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CENTRIC SOLUTIONS (UK) LIMITED
REGISTERED NUMBER: 03421358
ABBREVIATED BALANCE SHEET
AS AT 31 AUGUST 2015
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CREDITORS: amounts falling due within one year
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For the year ending 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 ("the Act") relating to small companies.
Directors' responsibilities:
 
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·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.
 
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The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 25 May 2016.
The notes on pages 2 to 3 form part of these financial statements.
Page 1
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CENTRIC SOLUTIONS (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises the value of sales (net of VAT and trade discounts) of goods and services provided in the normal course of business.
Revenue is recognised when the goods are dispatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership pass to the buyer.
Revenue in respect of service contracts is recognised when the company obtains the right to receive consideration for the services rendered to its customer.
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Stocks are valued at the lower of cost and net realisable value. Cost is ascertained by the use of the first-in, first-out method of cost calculation. Net realisable value is based on an estimated selling price, less further costs to be incurred to completion and disposal. Provision is also made for obsolete, slow-moving and defective items, where appropriate.
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The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
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Page 2
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CENTRIC SOLUTIONS (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
2.TANGIBLE FIXED ASSETS
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At 1 September 2014 and 31 August 2015
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3.CREDITORS:
Amounts falling due within one year
The bank overdraft is secured by fixed and floating charges over all property and assets both present and future to HSBC.
4.SHARE CAPITAL
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Allotted, called up and fully paid
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67 Ordinary shares of £1 each shares of £1 each
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Page 3
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