ACCOUNTS - Final Accounts preparation

CENTRA SUPPORT SERVICES LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-310falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-01-01No description of principal activity14true 09970457 2021-01-01 2021-12-31 09970457 2020-01-01 2020-12-31 09970457 2021-12-31 09970457 2020-12-31 09970457 c:Director2 2021-01-01 2021-12-31 09970457 d:CurrentFinancialInstruments 2021-12-31 09970457 d:CurrentFinancialInstruments 2020-12-31 09970457 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 09970457 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 09970457 d:ShareCapital 2021-12-31 09970457 d:ShareCapital 2020-12-31 09970457 d:RetainedEarningsAccumulatedLosses 2021-12-31 09970457 d:RetainedEarningsAccumulatedLosses 2020-12-31 09970457 c:EntityNoLongerTradingButTradedInPast 2021-01-01 2021-12-31 09970457 c:FRS102 2021-01-01 2021-12-31 09970457 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 09970457 c:FullAccounts 2021-01-01 2021-12-31 09970457 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 09970457

CENTRA SUPPORT SERVICES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

CENTRA SUPPORT SERVICES LIMITED

REGISTERED NUMBER: 09970457

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2021

		2021		2020
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	-		50,283
Cash at bank and in hand		1,647		1,500
		1,647		51,783
Creditors: amounts falling due within one year	5	(8,040)		(15,395)
Net current (liabilities)/assets			(6,393)		36,388
Total assets less current liabilities			(6,393)		36,388

Net (liabilities)/assets			(6,393)		36,388

Capital and reserves
Called up share capital	100	100
Profit and loss account	(6,493)	36,288
	(6,393)	36,388

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CENTRA SUPPORT SERVICES LIMITED

REGISTERED NUMBER: 09970457

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

A R James

Director

Date: 6 September 2022

The notes on pages 3 to 5 form part of these financial statements.

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CENTRA SUPPORT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1.	General information

Centra Support Services Limited, registered number 09970457, is a private company limited by shares. It is incorporated in England & Wales. The registered office is suite 4 Venture Park, Selborne Road, Alton, Hampshire, GU34 3HL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in GBP rounded to the nearest £.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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CENTRA SUPPORT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, excluding the directors, during the year was as follows:

	2021	2020
	No.	No.

Employees	-	14

Debtors

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CENTRA SUPPORT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

					2021	2020
					£	£


Amounts owed by joint ventures and associated undertakings	-	50,283
	-	50,283

5.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Amounts owed to group undertakings	3,592	3,592
Corporation tax	2,948	5,665
Other taxation and social security	-	5,138
Accruals and deferred income	1,500	1,000
	8,040	15,395

6.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £nil (2020: £3,877). Contributions totalling £nil (2020: £nil) were payable to the fund at the reporting date.

7.	Controlling party

The immediate controlling party is Centra Support Services Holding Company Limited.There is no overall controlling party, as this company is jointly owned by the directors.

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