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Company No: SC515495 (Scotland)

KATALYST BUSINESS CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH THE REGISTRAR

KATALYST BUSINESS CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2023

Contents

KATALYST BUSINESS CONSULTING LIMITED

BALANCE SHEET

AS AT 30 NOVEMBER 2023
KATALYST BUSINESS CONSULTING LIMITED

BALANCE SHEET (continued)

AS AT 30 NOVEMBER 2023
Note 30.11.2023 30.11.2022
£ £
Fixed assets
Tangible assets 3 0 108
Investments 4 1 1
1 109
Current assets
Debtors 5 56,679 57,773
Cash at bank and in hand 6 65,995 78,196
122,674 135,969
Creditors: amounts falling due within one year 7 ( 19,941) ( 19,304)
Net current assets 102,733 116,665
Total assets less current liabilities 102,734 116,774
Creditors: amounts falling due after more than one year 8 ( 14,928) ( 25,268)
Provision for liabilities 9, 10 0 ( 27)
Net assets 87,806 91,479
Capital and reserves
Called-up share capital 11 100 100
Profit and loss account 87,706 91,379
Total shareholders' funds 87,806 91,479

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Katalyst Business Consulting Limited (registered number: SC515495) were approved and authorised for issue by the Board of Directors on 27 August 2024. They were signed on its behalf by:

Mr G J Milne
Director
KATALYST BUSINESS CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2023
KATALYST BUSINESS CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Katalyst Business Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 22 Innerleithen Way, Perth, PH1 1RN, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Reporting period length

The financial statements cover the year to 30 November 2023. The comparative financial statements cover the fourteen months to 30 November 2022 and as such the comparative figures are not directly comparable.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss if any.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are initially measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities bank loans are recognised at transaction price.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Deferred tax provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

Year ended
30.11.2023
Period from
01.10.2021 to
30.11.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 December 2022 1,606 1,606
At 30 November 2023 1,606 1,606
Accumulated depreciation
At 01 December 2022 1,498 1,498
Charge for the financial year 108 108
At 30 November 2023 1,606 1,606
Net book value
At 30 November 2023 0 0
At 30 November 2022 108 108

4. Fixed asset investments

Investments in subsidiaries

30.11.2023
£
Cost
At 01 December 2022 1
At 30 November 2023 1
Carrying value at 30 November 2023 1
Carrying value at 30 November 2022 1

5. Debtors

30.11.2023 30.11.2022
£ £
Amounts owed by related parties 56,679 56,679
Corporation tax 0 1,094
56,679 57,773

6. Cash and cash equivalents

30.11.2023 30.11.2022
£ £
Cash at bank and in hand 65,995 78,196

7. Creditors: amounts falling due within one year

30.11.2023 30.11.2022
£ £
Bank loans 10,137 9,882
Other creditors 9,804 9,422
19,941 19,304

Included within bank loans are amounts advanced to the company under the Bounce Back Loan Scheme. This loan scheme is fully backed by government guarantee.

8. Creditors: amounts falling due after more than one year

30.11.2023 30.11.2022
£ £
Bank loans 14,928 25,268

Included within bank loans are amounts advanced to the company under the Bounce Back Loan Scheme. This loan scheme is fully backed by government guarantee.

9. Provision for liabilities

30.11.2023 30.11.2022
£ £
Deferred tax 0 27

10. Deferred tax

30.11.2023 30.11.2022
£ £
At the beginning of financial year/period ( 27) ( 163)
Credited to the Profit and Loss Account 27 136
At the end of financial year/period 0 ( 27)

11. Called-up share capital

30.11.2023 30.11.2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

12. Related party transactions

Transactions with the entity's directors

30.11.2023 30.11.2022
£ £
Amounts owed to directors 7,212 6,900

The above loan is unsecured, interest free and has no fixed terms of repayment.

Other related party transactions

30.11.2023 30.11.2022
£ £
Amounts due from related parties 56,679 56,679