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Registered number: 06061892
Central Asset Finance Limited
Financial Statements
For The Year Ended 31 March 2026
Oakensen (Bristol)
Chartered Accountants
Westbury Court, Church Road
Westbury-on-Trym
Bristol
BS9 3EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06061892
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,150 15,008
16,150 15,008
CURRENT ASSETS
Debtors 5 5,077,407 4,793,346
Cash at bank and in hand 322,226 310,239
5,399,633 5,103,585
Creditors: Amounts Falling Due Within One Year 6 (1,750,893 ) (1,781,295 )
NET CURRENT ASSETS (LIABILITIES) 3,648,740 3,322,290
TOTAL ASSETS LESS CURRENT LIABILITIES 3,664,890 3,337,298
Creditors: Amounts Falling Due After More Than One Year 7 (1,553,541 ) (1,244,555 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (166,725 ) (63,282 )
NET ASSETS 1,944,624 2,029,461
CAPITAL AND RESERVES
Called up share capital 8 1,299 1,299
Profit and Loss Account 1,943,325 2,028,162
SHAREHOLDERS' FUNDS 1,944,624 2,029,461
Page 1
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
F Day
Director
12 June 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Central Asset Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06061892 . The registered office is Westbury Court Church Road, Westbury-on-Trym, Bristol, BS9 3EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Interest is recognised so as to reflect a constant periodic rate of return on the company's investment in the leases.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 15% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.5. Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company's net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company's net investment outstanding in respect of leases.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2025: 5)
5 5
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2025 64,040
Additions 4,091
As at 31 March 2026 68,131
Depreciation
As at 1 April 2025 49,032
Provided during the period 2,949
As at 31 March 2026 51,981
Net Book Value
As at 31 March 2026 16,150
As at 1 April 2025 15,008
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 4,003 12,190
Other debtors 2,029,516 1,903,483
2,033,519 1,915,673
Due after more than one year
Other debtors 3,043,888 2,877,673
5,077,407 4,793,346
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6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 2,173 389
Funding loans 1,554,454 1,600,431
Other creditors 34,715 28,985
Taxation and social security 159,551 151,490
1,750,893 1,781,295
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Funding loan 1,553,541 1,244,555
Security in the form of a first charge over the fixed assets and unassigned debts of the company has been given in respect of funding loans of £3,107,996 (2024: £2,844,985).
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1,299 1,299
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