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REGISTERED NUMBER: 02192546 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

CATERLINE LIMITED

CATERLINE LIMITED (REGISTERED NUMBER: 02192546)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CATERLINE LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTORS: Mr G Briscoe
Mr H Briscoe
Mrs J Briscoe
Mrs D Talbot





SECRETARY: Mr G Briscoe





REGISTERED OFFICE: Priestley Road
Worsley
Manchester
M28 2LX





REGISTERED NUMBER: 02192546 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

CATERLINE LIMITED (REGISTERED NUMBER: 02192546)

BALANCE SHEET
31st December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,620 628
Tangible assets 5 617,789 551,457
620,409 552,085

CURRENT ASSETS
Stocks 380,345 313,366
Debtors 6 443,465 419,965
Cash at bank 8,215 39,575
832,025 772,906
CREDITORS
Amounts falling due within one year 7 (1,522,648 ) (1,381,819 )
NET CURRENT LIABILITIES (690,623 ) (608,913 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(70,214

)

(56,828

)

CREDITORS
Amounts falling due after more than one
year

8

(171,866

)

(189,164

)

PROVISIONS FOR LIABILITIES (115,864 ) -
NET LIABILITIES (357,944 ) (245,992 )

CAPITAL AND RESERVES
Called up share capital 10 400 400
Share premium 239,756 239,756
Retained earnings (598,100 ) (486,148 )
SHAREHOLDERS' FUNDS (357,944 ) (245,992 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

CATERLINE LIMITED (REGISTERED NUMBER: 02192546)

BALANCE SHEET - continued
31st December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th September 2024 and were signed on its behalf by:





Mrs D Talbot - Director


CATERLINE LIMITED (REGISTERED NUMBER: 02192546)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023


1. STATUTORY INFORMATION

Caterline Limited is a private company limited by shares, incorporated in England and Wales, registration number 02192546. The address of the registered office and principle place of business is Priestley Road, Worsley, Manchester, United Kingdom, M28 2LX.

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.

The concept of going concern is an underlying assumption in the production of financial statements. As there are considerable net liabilities there is a question mark over going concern. Although there is no formal agreement in place the director has indicated he will continue to provide financial support to the company for at least 12 months from the date of these accounts

Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is presented net value-added-tax, rebates and discounts.

Turnover principally consists of manufacture and sale of plastic packaging goods which are recognised at the point of which the goods are sold..

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised at 20% using the straight line method.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over
estimated useful lives, using the following methods:

Plant and machinery-10% Reducing balance
Fixtures and fittings-15% Straight line
Motor vehicles-25% Straight line
Leasehold Improvement -25% Straight line

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.


CATERLINE LIMITED (REGISTERED NUMBER: 02192546)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

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.

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank. Bank borrowings and overdrafts are included in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 29 ) .

CATERLINE LIMITED (REGISTERED NUMBER: 02192546)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023


4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1st January 2023 58,539
Additions 2,796
At 31st December 2023 61,335
AMORTISATION
At 1st January 2023 57,911
Amortisation for year 804
At 31st December 2023 58,715
NET BOOK VALUE
At 31st December 2023 2,620
At 31st December 2022 628

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st January 2023 24,243 2,629,186 244,991 28,669 2,927,089
Additions 25,397 128,843 3,620 - 157,860
At 31st December 2023 49,640 2,758,029 248,611 28,669 3,084,949
DEPRECIATION
At 1st January 2023 2,186 2,105,829 238,948 28,669 2,375,632
Charge for year 10,198 79,372 1,958 - 91,528
At 31st December 2023 12,384 2,185,201 240,906 28,669 2,467,160
NET BOOK VALUE
At 31st December 2023 37,256 572,828 7,705 - 617,789
At 31st December 2022 22,057 523,357 6,043 - 551,457

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 412,358 396,497
Other debtors 31,107 23,468
443,465 419,965

CATERLINE LIMITED (REGISTERED NUMBER: 02192546)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 9,999
Hire purchase contracts 65,399 53,999
Trade creditors 760,023 731,769
Taxation and social security 257,780 253,784
Other creditors 429,446 332,268
1,522,648 1,381,819

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 34,566 39,664
Hire purchase contracts 137,300 149,500
171,866 189,164

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 202,699 203,499
Factoring loan 296,597 286,223
499,296 489,722

The above amounts are secured against company's assets using fixed and floating charges.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
400 Ordinary £1.00 400 400

11. OFF-BALANCE SHEET ARRANGEMENTS

Operating lease commitments not included in the balance sheet amount to £7,280 (2022 - £77,159).