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REGISTERED NUMBER: 06595394 (England and Wales)















Katalysys Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Katalysys Ltd (Registered number: 06595394)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Katalysys Ltd

Company Information
for the year ended 31 March 2024







Directors: A Abraham
M Bhat
A Dasuri
S Prabhu





Secretary: S Prabhu





Registered office: 25 Old Broad Street
Signature Regus
Tower 42
London
EC2N 1HN





Registered number: 06595394 (England and Wales)





Accountants: Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Katalysys Ltd (Registered number: 06595394)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 3,671 2,090

Current assets
Debtors 5 300,227 249,939
Investments 6 707,169 916,605
Cash at bank 898,061 501,320
1,905,457 1,667,864
Creditors
Amounts falling due within one year 7 358,128 327,026
Net current assets 1,547,329 1,340,838
Total assets less current liabilities 1,551,000 1,342,928

Creditors
Amounts falling due after more than one
year

8

(71,269

)

-

Provisions for liabilities (10,997 ) (2,297 )
Net assets 1,468,734 1,340,631

Capital and reserves
Called up share capital 9 1,000 1,000
Retained earnings 1,467,734 1,339,631
Shareholders' funds 1,468,734 1,340,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:



A Abraham - Director


Katalysys Ltd (Registered number: 06595394)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Katalysys 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.

Going concern
The company's financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs in assessing going concern, the directors have a reasonable expectation that the company will continue as a going concern and is able to meet all of its obligations as they fall due for a minimum of 12 months from the date of approval of these financial statements.

Turnover
Turnover is recognised to the extent that it is probable economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from a contract to provide services is recognised in the period in which the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Computer Equipment etc - 3 years on a straight line basis

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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Katalysys Ltd (Registered number: 06595394)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued

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.

Investments
Investments in equity instruments are measured initially at fair value, which is normally the transaction price. Transaction costs are excluded if the investments are subsequently measured at fair value through profit and loss. Subsequent to initial recognition investments that can be measured reliably are measured at fair value with changes recognised through profit or loss.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a
party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial
recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the
substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs

Key sources of estimation, uncertainty and judgements
Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the
effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments.

There is estimation uncertainty in calculating bad debt provisions. A review of trade debtors is carried out by the directors regularly. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provision do not match the level of debts which ultimately prove to be uncollectable.

There is estimate uncertainty in the calculation and assessment of the investment impairment carried out annually by the directors. Whilst any impairment review is based on market conditions, there remains a risk that the impairment proves inaccurate.

3. Employees and directors

The average number of employees during the year was 10 (2023 - 9 ) .

Katalysys Ltd (Registered number: 06595394)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 April 2023 31,991
Additions 4,196
At 31 March 2024 36,187
Depreciation
At 1 April 2023 29,901
Charge for year 2,615
At 31 March 2024 32,516
Net book value
At 31 March 2024 3,671
At 31 March 2023 2,090

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 286,852 233,533
Other debtors 13,375 16,406
300,227 249,939

6. Current asset investments
2024 2023
£ £
Listed investments 707,169 916,605

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts - 713
Trade creditors 12,991 18,472
Taxation and social security 283,601 307,841
Other creditors 61,536 -
358,128 327,026

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 71,269 -

Katalysys Ltd (Registered number: 06595394)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
NIL - -
1,000,000 Ordinary £0.001 1,000 1,000
1,000 1,000

10. Pension commitments

The company operates a defined contribution pension scheme, The assets of the scheme are held separately from those of the company in independent administered funds. The pension cost charge represents contributions payable by the company to the fund and amount to £246,097 (2023: £164,571).