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Company Registration No. 08567733 (England and Wales)
Catherine Veen Limited Unaudited accounts for the year ended 31 July 2024
Catherine Veen Limited Unaudited accounts Contents
Page
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Catherine Veen Limited Company Information for the year ended 31 July 2024
Director
Catherine Moore
Company Number
08567733 (England and Wales)
Registered Office
6 VICTORIA AVENUE HARROGATE NORTH YORKSHIRE HG1 1ED
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Catherine Veen Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
668 
1,001 
Current assets
Inventories
50,965 
52,116 
Debtors
15,360 
15,298 
Cash at bank and in hand
49,245 
14,711 
115,570 
82,125 
Creditors: amounts falling due within one year
(74,471)
(71,318)
Net current assets
41,099 
10,807 
Total assets less current liabilities
41,767 
11,808 
Provisions for liabilities
Deferred tax
- 
(190)
Net assets
41,767 
11,618 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
41,757 
11,608 
Shareholders' funds
41,767 
11,618 
For the year ending 31 July 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 September 2024 and were signed on its behalf by
Catherine Moore Director Company Registration No. 08567733
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Catherine Veen Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Catherine Veen Limited is a private company, limited by shares, registered in England and Wales, registration number 08567733. The registered office is 6 VICTORIA AVENUE, HARROGATE, NORTH YORKSHIRE, HG1 1ED.
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 remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Accounting Convention
These financial statements have been produced in accordance with FRS 102 Section 1A.
Presentation currency
The accounts are presented in £ sterling.
Revenue
Revenue, described as turnover is the value of services and goods, net of VAT and discounts, provided to customers during the year.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is determined on a first in, first out basis. Net realisable value is based on estimated selling price, less any further costs of realisation.
Leasing and hire purchase contracts
Where assets are financed by leasing agreements that give rights approximating to ownership (finance leases) the assets are treated as if they had been purchased outright. The amount capitalised is the fair value of the asset concerned. The corresponding liability to the leasing company is included as an obligation under finance leases. Depreciation is charged to the profit and loss account over the shorter of the lease term and their useful lives. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to the profit and loss account on a straight line basis.
Goodwill
Goodwill is amortised on a straight line basis over its estimated useful economic life of 10 years.
Government grants
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income, on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
Deferred taxation
Deferred tax has been provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
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Catherine Veen Limited Notes to the Accounts for the year ended 31 July 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
100,000 
At 31 July 2024
100,000 
Amortisation
At 1 August 2023
100,000 
At 31 July 2024
100,000 
Net book value
At 31 July 2024
- 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
49,762 
At 31 July 2024
49,762 
Depreciation
At 1 August 2023
48,761 
Charge for the year
333 
At 31 July 2024
49,094 
Net book value
At 31 July 2024
668 
At 31 July 2023
1,001 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,224 
9,305 
Other debtors
6,136 
5,993 
15,360 
15,298 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
2,344 
Trade creditors
12,519 
12,985 
Taxes and social security
18,316 
9,900 
Other creditors
2,205 
2,264 
Loans from directors
41,431 
43,825 
74,471 
71,318 
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Catherine Veen Limited Notes to the Accounts for the year ended 31 July 2024
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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