Catalyst Training (Cirencester) Limited
Registered number: 10229762
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 44,232 42,172
Current assets
Stocks 1,862 1,843
Debtors 4 1,453 172
Cash at bank and in hand 14,181 25,685
17,496 27,700
Creditors: amounts falling due within one year 5 (18,000) (18,132)
Net current (liabilities)/assets (504) 9,568
Total assets less current liabilities 43,728 51,740
Creditors: amounts falling due after more than one year 6 (25,016) (34,546)
Provisions for liabilities (5,471) (4,798)
Net assets 13,241 12,396
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,141 12,296
Shareholders' funds 13,241 12,396
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
A Oakley
Director
Approved by the board on 10 October 2023
Catalyst Training (Cirencester) Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 section 1(a), 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 10 years
Plant and machinery over 5 years
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. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 33,243 64,689 97,932
Additions 1,602 10,296 11,898
Disposals (1,218) (956) (2,174)
At 31 March 2023 33,627 74,029 107,656
Depreciation
At 1 April 2022 13,917 41,843 55,760
Charge for the year 3,123 6,235 9,358
On disposals (814) (880) (1,694)
At 31 March 2023 16,226 47,198 63,424
Net book value
At 31 March 2023 17,401 26,831 44,232
At 31 March 2022 19,326 22,846 42,172
4 Debtors 2023 2022
£ £
Other debtors 1,453 172
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,530 4,765
Trade creditors 461 -
Other taxes and social security costs 1,099 -
Directors' current account 92 6,890
Other creditors 6,818 6,477
18,000 18,132
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 25,016 34,546
7 Other information
Catalyst Training (Cirencester) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3 Stirling Works
Love Lane
Cirencester
Gloucestershire
GL7 1YG
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