CENTRAL PLANT (NORTHERN) LIMITED

CENTRAL PLANT (NORTHERN) LIMITED - Company Information

2022-04-012023-03-312023-03-31false01447298CENTRAL PLANT (NORTHERN) LIMITED2023-10-27iso4217:GBPxbrli:pure014472982022-04-01014472982023-03-31014472982022-04-012023-03-31014472982021-04-01014472982022-03-31014472982021-04-012022-03-3101447298bus:SmallEntities2022-04-012023-03-3101447298bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3101447298bus:FullAccounts2022-04-012023-03-3101447298bus:PrivateLimitedCompanyLtd2022-04-012023-03-3101447298core:WithinOneYear2023-03-3101447298core:AfterOneYear2023-03-3101447298core:WithinOneYear2022-03-3101447298core:AfterOneYear2022-03-3101447298core:ShareCapital2023-03-3101447298core:SharePremium2023-03-3101447298core:RevaluationReserve2023-03-3101447298core:OtherReservesSubtotal2023-03-3101447298core:RetainedEarningsAccumulatedLosses2023-03-3101447298core:ShareCapital2022-03-3101447298core:SharePremium2022-03-3101447298core:RevaluationReserve2022-03-3101447298core:OtherReservesSubtotal2022-03-3101447298core:RetainedEarningsAccumulatedLosses2022-03-3101447298core:LandBuildings2023-03-3101447298core:PlantMachinery2023-03-3101447298core:Vehicles2023-03-3101447298core:FurnitureFittings2023-03-3101447298core:OfficeEquipment2023-03-3101447298core:NetGoodwill2023-03-3101447298core:IntangibleAssetsOtherThanGoodwill2023-03-3101447298core:ListedExchangeTraded2023-03-3101447298core:UnlistedNon-exchangeTraded2023-03-3101447298core:LandBuildings2022-03-3101447298core:PlantMachinery2022-03-3101447298core:Vehicles2022-03-3101447298core:FurnitureFittings2022-03-3101447298core:OfficeEquipment2022-03-3101447298core:NetGoodwill2022-03-3101447298core:IntangibleAssetsOtherThanGoodwill2022-03-3101447298core:ListedExchangeTraded2022-03-3101447298core:UnlistedNon-exchangeTraded2022-03-3101447298core:LandBuildings2022-04-012023-03-3101447298core:PlantMachinery2022-04-012023-03-3101447298core:Vehicles2022-04-012023-03-3101447298core:FurnitureFittings2022-04-012023-03-3101447298core:OfficeEquipment2022-04-012023-03-3101447298core:NetGoodwill2022-04-012023-03-3101447298core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3101447298core:ListedExchangeTraded2022-04-012023-03-3101447298core:UnlistedNon-exchangeTraded2022-04-012023-03-3101447298core:MoreThanFiveYears2022-04-012023-03-3101447298core:Non-currentFinancialInstruments2023-03-3101447298core:Non-currentFinancialInstruments2022-03-3101447298dpl:CostSales2022-04-012023-03-3101447298dpl:DistributionCosts2022-04-012023-03-3101447298core:LandBuildings2022-04-012023-03-3101447298core:PlantMachinery2022-04-012023-03-3101447298core:Vehicles2022-04-012023-03-3101447298core:FurnitureFittings2022-04-012023-03-3101447298core:OfficeEquipment2022-04-012023-03-3101447298dpl:AdministrativeExpenses2022-04-012023-03-3101447298core:NetGoodwill2022-04-012023-03-3101447298core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3101447298dpl:GroupUndertakings2022-04-012023-03-3101447298dpl:ParticipatingInterests2022-04-012023-03-3101447298dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3101447298core:ListedExchangeTraded2022-04-012023-03-3101447298dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3101447298core:UnlistedNon-exchangeTraded2022-04-012023-03-3101447298dpl:CostSales2021-04-012022-03-3101447298dpl:DistributionCosts2021-04-012022-03-3101447298core:LandBuildings2021-04-012022-03-3101447298core:PlantMachinery2021-04-012022-03-3101447298core:Vehicles2021-04-012022-03-3101447298core:FurnitureFittings2021-04-012022-03-3101447298core:OfficeEquipment2021-04-012022-03-3101447298dpl:AdministrativeExpenses2021-04-012022-03-3101447298core:NetGoodwill2021-04-012022-03-3101447298core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3101447298dpl:GroupUndertakings2021-04-012022-03-3101447298dpl:ParticipatingInterests2021-04-012022-03-3101447298dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3101447298core:ListedExchangeTraded2021-04-012022-03-3101447298dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3101447298core:UnlistedNon-exchangeTraded2021-04-012022-03-3101447298core:NetGoodwill2023-03-3101447298core:IntangibleAssetsOtherThanGoodwill2023-03-3101447298core:LandBuildings2023-03-3101447298core:PlantMachinery2023-03-3101447298core:Vehicles2023-03-3101447298core:FurnitureFittings2023-03-3101447298core:OfficeEquipment2023-03-3101447298core:AfterOneYear2023-03-3101447298core:WithinOneYear2023-03-3101447298core:ListedExchangeTraded2023-03-3101447298core:UnlistedNon-exchangeTraded2023-03-3101447298core:ShareCapital2023-03-3101447298core:SharePremium2023-03-3101447298core:RevaluationReserve2023-03-3101447298core:OtherReservesSubtotal2023-03-3101447298core:RetainedEarningsAccumulatedLosses2023-03-3101447298core:NetGoodwill2022-03-3101447298core:IntangibleAssetsOtherThanGoodwill2022-03-3101447298core:LandBuildings2022-03-3101447298core:PlantMachinery2022-03-3101447298core:Vehicles2022-03-3101447298core:FurnitureFittings2022-03-3101447298core:OfficeEquipment2022-03-3101447298core:AfterOneYear2022-03-3101447298core:WithinOneYear2022-03-3101447298core:ListedExch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Registered Number
01447298
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

