Certags Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09195749 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

CERTAGS LIMITED

TRADING AS

COMPLIED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Brusasco

A J Mulrooney

SECRETARY:

N Brusasco

REGISTERED OFFICE:

Cobra Court, 2 Scholar Green Road

Trafford Park

Stretford

Manchester

M32 0TR

REGISTERED NUMBER:

09195749 (England and Wales)

ACCOUNTANTS:

Percy Westhead & Company

Chartered Accountants

Hanover House

30-32 Charlotte Street

Manchester

M1 4FD

FIXED ASSETS

Tangible assets

4

9,472

1,960

CURRENT ASSETS

Stocks

71,512

54,656

Debtors

5

323,388

274,917

Cash at bank

36,655

79,858

431,555

409,431

CREDITORS

Amounts falling due within one year

6

317,766

238,890

NET CURRENT ASSETS

113,789

170,541

TOTAL ASSETS LESS CURRENT LIABILITIES

123,261

172,501

PROVISIONS FOR LIABILITIES

2,400

-

NET ASSETS

120,861

172,501

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Retained earnings

119,661

171,301

SHAREHOLDERS' FUNDS

120,861

172,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 28th March 2024 and were signed on its behalf by:

N Brusasco - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue from the sale of stock is measured at the consideration receivable which equates to the invoiced amounts, excluding value added tax and net allowances for credits and rebates. Revenue is recognised in the profit and loss account on completion of the related transaction.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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 7 (2022 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st July 2022

18,329

Additions

11,776

At 30th June 2023

30,105

DEPRECIATION

At 1st July 2022

16,369

Charge for year

4,264

At 30th June 2023

20,633

NET BOOK VALUE

At 30th June 2023

9,472

At 30th June 2022

1,960

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

307,802

253,717

Other debtors

9,007

14,621

Prepayments and accrued income

6,579

6,579

323,388

274,917

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

134,144

102,906

Tax

75,791

57,889

Social security and other taxes

12,015

10,539

VAT

74,751

57,879

Other creditors

16,620

5,912

Directors' current accounts

395

395

Accrued expenses

4,050

3,370

317,766

238,890

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2023

2022

£

£

Within one year

27,500

27,500

Between one and five years

20,625

27,500

In more than five years

-

20,625

48,125

75,625