Catersigns Ltd 06700744 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the sale of signage Digita Accounts Production Advanced 6.30.9574.0 true true true 06700744 2023-07-01 2024-06-30 06700744 2024-06-30 06700744 bus:OrdinaryShareClass1 2024-06-30 06700744 core:CurrentFinancialInstruments 2024-06-30 06700744 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 06700744 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 06700744 core:OtherPropertyPlantEquipment 2024-06-30 06700744 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-06-30 06700744 bus:SmallEntities 2023-07-01 2024-06-30 06700744 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 06700744 bus:FilletedAccounts 2023-07-01 2024-06-30 06700744 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06700744 bus:RegisteredOffice 2023-07-01 2024-06-30 06700744 bus:Director1 2023-07-01 2024-06-30 06700744 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 06700744 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-07-01 2024-06-30 06700744 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06700744 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 06700744 core:PlantMachinery 2023-07-01 2024-06-30 06700744 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-07-01 2024-06-30 06700744 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity core:RenderingOrReceivingServices 2023-07-01 2024-06-30 06700744 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity core:SaleOrPurchaseGoods 2023-07-01 2024-06-30 06700744 1 2023-07-01 2024-06-30 06700744 countries:AllCountries 2023-07-01 2024-06-30 06700744 2023-06-30 06700744 core:OtherPropertyPlantEquipment 2023-06-30 06700744 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-06-30 06700744 2022-07-01 2023-06-30 06700744 2023-06-30 06700744 bus:OrdinaryShareClass1 2023-06-30 06700744 core:CurrentFinancialInstruments 2023-06-30 06700744 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 06700744 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 06700744 core:OtherPropertyPlantEquipment 2023-06-30 06700744 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-06-30 06700744 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-07-01 2023-06-30 06700744 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-07-01 2023-06-30 06700744 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity core:RenderingOrReceivingServices 2022-07-01 2023-06-30 06700744 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity core:SaleOrPurchaseGoods 2022-07-01 2023-06-30 06700744 2022-06-30 06700744 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06700744

Catersigns Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Catersigns Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Catersigns Ltd

Company Information

Director

Mrs Melanie Margaret Andrews

Registered office

First Floor Templeback
10 Temple Back
Bristol
BS1 6FL

Accountants

Beckett Rawcliffe Limited
Chartered Accountants
Unit 17, Beckett House
Sovereign Court
Wyrefields
Poulton Le Fylde
Lancashire
FY6 8JX

 

Catersigns Ltd

(Registration number: 06700744)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,092

1,455

Current assets

 

Stocks

5

440

440

Debtors

6

961

2,853

Cash at bank and in hand

 

30,400

58,872

 

31,801

62,165

Creditors: Amounts falling due within one year

7

(17,862)

(28,177)

Net current assets

 

13,939

33,988

Total assets less current liabilities

 

15,031

35,443

Creditors: Amounts falling due after more than one year

7

(6,000)

-

Net assets

 

9,031

35,443

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

8,931

35,343

Shareholders' funds

 

9,031

35,443

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 August 2024
 

.........................................
Mrs Melanie Margaret Andrews
Director

   
     
 

Catersigns Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
First Floor Templeback
10 Temple Back
Bristol
BS1 6FL

These financial statements were authorised for issue by the director on 1 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Catersigns Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% on written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Catersigns Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Catersigns Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

3,715

3,715

At 30 June 2024

3,715

3,715

Depreciation

At 1 July 2023

2,260

2,260

Charge for the year

363

363

At 30 June 2024

2,623

2,623

Carrying amount

At 30 June 2024

1,092

1,092

At 30 June 2023

1,455

1,455

5

Stocks

2024
£

2023
£

Other inventories

440

440

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

361

(85)

Amounts owed by related parties

11

-

2,758

Other debtors

 

600

180

   

961

2,853

7

Creditors

Creditors: amounts falling due within one year

 

Catersigns Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

8,730

12,600

Trade creditors

 

505

5,652

Taxation and social security

 

8,303

9,912

Other creditors

 

324

13

 

17,862

28,177

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

6,000

-

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

8,730

12,600

10

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £520.00 (2023 - £252.50) per each Ordinary

52,000

25,250

 

 

11

Related party transactions

 

Catersigns Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

12,073

12,042

Summary of transactions with entities with joint control or significant interest

Mileta Signs and Products Ltd
 Inter Company Loan Account
 

Expenditure with and payables to related parties

2024

Entities with joint control or significant influence
£

Purchase of goods

23,758

Rendering of services

31,667

55,425

2023

Entities with joint control or significant influence
£

Purchase of goods

15,000

Rendering of services

15,000

30,000

Loans to related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

2,758

2,758

Repaid

(2,758)

(2,758)

At end of period

-

-

 

Catersigns Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

2023

Entities with joint control or significant influence
£

Total
£

Advanced

2,758

2,758

At end of period

2,758

2,758

Loans from related parties

2024

Entities with joint control or significant influence
£

Total
£

Advanced

6,000

6,000

At end of period

6,000

6,000

2023

Entities with joint control or significant influence
£

Total
£

At start of period

4,742

4,742

Repaid

(4,742)

(4,742)

At end of period

-

-

12

Parent and ultimate parent undertaking

The ultimate controlling party is Melanie Andrews.