Centreco (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08844718 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2020

FOR

CENTRECO (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J P Williams

REGISTERED OFFICE:

Unit C1

Cockers Farm Business Park

Long Lane

Heath Charnock

Lancashire

PR6 9EE

REGISTERED NUMBER:

08844718 (England and Wales)

ACCOUNTANTS:

Christian Douglass Accountants Limited

Chartered Accountants

2 Jordan Street

Knott Mill

Manchester

M15 4PY

FIXED ASSETS

Tangible assets

4

32,272

40,131

CURRENT ASSETS

Debtors

5

554,718

261,747

Cash at bank

175,120

521,636

729,838

783,383

CREDITORS

Amounts falling due within one year

6

522,421

624,761

NET CURRENT ASSETS

207,417

158,622

TOTAL ASSETS LESS CURRENT LIABILITIES

239,689

198,753

CREDITORS

Amounts falling due after more than one year

7

13,616

21,169

NET ASSETS

226,073

177,584

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

225,973

177,484

SHAREHOLDERS' FUNDS

226,073

177,584

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 October 2020 and were signed by:

Mr J P Williams - Director

1.	STATUTORY INFORMATION

Centreco (UK) Limited is a private company, limited by shares, registered in England and Wales. The

company's registered number is 08844718 and its registered office is at Unit C1, Cockers Farm Business Park,

Long Lane, Heath Charnock, PR6 9EE.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off 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 etc

-

25% on cost

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 14 (2019 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2019

49,720

Additions

5,630

At 31 May 2020

55,350

DEPRECIATION

At 1 June 2019

9,589

Charge for year

13,489

At 31 May 2020

23,078

NET BOOK VALUE

At 31 May 2020

32,272

At 31 May 2019

40,131

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

Plant and

machinery

etc

£

COST

At 1 June 2019

and 31 May 2020

30,550

DEPRECIATION

At 1 June 2019

1,515

Charge for year

7,637

At 31 May 2020

9,152

NET BOOK VALUE

At 31 May 2020

21,398

At 31 May 2019

29,035

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade debtors

124,438

193,456

Amounts owed by group undertakings

-

470

Amounts recoverable on contract

-

16,927

Other debtors

365,747

5,738

Corporation tax

37,884

-

Deferred tax asset

23,517

22,024

Prepayments and accrued income

3,132

23,132

554,718

261,747

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Hire purchase contracts

7,553

7,553

Trade creditors

220,735

214,132

Taxation and social security

199,003

152,172

Other creditors

95,130

250,904

522,421

624,761

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.20

31.5.19

£

£

Hire purchase contracts

13,616

21,169

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.20

31.5.19

£

£

Hire purchase contracts

21,169

28,722

9.	ULTIMATE PARENT COMPANY

The ultimate parent company is Array Investments Limited.