Registered number
09777752
Catchapp Ltd
Filleted Accounts
31 May 2024
Catchapp Ltd
Registered number: 09777752
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 3,872 4,624
Tangible assets 4 1,948 2,435
5,820 7,059
Current assets
Debtors 5 32,129 3,345
Cash at bank and in hand 12,357 47,268
44,486 50,613
Creditors: amounts falling due within one year 6 (82,462) (20,058)
Net current (liabilities)/assets (37,976) 30,555
Net (liabilities)/assets (32,156) 37,614
Capital and reserves
Called up Share Capital 1,669 1,669
Share premium 1,538,196 1,493,195
Other equity 458,860 403,860
Share option reserve 7 161,440 161,440
Profit and loss account (2,192,321) (2,022,550)
Shareholders' funds (32,156) 37,614
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andreas Adamides
Director
Approved by the board on 6 September 2024
Catchapp Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% Reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 8
3 Intangible fixed assets £
Cost
At 1 June 2023 11,093
At 31 May 2024 11,093
Amortisation
At 1 June 2023 6,469
Provided during the year 752
At 31 May 2024 7,221
Net book value
At 31 May 2024 3,872
At 31 May 2023 4,624
Intangible asset is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 4,652
At 31 May 2024 4,652
Depreciation
At 1 June 2023 2,217
Charge for the year 487
At 31 May 2024 2,704
Net book value
At 31 May 2024 1,948
At 31 May 2023 2,435
5 Debtors 2024 2023
£ £
Other debtors 32,129 3,345
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 39,622 19,804
Taxation and social security costs 42,840 -
Other creditors - 254
82,462 20,058
7 Other equity 2024 2023
£ £
At 1 June 2023 161,440 161,440
At 31 May 2024 161,440 161,440
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Andreas Adamides
Loan to the director 4,751 (4,751) -
4,751 - (4,751) -
9 Controlling party
The ultimate controlling party is Andreas Adamides.
10 Other information
Catchapp Ltd is a private company limited by shares and incorporated in England. Its registered office is:
85 Great Portland Street
First Floor
London
England
W1W 7LT
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