Company Registration No. SC173406 (Scotland)
Centrifuge Maintenance Services Limited
Unaudited accounts
for the year ended 31 March 2022
Centrifuge Maintenance Services Limited
Unaudited accounts
Contents
Centrifuge Maintenance Services Limited
Company Information
for the year ended 31 March 2022
Directors
A Lindsay
E Kelly
Company Number
SC173406 (Scotland)
Registered Office
123 Balshagray Avenue
Glasgow
G11 7EG
Accountants
Assenti & Noble Ltd
18 Mosshead Road
Bearsden
Glasgow
G61 3HN
Centrifuge Maintenance Services Limited
Statement of financial position
as at
31 March 2022
Tangible assets
1,310
2,005
Investments
139,434
178,717
Inventories
108,563
53,563
Cash at bank and in hand
324,759
345,237
Creditors: amounts falling due within one year
(264,279)
(224,159)
Net current assets
277,915
242,280
Total assets less current liabilities
418,659
423,002
Provisions for liabilities
Net assets
418,410
422,621
Called up share capital
4
4
Profit and loss account
418,406
422,617
Shareholders' funds
418,410
422,621
For the year ending 31 March 2022 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2022 and were signed on its behalf by
A Lindsay
Director
Company Registration No. SC173406
Centrifuge Maintenance Services Limited
Notes to the Accounts
for the year ended 31 March 2022
Centrifuge Maintenance Services Limited is a private company, limited by shares, registered in Scotland, registration number SC173406. The registered office is 123 Balshagray Avenue, Glasgow, G11 7EG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover includes revenue earned from the sale of goods and the rendering of maintenance services.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Fixed asset investments are stated at cost.
Centrifuge Maintenance Services Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
5
Investments
Other investments
Valuation at 1 April 2021
178,717
Valuation at 31 March 2022
139,434
6
Debtors: amounts falling due within one year
2022
2021
Trade debtors
108,022
66,789
Accrued income and prepayments
850
850
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
9,953
673
Taxes and social security
33,599
22,644
Other creditors
68,819
68,318
Loans from directors
118,957
116,433
8
Average number of employees
During the year the average number of employees was 5 (2021: 4).