REGISTERED NUMBER: 04342238 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Central Engineering (Hereford) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C A Coe

A P A Coe

REGISTERED OFFICE:

Unit 3

Festival Way

Rotherwas Industrial Estate

Hereford

HR2 6ST

REGISTERED NUMBER:

04342238 (England and Wales)

ACCOUNTANTS:

R J Francis & Co

Suites 1 & 2

Marshall Business Centre

Faraday Road

Hereford

Herefordshire

HR4 9NS

FIXED ASSETS

Tangible assets

4

1,866,891

1,605,398

CURRENT ASSETS

Stocks

12,000

12,000

Debtors

5

133,809

134,121

Cash at bank

27,198

7,992

173,007

154,113

CREDITORS

Amounts falling due within one year

6

457,966

513,886

NET CURRENT LIABILITIES

(284,959

)

(359,773

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,581,932

1,245,625

CREDITORS

Amounts falling due after more than one year

7

(633,993

)

(622,116

)

PROVISIONS FOR LIABILITIES

(298,410

)

(214,686

)

NET ASSETS

649,529

408,823

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

266,357

-

Retained earnings

383,072

408,723

649,529

408,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 17 December 2025 and were signed on its behalf by:

C A Coe - Director

1.	STATUTORY INFORMATION

Central Engineering (Hereford) 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Freehold land and buildings are not depreciated, there is a policy of annual revaluation.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 April 2024

827,178

1,465,942

73,436

45,765

2,412,321

Additions

961

10,274

-

-

11,235

Revaluations

371,861

-

-

-

371,861

At 31 March 2025

1,200,000

1,476,216

73,436

45,765

2,795,417

DEPRECIATION

At 1 April 2024

-

742,506

40,203

24,214

806,923

Charge for year

-

110,061

8,308

3,234

121,603

At 31 March 2025

-

852,567

48,511

27,448

928,526

NET BOOK VALUE

At 31 March 2025

1,200,000

623,649

24,925

18,317

1,866,891

At 31 March 2024

827,178

723,436

33,233

21,551

1,605,398

Cost or valuation at 31 March 2025 is represented by:

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

Valuation in 2025

371,861

-

-

-

371,861

Cost

828,139

1,476,216

73,436

45,765

2,423,556

1,200,000

1,476,216

73,436

45,765

2,795,417

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

828,139

-

Freehold land and buildings were valued on an open market basis basis on 31 March 2025 by the Directors .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST OR VALUATION

At 1 April 2024

1,039,888

Transfer to ownership

(832,888

)

At 31 March 2025

207,000

DEPRECIATION

At 1 April 2024

455,681

Charge for year

26,393

Transfer to ownership

(424,631

)

At 31 March 2025

57,443

NET BOOK VALUE

At 31 March 2025

149,557

At 31 March 2024

584,207

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

113,668

122,434

Amounts recoverable on contract

17,002

8,000

Other debtors

3,139

3,687

133,809

134,121

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

54,905

56,033

Hire purchase contracts

47,702

102,556

Trade creditors

82,145

101,021

Taxation and social security

69,671

40,248

Other creditors

203,543

214,028

457,966

513,886

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

535,394

420,776

Hire purchase contracts

98,599

201,340

633,993

622,116

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

197,677

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

146,301

303,896

Hire purchase liabilities are secured on the asset funded.

9.

RESERVES

Revaluation

reserve

£

Fair value movement

266,357

At 31 March 2025

266,357

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

A P A Coe

Balance outstanding at start of year

149,420

83,354

Amounts advanced

57,962

110,962

Amounts repaid

(41,041

)

(44,896

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

166,341

149,420

C A Coe

Balance outstanding at start of year

11,128

10,968

Amounts advanced

27,844

37,662

Amounts repaid

(29,605

)

(37,502

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,367

11,128

The loan accounts are repayable on demand.