0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 03073559 2023-05-01 2024-04-30 03073559 2024-04-30 03073559 2023-04-30 03073559 2022-05-01 2023-04-30 03073559 2023-04-30 03073559 2022-04-30 03073559 core:PlantMachinery 2023-05-01 2024-04-30 03073559 core:MotorVehicles 2023-05-01 2024-04-30 03073559 bus:Director1 2023-05-01 2024-04-30 03073559 core:PlantMachinery 2023-04-30 03073559 core:MotorVehicles 2023-04-30 03073559 core:PlantMachinery 2024-04-30 03073559 core:MotorVehicles 2024-04-30 03073559 core:WithinOneYear 2024-04-30 03073559 core:WithinOneYear 2023-04-30 03073559 core:AfterOneYear 2024-04-30 03073559 core:AfterOneYear 2023-04-30 03073559 core:ShareCapital 2024-04-30 03073559 core:ShareCapital 2023-04-30 03073559 core:RetainedEarningsAccumulatedLosses 2024-04-30 03073559 core:RetainedEarningsAccumulatedLosses 2023-04-30 03073559 core:PlantMachinery 2023-04-30 03073559 core:MotorVehicles 2023-04-30 03073559 bus:SmallEntities 2023-05-01 2024-04-30 03073559 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03073559 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03073559 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03073559 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 03073559
Catteralls of Southam Limited
Filleted Unaudited Financial Statements
30 April 2024
Catteralls of Southam Limited
Financial Statements
Year ended 30 April 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Catteralls of Southam Limited
Balance Sheet
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
208,570
168,545
Current assets
Stocks
1,110
1,110
Debtors
6
205,292
170,711
Cash at bank and in hand
33,664
78,953
---------
---------
240,066
250,774
Creditors: amounts falling due within one year
7
219,820
165,274
---------
---------
Net current assets
20,246
85,500
---------
---------
Total assets less current liabilities
228,816
254,045
Creditors: amounts falling due after more than one year
8
29,297
83,108
Provisions
Taxation including deferred tax
52,143
42,136
---------
---------
Net assets
147,376
128,801
---------
---------
Catteralls of Southam Limited
Balance Sheet (continued)
30 April 2024
2024
2023
Note
£
£
£
£
Capital and reserves
Called up share capital
2
2
Profit and loss account
147,374
128,799
---------
---------
Shareholders funds
147,376
128,801
---------
---------
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 profit and loss account has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 January 2025 , and are signed on behalf of the board by:
Mr P R Catterall
Director
Company registration number: 03073559
Catteralls of Southam Limited
Notes to the Financial Statements
Year ended 30 April 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 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
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 and 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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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 & Machinery
-
10% reducing balance
Motor Vehicles
-
10% reducing balance
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 balance sheet 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.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
The company had no employees in the year. All payroll costs relate to employees of a company under common control, where the salary cost was recharged to Catteralls of Southam Limited .
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 May 2023 and 30 April 2024
8,900
387,000
395,900
-------
---------
---------
Depreciation
At 1 May 2023
7,155
220,200
227,355
Charge for the year
175
( 40,200)
( 40,025)
-------
---------
---------
At 30 April 2024
7,330
180,000
187,330
-------
---------
---------
Carrying amount
At 30 April 2024
1,570
207,000
208,570
-------
---------
---------
At 30 April 2023
1,745
166,800
168,545
-------
---------
---------
6. Debtors
2024
2023
£
£
Trade debtors
120,700
79,325
Amounts owed by group undertakings and undertakings in which the company has a participating interest
52,677
28,321
Other debtors
31,915
63,065
---------
---------
205,292
170,711
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
10,404
5,307
Amounts owed to group undertakings and undertakings in which the company has a participating interest
82,819
Corporation tax
20,030
Social security and other taxes
13,457
Other creditors
103,140
129,937
---------
---------
219,820
165,274
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,833
20,833
Other creditors
18,464
62,275
--------
--------
29,297
83,108
--------
--------
9. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2024
2023
£
£
Financial liabilities measured at fair value through profit or loss
Financial liabilities measured at fair value through profit or loss
62,275
110,733
--------
---------
Financial instruments relate to liabilities under hire purchase agreements.
10. Directors' advances, credits and guarantees
A director had an interest free, repayable on demand loan with the company during the year. At the beginning of the year the company owed him £429 and at the end of the year the company owed him £329.
11. Related party transactions
During the year the company received charges from and made recharges of costs to a company controlled by the directors. At the beginning of the year Catteralls of Southam Limited was owed £18,571 by the company and at the end of the year owed £82,819, repayable on demand to the company. Catteralls of Southam Limited is a guarantor to a number of vehicles held on hire purchase and finance leases within the commonly controlled company. They guarantee the future payments on the agreements. During the year the company provided an interest free repayabe on demand loan to a company controlled by one of the directors. At the beginning of the year Catteralls of Southam Limited was owed £9,750 by the company and at the end of the year was owed £52,677.