Company Registration No. 04693984 (England and Wales)
Katalyst Communications Ltd
Unaudited accounts
for the period from 1 April 2022 to 31 December 2022
Katalyst Communications Ltd
Unaudited accounts
Contents
Katalyst Communications Ltd
Company Information
for the period from 1 April 2022 to 31 December 2022
Company Number
04693984 (England and Wales)
Registered Office
18 Soho Square
London
W1D 3QL
United Kingdom
Accountants
Deciphr Ltd
Unit 11 Holts Court
Threshers Bush
Harlow
Essex
CM17 0NS
Katalyst Communications Ltd
Statement of financial position
as at 31 December 2022
Tangible assets
99,104
126,095
Inventories
165,507
1,093,378
Cash at bank and in hand
2,174,494
5,630,346
Creditors: amounts falling due within one year
(999,342)
(3,201,794)
Net current assets
2,044,755
5,614,782
Net assets
2,143,859
5,740,877
Called up share capital
20
20
Profit and loss account
2,143,839
5,740,857
Shareholders' funds
2,143,859
5,740,877
For the period ending 31 December 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 director acknowledges his 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 and authorised for issue on 17 April 2023 and were signed on its behalf by
A Wheeler
Director
Company Registration No. 04693984
Katalyst Communications Ltd
Notes to the Accounts
for the period from 1 April 2022 to 31 December 2022
Katalyst Communications Ltd is a private company, limited by shares, registered in England and Wales, registration number 04693984. The registered office is 18 Soho Square, London, W1D 3QL, United Kingdom.
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 period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
4 years straight line
Computer equipment
4 years straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Katalyst Communications Ltd
Notes to the Accounts
for the period from 1 April 2022 to 31 December 2022
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
116,387
80,986
197,373
Additions
25,408
3,397
28,805
Disposals
-
(23,800)
(23,800)
At 31 December 2022
141,795
60,583
202,378
At 1 April 2022
48,004
23,274
71,278
Charge for the period
26,587
11,359
37,946
On disposals
-
(5,950)
(5,950)
At 31 December 2022
74,591
28,683
103,274
At 31 December 2022
67,204
31,900
99,104
At 31 March 2022
68,383
57,712
126,095
5
Debtors
31/12/2022
31/03/2022
Amounts falling due within one year
Trade debtors
235,561
1,164,876
Accrued income and prepayments
42,644
435,031
Other debtors
425,891
81,826
6
Creditors: amounts falling due within one year
31/12/2022
31/03/2022
Trade creditors
187,706
1,734,570
Taxes and social security
611,887
692,524
Other creditors
42,065
19,520
Deferred income
124,167
360,568
7
Average number of employees
During the period the average number of employees was 79 (31/03/2022: 60).