Registered Number
:
02568635
|
For the year ended 31 December 2016
England and Wales
Report of the Directors and Financial Statements
For the year ended 31 December 2016
Centrefurb Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Centrefurb Limited
Statement of Financial Position
2015
2016
Property
,
plant and equipment
|
1,691
2,114
2
3
1,131,672
1,342,124
1,133,363
1,344,238
Trade and other receivables
|
5,315
2,230
4
5,033
Cash and cash equivalents
|
23,043
25,273
10,348
Trade and other payables
:
amounts falling due within one
|
year
|
(3,402)
(3,159)
5
6,946
22,114
Net current assets
Total assets less current liabilities
|
1,155,477
1,351,184
Trade and other payables
:
amounts falling due after more
|
than one year
|
(1,259,308)
(1,048,806)
6
106,671
Net assets
91,876
8
8
106,663
91,868
106,671
91,876
Shareholders' funds
For the year ended 31 December 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 31 October 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2016
Centrefurb Limited
Notes to the Financial Statements
Statutory Information
Centrefurb Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
02568635
.
|
Principal place of business
:
|
Centrefurb Ltd.
2 Bunbury Avenue
Great Barton
Bury St Edmunds, Suffolk
IP31 2SZ
Bank House
129 High Street
Needham Market
Suffolk
IP6 8DH
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
No depreciation is provided on the company
''
s freehold properties since in the opinion of the directors the expected
|
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
|
would be immaterial
.
The directors undertake an annual impairment review of these properties
.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 December 2016
Centrefurb Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
6,206
6,206
Provision for depreciation and impairment
|
4,092
Charge for year
423
4,515
1,691
2,114
1,342,124
(210,452)
1,131,672
1,131,672
1,342,124
The entiry has taken advantage of the transitional exemptions in 35.10 (c) or (d) to include fair value or revaluation as deemed cost. The property is being included at cost, on the basis that fair value can not be measured reliably.
|
4
.
Trade and other receivables
|
2015
2016
2,230
5,315
3 of 4
For the year ended 31 December 2016
Centrefurb Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2015
2016
Taxation and social security
|
2,187
2,431
Accruals and deferred income
|
972
971
3,159
3,402
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2015
2016
1,048,806
1,259,308
7
.
Average number of persons employed
|
During the year the average number of employees was 2 (2015 : 1).
8
.
Transition to FRS
102
|
There have been no transitional adjustments required upon adopting FRS
102
Section
1
A for small entities and
|
therefore
,
no impact on opening equity and profit for the comparative period
.
|
4 of 4