Company Registration No. 13769896 (England and Wales)
CATAPULT LABS LTD
ANNUAL REPORT AND UNAUDITED ACCOUNTS
FOR THE PERIOD FROM 01 December 2022 TO 30 November 2023
CATAPULT LABS LTD
ANNUAL REPORT AND UNAUDITED ACCOUNTS
CONTENTS
| Page |
| |
Company information | 3 |
| |
Statement of financial position | 4 |
| |
Notes to the accounts | 5 |
CATAPULT LABS LTD
COMPANY INFORMATION
FOR THE PERIOD FROM 01 DECEMBER 2022 TO 30 NOVEMBER 2023
Directors | Ravsumeet Singh Sandhu |
| Gregory Barnard Wilsenach |
| |
Company Number | 13769896 (England and Wales) |
| |
Registered Office | 241 Southwark Bridge Road |
| London |
| SE1 6FP |
CATAPULT LABS LTD
STATEMENT OF FINANCIAL POSITION
AS AT 30 November 2023
| | 2023 | 2022 |
| Notes | £ | £ |
| | | |
Fixed assets | | | |
Intangible assets | 4 | 2,000 | 2,000 |
Tangible assets | 5 | 9,659 | 10,832 |
| | 11,659 | 12,832 |
Current assets | | | |
Debtors | 6 | 36,932 | 48,758 |
Cash at bank and in hand | | 2,877,015 | 3,767,286 |
| | 2,913,947 | 3,816,044 |
| | | |
Creditors: amounts falling due within one year | 7 | (136,180) | (171,777) |
| | | |
Net current assets | | 2,777,767 | 3,644,267 |
| | | |
Net assets | | 2,789,426 | 3,657,099 |
| | | |
Capital and reserves | | | |
| | | |
Called up share capital | | 82 | 82 |
Capital contribution reserve | | 4,057,499 | 4,057,499 |
Profit and loss account | | (1,268,155) | (400,482) |
| | | |
Shareholders' funds | | 2,789,426 | 3,657,099 |
For the period ending 30 November 2023 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2024 and were signed on its behalf by
Ravsumeet Singh Sandhu
Director
Company Registration No. 13769896
CATAPULT LABS LTD
NOTES TO THE ACCOUNTS
FOR THE PERIOD FROM 01 DECEMBER 2022 TO 30 NOVEMBER 2023
1 Statutory information
CATAPULT LABS LTD is a private company, limited by shares, registered in England and Wales, registration number 13769896. The registered office is 20 St Thomas, London, SE1 9RS.
2 Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3 Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost.
4 Intangible fixed assets
| 2023 | 2022 |
| Other | Other |
| £ | £ |
Cost | | |
At the beginning of the period | 2,000 | - |
Additions during the period | - | 2,000 |
At the end of the period | 2,000 | 2,000 |
| | |
Amortisation | | |
At the beginning of the period | - | - |
Charge during the period | - | - |
At the end of the period | - | - |
| | |
Net book value | | |
At the end of the period | 2,000 | 2,000 |
CATAPULT LABS LTD
NOTES TO THE ACCOUNTS
FOR THE PERIOD FROM 01 DECEMBER 2022 TO 30 NOVEMBER 2023
5 Tangible fixed assets
| 2023 | 2022 |
| Computer | Computer |
| equipment | equipment |
| £ | £ |
Cost or valuation | At cost | At cost |
At the beginning of the period | 12,083 | - |
Additions during the period | 3,515 | 12,083 |
At the end of the period | 15,598 | 12,083 |
| | |
Depreciation | | |
At the beginning of the period | 1,251 | - |
Charge during the period | 4,689 | 1,251 |
At the end of the period | 5,940 | 1,251 |
| | |
Net book value | | |
At the end of the period | 9,659 | 10,832 |
6 Debtors
| 2023 | 2022 |
| £ | £ |
| | |
Amounts falling due within one year | | |
VAT | 14,245 | 23,107 |
Accrued income and prepayments | 7,532 | 9,091 |
| | |
| 21,777 | 32,198 |
| | |
Amounts falling due after more than one year | | |
Other debtors | 15,155 | 16,560 |
7 Creditors: amounts falling due within one year
| 2023 | 2022 |
| £ | £ |
| | |
Trade creditors | 3,873 | 29,142 |
Taxes and social security | 12,306 | 22,635 |
Other creditors | 120,001 | 120,000 |
| | |
| 136,180 | 171,777 |
8 Average number of employees
During the period the average number of employees was 4.
V.1.0
FINTAGS
false
Business and domestic software development
29 November 2021
30 November 2022
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
24 August 2024
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