside Way, Nottingham, NG2 4DP.

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

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 charge represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account. 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.

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	-	10 %	straight line
Fittings fixtures and equipment	-	5 %	straight line
Motor vehicles	-	10 %	straight line

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 Balance sheet 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

Trade and other debtors do not carry interest and are stated at their nominal value. 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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 February 2024	20,899	184,837	58,529	264,265
Additions	-	775	-	775
	_______	_______	_______	_______
At 31 January 2025	20,899	185,612	58,529	265,040
	_______	_______	_______	_______
Depreciation
At 1 February 2024	14,472	44,497	12,907	71,876
Charge for the year	779	8,775	5,853	15,407
	_______	_______	_______	_______
At 31 January 2025	15,251	53,272	18,760	87,283
	_______	_______	_______	_______
Carrying amount
At 31 January 2025	5,648	132,340	39,769	177,757
	_______	_______	_______	_______
At 31 January 2024	6,427	140,340	45,622	192,389
	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	37,170	1,382
Other debtors	46,543	97,239
	_______	_______
	83,713	98,621
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,342	15,678
Trade creditors	1,325	35,451
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,173	-
Corporation tax	13,175	5,044
Social security and other taxes	36,983	7,877
Other creditors	1,304,342	958,005
	_______	_______
	1,362,340	1,022,055
	_______	_______

Finance provided by FCA Dealer Services UK Ltd is secured on the assets of the company. The balance owing to FCA Dealer Services UK Ltd at the year end amounted to £nil (2024 - £nil).

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

	2025	2024
	£	£
Bank loans and overdrafts	22,514	24,687
Other creditors	-	32,085
	_______	_______
	22,514	56,772
	_______	_______

9. Directors advances, credits and guarantees

At 31st January 2024 the company owed £205,342 (2024 - £177,351) to one of the directors of the company.