CENTRAL PLANT (NORTHERN) LIMITED

Company Information
for the year from 1 April 2022 to 31 March 2023


Directors	CLINT, Anthony
	CLINT, Graham


Company Secretary	CLINT, Katherine


Registered Address	Central House,
	Ninth Ave, Team Valley Trad Est,
	Gateshead,
	NE11 0EJ


Registered Number	01447298 (England and Wales)

CENTRAL PLANT (NORTHERN) LIMITED

Balance Sheet as at
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	6		402,813		424,394
			402,813		424,394
Current assets
Stocks	8	695,000		650,000
Debtors	9	381,985		438,007
Cash at bank and on hand		65,377		51,379
		1,142,362		1,139,386
Creditors amounts falling due within one year	10	(656,434)		(661,627)
Net current assets (liabilities)			485,928		477,759
Total assets less current liabilities			888,741		902,153
Creditors amounts falling due after one year	11		(239,844)		(294,671)
Provisions for liabilities	13		-		(10,257)
Net assets			648,897		597,225
Capital and reserves
Called up share capital			79		79
Revaluation reserve			79,355		79,355
Profit and loss account			569,463		517,791
Shareholders' funds			648,897		597,225

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 27 October 2023, and are signed on its behalf by:

CLINT, Anthony
Director

CLINT, Graham
Director

Registered Company No. 01447298

CENTRAL PLANT (NORTHERN) LIMITED

Notes to the Financial Statements
for the year ended 31 March 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Principal activities
	The company's principal activity during the year continued to be electrical component suppliers.

3.	Basis of measurement used in financial statements
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

4.	Accounting policies

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Land and buildings	25
	Plant and machinery	4
	Fixtures and fittings	5
	Vehicles	4
	Office Equipment	4

	Stocks policy
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Taxation policy
	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.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

5.	Employee information


		2023		2022
	Average number of employees during the year	19		15

6.	Property, plant and equipment

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 April 22	320,694	102,506	255,180	120,755	799,135
Additions	-	46,195	-	-	46,195
Disposals	-	(15,500)	-	-	(15,500)
At 31 March 23	320,694	133,201	255,180	120,755	829,830
Depreciation and impairment
At 01 April 22	112,536	62,373	85,557	114,275	374,741
Charge for year	2,711	16,307	46,600	2,158	67,776
On disposals	-	(15,500)	-	-	(15,500)
At 31 March 23	115,247	63,180	132,157	116,433	427,017
Net book value
At 31 March 23	205,447	70,021	123,023	4,322	402,813
At 31 March 22	208,158	40,133	169,623	6,480	424,394

7.	Any off-balance sheet arrangements including nature, purpose and financial impact on entity
	The company has an invoicing finance facility with Barclays Bank Plc and the facility is secured against an all assets guarantee & debenture given by the company and comprising fixed and floating charges over the whole or substantially the whole of the business, assets and undertaking.

8.	Stocks

	2023	2022
	£	£
Other stocks	695,000	650,000
Total	695,000	650,000

9.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	378,048	423,011
Other debtors	-	14,996
Prepayments and accrued income	3,937	-
Total	381,985	438,007


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

10.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	419,047	490,416
Bank borrowings and overdrafts	24,750	-
Taxation and social security	75,510	73,907
Finance lease and HP contracts	33,584	-
Other creditors	102,544	95,383
Accrued liabilities and deferred income	999	1,921
Total	656,434	661,627


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

11.	Creditors after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	99,390	148,869
Amounts owed to related parties	41,426	73,000
Other creditors	99,028	72,802
Total	239,844	294,671

12.	Finance lease and HP contracts after one year

		2023		2022
		£		£
	Finance lease and HP contracts	99,029		72,803


	Included in other creditors balance above

13.	Provisions for liabilities
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	2023	2022
	£	£
Other provisions	-	10,257
Total	-	10,257