Registered number
SC599418
CAT G1 LIMITED
Filleted Accounts
31 July 2023
CAT G1 LIMITED
Registered number: SC599418
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 218,516 226,509
218,516 226,509
Current assets
Stocks 74,825 54,980
Cash at bank and in hand 230,375 57,896
305,200 112,876
Creditors: amounts falling due within one year 4 (337,373) (153,842)
Net current liabilities (32,173) (40,966)
Total assets less current liabilities 186,343 185,543
Creditors: amounts falling due after more than one year 5 (64,007) (73,769)
Provisions for liabilities - -
Net assets 122,336 111,774
Capital and reserves
Called up share capital 100 100
Share premium - -
Profit and loss account 122,236 111,674
Shareholder's funds 122,336 111,774
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Catherine Jane Gilmour
Director
Approved by the board on 17 September 2023
CAT G1 LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at 10% reducing balance.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 4
3 Tangible fixed assets
Land and buildings Fixtures & Fittings Equipment Total
£ £ £ £
Cost
At 1 August 2022 146,583 89,228 4,594 240,405
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 July 2023 146,583 89,228 4,594 240,405
Depreciation
At 1 August 2022 - 13,187 709 13,896
Charge for the year - 7,604 389 7,993
Surplus on revaluation - - - -
On disposals - - - -
At 31 July 2023 - 20,791 1,098 21,889
Net book value
At 31 July 2023 146,583 68,437 3,496 218,516
At 31 July 2022 146,583 76,041 3,885 226,509
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 294,843 87,984
Accruals 1,000 33,365
Taxation and social security costs 20,484 11,447
Other creditors 21,046 21,046
337,373 153,842
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 29,007 38,769
Other creditors 35,000 35,000
64,007 73,769
6 Other information
CAT G1 LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
162 Darnley Street
Glasgow
G41 2LL
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