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REGISTERED NUMBER: SC500216 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Catch The Light Limited

Catch The Light Limited (Registered number: SC500216)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Catch The Light Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs T McDonald
I McDonald





REGISTERED OFFICE: 15 Hope Street
Townhouse 2
Lanark
Lanarkshire
ML11 7LZ





REGISTERED NUMBER: SC500216 (Scotland)





ACCOUNTANTS: ICW Accountancy Ltd
15 St Leonard Street
Lanark
Lanarkshire
ML11 7AB

Catch The Light Limited (Registered number: SC500216)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,365 2,956

CURRENT ASSETS
Stocks 8,000 -
Debtors 5 21,671 50
Cash at bank 2,230 20,978
31,901 21,028
CREDITORS
Amounts falling due within one year 6 11,936 15,827
NET CURRENT ASSETS 19,965 5,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,330

8,157

CREDITORS
Amounts falling due after more than one year 7 (11,540 ) (13,387 )

PROVISIONS FOR LIABILITIES (146 ) (562 )
NET ASSETS/(LIABILITIES) 9,644 (5,792 )

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 9,543 (5,893 )
SHAREHOLDERS' FUNDS 9,644 (5,792 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Catch The Light Limited (Registered number: SC500216)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





Mrs T McDonald - Director


Catch The Light Limited (Registered number: SC500216)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Catch The Light Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life.

Fixtures & Fittings - 20% on a reducing balance

Computer Equipment - 33% on a straight line basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Catch The Light Limited (Registered number: SC500216)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 8,365
Disposals (758 )
At 31 March 2024 7,607
DEPRECIATION
At 1 April 2023 5,409
Charge for year 1,432
Eliminated on disposal (599 )
At 31 March 2024 6,242
NET BOOK VALUE
At 31 March 2024 1,365
At 31 March 2023 2,956

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 21,625 -
Other debtors 46 50
21,671 50

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,847 1,847
Trade creditors 144 578
Taxation and social security 5,337 12,766
Other creditors 4,608 636
11,936 15,827

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,540 13,387

Catch The Light Limited (Registered number: SC500216)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mrs T McDonald
Balance outstanding at start of year (14 ) (377 )
Amounts advanced 8,280 8,197
Amounts repaid (8,647 ) (7,834 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (381 ) (14 )

I McDonald
Balance outstanding at start of year (622 ) (3,293 )
Amounts advanced 3,060 3,903
Amounts repaid (2,438 ) (1,232 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (622 )

There is no interest accrued on the balances and no formal repayment plan.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs T McDonald.