1 April 2022 false No description of principal activity Taxfiler 2023.9 04693984business:PrivateLimitedCompanyLtd2022-04-012022-12-31 046939842022-03-31 046939842022-04-012022-12-31 04693984business:AuditExemptWithAccountantsReport2022-04-012022-12-31 04693984business:FilletedAccounts2022-04-012022-12-31 046939842022-12-31 04693984business:Director12022-04-012022-12-31 04693984business:RegisteredOffice2022-04-012022-12-31 046939842022-03-31 04693984core:WithinOneYear2022-12-31 04693984core:WithinOneYear2022-03-31 04693984core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 04693984core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 04693984core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 04693984core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 04693984core:PreviouslyStatedAmount2022-12-31 04693984core:PreviouslyStatedAmount2022-03-31 04693984business:SmallEntities2022-04-012022-12-31 04693984countries:EnglandWales2022-04-012022-12-31 04693984core:PlantMachinery2022-04-012022-12-31 04693984core:ComputerEquipment2022-04-012022-12-31 04693984core:PlantMachinery2022-03-31 04693984core:ComputerEquipment2022-03-31 04693984core:PlantMachinery2022-12-31 04693984core:ComputerEquipment2022-12-31 046939842021-04-012022-03-31 iso4217:GBP xbrli:pure
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
Page
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Katalyst Communications Ltd Company Information for the period from 1 April 2022 to 31 December 2022
Director
A Wheeler
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
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Katalyst Communications Ltd Statement of financial position as at 31 December 2022
31/12/2022 
31/03/2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
99,104 
126,095 
Current assets
Inventories
165,507 
1,093,378 
Debtors
704,096 
2,092,852 
Cash at bank and in hand
2,174,494 
5,630,346 
3,044,097 
8,816,576 
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 
Capital and reserves
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
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Katalyst Communications Ltd Notes to the Accounts for the period from 1 April 2022 to 31 December 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
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.
Pension costs
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.
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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 
Depreciation
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 
Net book value
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
VAT
- 
411,119 
Trade debtors
235,561 
1,164,876 
Accrued income and prepayments
42,644 
435,031 
Other debtors
425,891 
81,826 
704,096 
2,092,852 
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 
Accruals
33,517 
394,612 
Deferred income
124,167 
360,568 
999,342 
3,201,794 
7
Average number of employees
During the period the average number of employees was 79 (31/03/2022: 60).
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