Centrical Global Limited - Period Ending 2014-03-31

Registration number: 06860983

Centrical Global Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Treasures
Chartered Tax Advisers
Burwood House
School Road
Burghfield
Berkshire
RG30 3UA

Centrical Global Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Centrical Global Limited
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Centrical Global Limited for the year ended 31 March 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Centrical Global Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Centrical Global Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Centrical Global Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Centrical Global Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Centrical Global Limited. You consider that Centrical Global Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Centrical Global Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Treasures
Chartered Tax Advisers
Burwood House
School Road
Burghfield
Berkshire
RG30 3UA

19 November 2014

Page 1

Centrical Global Limited
(Registration number: 06860983)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					880			2,572
Current assets
Debtors					1,400			5,000
Cash at bank and in hand					42,585			38,778
					43,985			43,778
Creditors: Amounts falling due within one year					(46,360)			(44,365)
Net current liabilities					(2,375)			(587)
Total assets less current liabilities					(1,495)			1,985
Provisions for liabilities					-			(506)
Net (liabilities)/assets					(1,495)			1,479
Capital and reserves
Called up share capital		3			120			120
Profit and loss account					(1,615)			1,359
Shareholders' (deficit)/funds					(1,495)			1,479

For the year ending 31 March 2014 the company was entitled to exemption 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 .

Approved by the Board on 19 November 2014 and signed on its behalf by:

.........................................
Ms TS Butterworth
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Centrical Global Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Centrical Global Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		4,285			4,285
At 31 March 2014		4,285			4,285
Depreciation
At 1 April 2013		1,713			1,713
Charge for the year		1,692			1,692
At 31 March 2014		3,405			3,405
Net book value
At 31 March 2014		880			880
At 31 March 2013		2,572			2,572

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		120			120			120			120

Page 4