Central Controls Ltd Filleted accounts for Companies House (small and micro)

CENTRAL CONTROLS LTD - Company Information

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COMPANY REGISTRATION NUMBER: 10382196

Central Controls Ltd

Filleted Unaudited Financial Statements

For the year ended

31 March 2021

Central Controls Ltd

Financial Statements

Year ended 31 March 2021

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Central Controls Ltd

Officers and Professional Advisers

The board of directors	Mr S Wheatley
	Mr G Aylward

Company secretary	Mr S Wheatley

Registered office	Buildings 3 & 3a Hawker Business Park
	Melton Road
	Burton on the Wolds
	Leicestershire
	LE12 5TH

Accountants	Swandec
	Chartered Accountants
	550 Valley Road
	Basford
	Nottingham
	NG5 1JJ

Bankers	National Westminster
	16 South Parade
	Nottingham
	NG1 2JX

Central Controls Ltd

Statement of Financial Position

31 March 2021

	2021	2020
Note	£	£

Fixed assets

Tangible assets	4	3,271	4,361

Current assets

Stocks		2,000	–
Debtors	5	38,078	29,651
Cash at bank and in hand		5,040	2,328
		--------	--------
		45,118	31,979

Creditors: amounts falling due within one year	6	16,768	32,763
		--------	--------
Net current assets/(liabilities)		28,350	( 784)
		--------	-------
Total assets less current liabilities		31,621	3,577

Creditors: amounts falling due after more than one year	7	17,500	–
		--------	-------
Net assets		14,121	3,577
		--------	-------

Capital and reserves

Called up share capital	8	4	4
Profit and loss account		14,117	3,573
		--------	-------
Shareholders funds		14,121	3,577
		--------	-------

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 income statement has not been delivered.

For the year ending 31 March 2021 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 .

Central Controls Ltd

Statement of Financial Position (continued)

31 March 2021

These financial statements were approved by the board of directors and authorised for issue on 24 September 2021 , and are signed on behalf of the board by:

Mr S Wheatley

Director

Company registration number: 10382196

Central Controls Ltd

Notes to the Financial Statements

Year ended 31 March 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Buildings 3 & 3a Hawker Business Park, Melton Road, Burton on the Wolds, Leicestershire, LE12 5TH.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced for work carried out during the year, exclusive of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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	-	25% reducing balance

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 stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Defined contribution plans

The company also operates the auto enrolment pension scheme for its employees. The pension costs are shown in the profit and loss account.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2020: 2 ).

4. Tangible assets

	Plant and machinery
	£
Cost
At 1 April 2020 and 31 March 2021	10,006
	--------
Depreciation
At 1 April 2020	5,645
Charge for the year	1,090
	--------
At 31 March 2021	6,735
	--------
Carrying amount
At 31 March 2021	3,271
	--------
At 31 March 2020	4,361
	--------

5. Debtors

	2021	2020
	£	£
Trade debtors	38,078	222
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	29,429
	--------	--------
	38,078	29,651
	--------	--------

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Bank loans and overdrafts	3,500	–
Trade creditors	6,144	12,099
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	14,400
Corporation tax	–	137
Social security and other taxes	3,749	4,827
Other creditors	3,375	1,300
	--------	--------
	16,768	32,763
	--------	--------

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

	2021	2020
	£	£
Bank loans and overdrafts	17,500	–
	--------	----

8. Called up share capital

Issued, called up and fully paid

	2021		2020
	No.	£	No.	£
Ordinary shares of £ 1 each	4	4	4	4
	----	----	----	----

9. Controlling party

The company is under the control of Central Conveyors Holdings Limited, which owns 100% of the company's share capital.