Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06831595 Mr Matthew Charles O'Mara Mr Charles O'Mara Ms Kathy Moss iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06831595 2023-03-31 06831595 2024-03-31 06831595 2023-04-01 2024-03-31 06831595 frs-core:CurrentFinancialInstruments 2024-03-31 06831595 frs-core:Non-currentFinancialInstruments 2024-03-31 06831595 frs-core:BetweenOneFiveYears 2024-03-31 06831595 frs-core:ComputerEquipment 2024-03-31 06831595 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06831595 frs-core:ComputerEquipment 2023-03-31 06831595 frs-core:PlantMachinery 2024-03-31 06831595 frs-core:PlantMachinery 2023-04-01 2024-03-31 06831595 frs-core:PlantMachinery 2023-03-31 06831595 frs-core:WithinOneYear 2024-03-31 06831595 frs-core:ShareCapital 2024-03-31 06831595 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06831595 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06831595 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06831595 frs-bus:SmallEntities 2023-04-01 2024-03-31 06831595 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06831595 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06831595 frs-bus:Director1 2023-04-01 2024-03-31 06831595 frs-bus:Director2 2023-04-01 2024-03-31 06831595 frs-bus:Director3 2023-04-01 2024-03-31 06831595 frs-countries:EnglandWales 2023-04-01 2024-03-31 06831595 2022-03-31 06831595 2023-03-31 06831595 2022-04-01 2023-03-31 06831595 frs-core:CurrentFinancialInstruments 2023-03-31 06831595 frs-core:Non-currentFinancialInstruments 2023-03-31 06831595 frs-core:BetweenOneFiveYears 2023-03-31 06831595 frs-core:WithinOneYear 2023-03-31 06831595 frs-core:ShareCapital 2023-03-31 06831595 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06831595
Catena Inspection & Engineering Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
L J Hanbury Limited
143 Tamworth Road
Long Eaton
Nottingham
NG10 1BY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06831595
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 89,696 116,282
89,696 116,282
CURRENT ASSETS
Stocks 5 243,743 256,852
Debtors 6 536,453 304,215
Cash at bank and in hand 862 5,808
781,058 566,875
Creditors: Amounts Falling Due Within One Year 7 (415,130 ) (330,768 )
NET CURRENT ASSETS (LIABILITIES) 365,928 236,107
TOTAL ASSETS LESS CURRENT LIABILITIES 455,624 352,389
Creditors: Amounts Falling Due After More Than One Year 8 (32,918 ) (63,018 )
NET ASSETS 422,706 289,371
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 422,606 289,271
SHAREHOLDERS' FUNDS 422,706 289,371
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For the year ending 31 March 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Charles O'Mara
Director
09/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Catena Inspection & Engineering Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06831595 . The registered office is Brookhill Road, Brookhill Industrial Estate, Pinxton, Nottingham, NG16 6NS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Computer Equipment 33% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 23)
23 23
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 311,431 53,010 364,441
Additions - 3,861 3,861
As at 31 March 2024 311,431 56,871 368,302
Depreciation
As at 1 April 2023 195,292 52,867 248,159
Provided during the period 29,034 1,413 30,447
As at 31 March 2024 224,326 54,280 278,606
Net Book Value
As at 31 March 2024 87,105 2,591 89,696
As at 1 April 2023 116,139 143 116,282
5. Stocks
2024 2023
£ £
Stock 81,001 61,933
Work in progress 162,742 194,919
243,743 256,852
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 490,699 270,618
Other debtors 45,754 33,597
536,453 304,215
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 30,100 28,686
Trade creditors 268,300 177,006
Bank loans and overdrafts 1,941 36,183
Other creditors 46,087 69,351
Taxation and social security 68,702 19,542
415,130 330,768
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 32,918 63,018
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 30,100 28,686
Later than one year and not later than five years 32,918 63,018
63,018 91,704
63,018 91,704
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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