5 false false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 10,000 10,000 xbrli:pure xbrli:shares iso4217:GBP 08204235 2022-10-01 2023-09-30 08204235 2023-09-30 08204235 2022-09-30 08204235 2021-10-01 2022-09-30 08204235 2022-09-30 08204235 2021-09-30 08204235 core:NetGoodwill 2022-10-01 2023-09-30 08204235 core:PlantMachinery 2022-10-01 2023-09-30 08204235 core:FurnitureFittings 2022-10-01 2023-09-30 08204235 core:MotorVehicles 2022-10-01 2023-09-30 08204235 bus:Director2 2022-10-01 2023-09-30 08204235 bus:Director3 2022-10-01 2023-09-30 08204235 bus:Director1 2022-10-01 2023-09-30 08204235 core:NetGoodwill 2023-09-30 08204235 core:PlantMachinery 2022-09-30 08204235 core:FurnitureFittings 2022-09-30 08204235 core:MotorVehicles 2022-09-30 08204235 core:PlantMachinery 2023-09-30 08204235 core:FurnitureFittings 2023-09-30 08204235 core:MotorVehicles 2023-09-30 08204235 core:WithinOneYear 2023-09-30 08204235 core:WithinOneYear 2022-09-30 08204235 core:AfterOneYear 2023-09-30 08204235 core:ShareCapital 2023-09-30 08204235 core:ShareCapital 2022-09-30 08204235 core:RetainedEarningsAccumulatedLosses 2023-09-30 08204235 core:RetainedEarningsAccumulatedLosses 2022-09-30 08204235 core:PlantMachinery 2022-09-30 08204235 core:FurnitureFittings 2022-09-30 08204235 core:MotorVehicles 2022-09-30 08204235 bus:Director1 2021-09-30 08204235 bus:Director1 2021-10-01 2022-09-30 08204235 bus:SmallEntities 2022-10-01 2023-09-30 08204235 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 08204235 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 08204235 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08204235 bus:FullAccounts 2022-10-01 2023-09-30
COMPANY REGISTRATION NUMBER: 08204235
Cattelona Builders Limited
Filleted Unaudited Financial Statements
30 September 2023
Cattelona Builders Limited
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
6
28,295
14,473
Current assets
Stocks
6,000
3,800
Debtors
7
11,069
27,743
Cash at bank and in hand
8,632
--------
--------
17,069
40,175
Creditors: amounts falling due within one year
8
49,854
14,939
--------
--------
Net current (liabilities)/assets
( 32,785)
25,236
--------
--------
Total assets less current liabilities
( 4,490)
39,709
Creditors: amounts falling due after more than one year
9
14,913
Provisions
Taxation including deferred tax
7,074
3,619
--------
--------
Net (liabilities)/assets
( 26,477)
36,090
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 26,577)
35,990
--------
--------
Shareholders (deficit)/funds
( 26,477)
36,090
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Cattelona Builders Limited
Statement of Financial Position (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 31 July 2024 , and are signed on behalf of the board by:
Mr J A Cattelona
Mr M E Cattelona
Director
Director
Company registration number: 08204235
Cattelona Builders Limited
Notes to the Financial Statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oakley House, Tetbury Road, Cirencester, Gloucestershire, GL7 1US.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director considers that it is appropriate to prepare the financial statements on a going concern basis as they are continuing to pay debts as they fall due.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date where material.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
10% reducing balance
Fixtures and fititngs
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 5 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2022 and 30 September 2023
10,000
--------
Amortisation
At 1 October 2022 and 30 September 2023
10,000
--------
Carrying amount
At 30 September 2023
--------
At 30 September 2022
--------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 October 2022
25,908
3,488
18,795
48,191
Additions
20,833
20,833
--------
-------
--------
--------
At 30 September 2023
25,908
3,488
39,628
69,024
--------
-------
--------
--------
Depreciation
At 1 October 2022
13,815
3,288
16,615
33,718
Charge for the year
1,207
51
5,753
7,011
--------
-------
--------
--------
At 30 September 2023
15,022
3,339
22,368
40,729
--------
-------
--------
--------
Carrying amount
At 30 September 2023
10,886
149
17,260
28,295
--------
-------
--------
--------
At 30 September 2022
12,093
200
2,180
14,473
--------
-------
--------
--------
7. Debtors
2023
2022
£
£
Trade debtors
1,180
15,614
Other debtors
9,889
12,129
--------
--------
11,069
27,743
--------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
14,124
Trade creditors
21,880
7,051
Corporation tax
57
1,918
Social security and other taxes
3,719
Other creditors
13,793
2,251
--------
--------
49,854
14,939
--------
--------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
14,913
--------
----
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr N A Cattelona
----
----
----
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr N A Cattelona
( 94)
94
----
----
----