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REGISTERED NUMBER: 03704243 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

CATALYST INTERIORS LTD

CATALYST INTERIORS LTD (REGISTERED NUMBER: 03704243)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CATALYST INTERIORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2022







DIRECTOR: M A Davies





REGISTERED OFFICE: Guy Walmsley Ltd
3 Grove Road
Wrexham
LL11 1DY





REGISTERED NUMBER: 03704243 (England and Wales)





ACCOUNTANTS: Guy Walmsley Limited
Chartered Accountants
3 Grove Road
Wrexham
LL11 1DY

CATALYST INTERIORS LTD (REGISTERED NUMBER: 03704243)

BALANCE SHEET
28 FEBRUARY 2022

28.2.22 28.2.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,144 50,460

CURRENT ASSETS
Stocks 529,868 447,920
Debtors 5 1,102,400 461,794
Cash at bank and in hand 21,298 594,828
1,653,566 1,504,542
CREDITORS
Amounts falling due within one year 6 642,155 519,532
NET CURRENT ASSETS 1,011,411 985,010
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,061,555

1,035,470

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve (407,246 ) (407,246 )
Retained earnings 1,468,301 1,442,216
SHAREHOLDERS' FUNDS 1,061,555 1,035,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 August 2022 and were signed by:





M A Davies - Director


CATALYST INTERIORS LTD (REGISTERED NUMBER: 03704243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

1. STATUTORY INFORMATION

Catalyst Interiors Ltd 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold Improvements - 5% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on cost
Computer equipment - 33% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

CATALYST INTERIORS LTD (REGISTERED NUMBER: 03704243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2021 - 21 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Leasehold to and
Improvements property fittings
£    £    £   
COST
At 1 March 2021 3,188 5,650 81,191
Additions - - 3,820
Disposals - - (2,583 )
At 28 February 2022 3,188 5,650 82,428
DEPRECIATION
At 1 March 2021 2,541 - 68,554
Charge for year 159 - 4,996
Eliminated on disposal - - (1,424 )
At 28 February 2022 2,700 - 72,126
NET BOOK VALUE
At 28 February 2022 488 5,650 10,302
At 28 February 2021 647 5,650 12,637

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2021 47,745 161,741 299,515
Additions - 24,485 28,305
Disposals - - (2,583 )
At 28 February 2022 47,745 186,226 325,237
DEPRECIATION
At 1 March 2021 35,290 142,670 249,055
Charge for year 3,618 18,689 27,462
Eliminated on disposal - - (1,424 )
At 28 February 2022 38,908 161,359 275,093
NET BOOK VALUE
At 28 February 2022 8,837 24,867 50,144
At 28 February 2021 12,455 19,071 50,460

CATALYST INTERIORS LTD (REGISTERED NUMBER: 03704243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade debtors 1,102,307 461,701
Other debtors 93 93
1,102,400 461,794

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Bank loans and overdrafts - 240,000
Trade creditors 510,399 183,470
Tax 35,204 52,162
Social security and other taxes 17,426 12,131
VAT 68,329 23,182
Other creditors 10,549 8,343
Directors' current accounts 248 244
642,155 519,532