Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09296860 T H Katte C H Katte iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09296860 2023-03-31 09296860 2024-03-31 09296860 2023-04-01 2024-03-31 09296860 frs-core:CurrentFinancialInstruments 2024-03-31 09296860 frs-core:ComputerEquipment 2024-03-31 09296860 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09296860 frs-core:ComputerEquipment 2023-03-31 09296860 frs-core:FurnitureFittings 2024-03-31 09296860 frs-core:FurnitureFittings 2023-04-01 2024-03-31 09296860 frs-core:FurnitureFittings 2023-03-31 09296860 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 09296860 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09296860 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 09296860 frs-core:WithinOneYear 2024-03-31 09296860 frs-core:ShareCapital 2024-03-31 09296860 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09296860 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09296860 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09296860 frs-bus:SmallEntities 2023-04-01 2024-03-31 09296860 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09296860 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09296860 frs-bus:Director1 2023-04-01 2024-03-31 09296860 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 09296860 frs-countries:EnglandWales 2023-04-01 2024-03-31 09296860 2022-03-31 09296860 2023-03-31 09296860 2022-04-01 2023-03-31 09296860 frs-core:CurrentFinancialInstruments 2023-03-31 09296860 frs-core:BetweenOneFiveYears 2023-03-31 09296860 frs-core:WithinOneYear 2023-03-31 09296860 frs-core:ShareCapital 2023-03-31 09296860 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Katte & Co Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09296860
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,700 68,564
30,700 68,564
CURRENT ASSETS
Debtors 5 389,168 388,177
Cash at bank and in hand 384,630 192,054
773,798 580,231
Creditors: Amounts Falling Due Within One Year 6 (390,106 ) (462,105 )
NET CURRENT ASSETS (LIABILITIES) 383,692 118,126
TOTAL ASSETS LESS CURRENT LIABILITIES 414,392 186,690
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,193 ) (15,092 )
NET ASSETS 408,199 171,598
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 408,198 171,597
SHAREHOLDERS' FUNDS 408,199 171,598
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
T H Katte
Director
23 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Katte & Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09296860 . The registered office is 306 Edinburgh House , 170 Kennington Lane, London, SE11 5DP.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when services are performed.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold over the length of the lease
Fixtures & Fittings 20% on cost
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 material 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.8. Share Based Payments
The fair value of employee share options is calculated when they are granted using an option pricing model. If material, the resulting cost is charged in the statement of income and retained earnings as an employee benefit expense over the vesting period of the option together with a corresponding increase in equity.
Service conditions are not taken into account when determining the grant date fair value but the likelihood of the conditions being met is assessed as part of the best estimate of the number of share options that will ultimately vest.
3. Average Number of Employees
Average number of employees during the year was: 32 (2023: 37)
32 37
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 38,982 26,666 76,140 141,788
Additions - 337 4,065 4,402
As at 31 March 2024 38,982 27,003 80,205 146,190
Depreciation
As at 1 April 2023 7,088 19,766 46,370 73,224
Provided during the period 21,262 3,218 17,786 42,266
As at 31 March 2024 28,350 22,984 64,156 115,490
Net Book Value
As at 31 March 2024 10,632 4,019 16,049 30,700
As at 1 April 2023 31,894 6,900 29,770 68,564
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 333,505 320,147
Other debtors 55,663 68,030
389,168 388,177
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 38,949 45,782
Other creditors 64,190 144,726
Taxation and social security 286,967 271,597
390,106 462,105
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 41,452 88,074
Later than one year and not later than five years - 43,196
41,452 131,270
9. Related Party Transactions
At the balance sheet date, the company owed the director £22 (2023: £40,771). This amount is interest free and repayable upon demand.
10. Share Based Payment Transactions
In 2018 the company granted 50 share options to an employees under an EMI scheme with an exercise price of £220 per share.
On 30 June 2023 the company granted a further 61 share options under an EMI scheme with an exercise price of £793 per share.
In both instances, as the option exercise price was equal to the market value at the date of grant, there was no material employee benefit expense to recognise in the financial statements.
All options vest upon a share sale, asset sale or listing of the company and will be settled in equity.
At the balance sheet date, all share options were outstanding and none were exercisable.
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