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REGISTERED NUMBER: 03704243 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CATALYST INTERIORS LTD

CATALYST INTERIORS LTD (REGISTERED NUMBER: 03704243)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CATALYST INTERIORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







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
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,952 43,727

CURRENT ASSETS
Stocks 750,131 740,667
Debtors 5 936,155 281,859
Cash at bank and in hand 747,569 471,433
2,433,855 1,493,959
CREDITORS
Amounts falling due within one year 6 726,163 239,053
NET CURRENT ASSETS 1,707,692 1,254,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,748,644

1,298,633

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve (407,246 ) (407,246 )
Retained earnings 2,155,390 1,705,379
SHAREHOLDERS' FUNDS 1,748,644 1,298,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 12 April 2024 and were signed by:





M A Davies - Director


CATALYST INTERIORS LTD (REGISTERED NUMBER: 03704243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

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 29 FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Leasehold to and
Improvements property fittings
£    £    £   
COST
At 1 March 2023 3,188 5,650 84,404
Additions - - 12,094
At 29 February 2024 3,188 5,650 96,498
DEPRECIATION
At 1 March 2023 2,859 - 76,139
Charge for year 159 - 6,689
At 29 February 2024 3,018 - 82,828
NET BOOK VALUE
At 29 February 2024 170 5,650 13,670
At 28 February 2023 329 5,650 8,265

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 55,245 189,026 337,513
Additions - 2,550 14,644
At 29 February 2024 55,245 191,576 352,157
DEPRECIATION
At 1 March 2023 44,299 170,489 293,786
Charge for year 3,612 6,959 17,419
At 29 February 2024 47,911 177,448 311,205
NET BOOK VALUE
At 29 February 2024 7,334 14,128 40,952
At 28 February 2023 10,946 18,537 43,727

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 239,447 225,259
Other debtors 92,818 56,600
Directors' current accounts 194,141 -
VAT 30,854 -
Prepayments 378,895 -
936,155 281,859

CATALYST INTERIORS LTD (REGISTERED NUMBER: 03704243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 471,584 123,169
Tax 225,313 87,126
Social security and other taxes 18,643 17,005
VAT - 3,739
Other creditors 10,623 7,942
Directors' current accounts - 72
726,163 239,053