15 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 224,344 134,607 44,868 179,475 44,869 89,737 5,485 5,485 xbrli:pure xbrli:shares iso4217:GBP 12428763 2023-02-01 2024-01-31 12428763 2024-01-31 12428763 2023-01-31 12428763 2022-02-01 2023-01-31 12428763 2023-01-31 12428763 2022-01-31 12428763 core:NetGoodwill 2023-02-01 2024-01-31 12428763 core:PlantMachinery 2023-02-01 2024-01-31 12428763 core:FurnitureFittings 2023-02-01 2024-01-31 12428763 core:MotorVehicles 2023-02-01 2024-01-31 12428763 bus:Director1 2023-02-01 2024-01-31 12428763 core:NetGoodwill 2023-01-31 12428763 core:NetGoodwill 2024-01-31 12428763 core:PlantMachinery 2023-01-31 12428763 core:FurnitureFittings 2023-01-31 12428763 core:MotorVehicles 2023-01-31 12428763 core:PlantMachinery 2024-01-31 12428763 core:FurnitureFittings 2024-01-31 12428763 core:MotorVehicles 2024-01-31 12428763 core:WithinOneYear 2024-01-31 12428763 core:WithinOneYear 2023-01-31 12428763 core:AfterOneYear 2024-01-31 12428763 core:AfterOneYear 2023-01-31 12428763 core:ShareCapital 2024-01-31 12428763 core:ShareCapital 2023-01-31 12428763 core:RetainedEarningsAccumulatedLosses 2024-01-31 12428763 core:RetainedEarningsAccumulatedLosses 2023-01-31 12428763 core:NetGoodwill 2023-01-31 12428763 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 12428763 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2024-01-31 12428763 core:PlantMachinery 2023-01-31 12428763 core:FurnitureFittings 2023-01-31 12428763 core:MotorVehicles 2023-01-31 12428763 bus:SmallEntities 2023-02-01 2024-01-31 12428763 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12428763 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12428763 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12428763 bus:FullAccounts 2023-02-01 2024-01-31
COMPANY REGISTRATION NUMBER: 12428763
Catalogue E (UK) Ltd
Filleted Unaudited Financial Statements
31 January 2024
Catalogue E (UK) Ltd
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
44,869
89,737
Tangible assets
6
140,711
80,135
---------
---------
185,580
169,872
Current assets
Stocks
121,923
67,973
Debtors
8
913,365
847,931
Cash at bank and in hand
277,931
438,420
------------
------------
1,313,219
1,354,324
Creditors: amounts falling due within one year
9
1,128,216
1,106,544
------------
------------
Net current assets
185,003
247,780
---------
---------
Total assets less current liabilities
370,583
417,652
Creditors: amounts falling due after more than one year
10
52,254
29,025
---------
---------
Net assets
318,329
388,627
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
318,327
388,625
---------
---------
Shareholders funds
318,329
388,627
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Catalogue E (UK) Ltd
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 25 October 2024 , and are signed on behalf of the board by:
Mr L Dekonski
Director
Company registration number: 12428763
Catalogue E (UK) Ltd
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1 Swanvale Industrial Estate, Colchester Road, Witham, CM8 3DH, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Fixtures and fittings
-
20% straight line
Motor vehicles
-
25% straight line
Equipment
-
33% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 15 (2023: 17 ).
5. Intangible assets
Goodwill
£
Cost
At 1 February 2023 and 31 January 2024
224,344
---------
Amortisation
At 1 February 2023
134,607
Charge for the year
44,868
---------
At 31 January 2024
179,475
---------
Carrying amount
At 31 January 2024
44,869
---------
At 31 January 2023
89,737
---------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 February 2023
14,166
12,225
121,507
790
148,688
Additions
32,554
8,084
86,325
126,963
Disposals
( 1,199)
( 6,000)
( 7,199)
--------
--------
---------
----
---------
At 31 January 2024
45,521
20,309
201,832
790
268,452
--------
--------
---------
----
---------
Depreciation
At 1 February 2023
5,224
408
62,131
790
68,553
Charge for the year
8,866
4,062
50,458
63,386
Disposals
( 1,198)
( 3,000)
( 4,198)
--------
--------
---------
----
---------
At 31 January 2024
12,892
4,470
109,589
790
127,741
--------
--------
---------
----
---------
Carrying amount
At 31 January 2024
32,629
15,839
92,243
140,711
--------
--------
---------
----
---------
At 31 January 2023
8,942
11,817
59,376
80,135
--------
--------
---------
----
---------
7. Investments
Other investments other than loans
£
Cost
At 1 February 2023 and 31 January 2024
5,485
-------
Impairment
At 1 February 2023 and 31 January 2024
5,485
-------
Carrying amount
At 31 January 2024
-------
At 31 January 2023
-------
8. Debtors
2024
2023
£
£
Trade debtors
388,699
267,632
Other debtors
524,666
580,299
---------
---------
913,365
847,931
---------
---------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
318,000
197,394
Corporation tax
114,782
97,594
Social security and other taxes
5,334
7,228
Other creditors
690,100
804,328
------------
------------
1,128,216
1,106,544
------------
------------
10. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
52,254
29,025
--------
--------
11. Related party transactions
At the year end, the shareholders owed the company a total of £282,813 (2023: £379,213).