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REGISTERED NUMBER: 07229980 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

CATH COLLINS DEVON LTD

CATH COLLINS DEVON LTD (REGISTERED NUMBER: 07229980)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CATH COLLINS DEVON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Miss S J Kotch



REGISTERED OFFICE: 34 Meadow Road
London
SW8 1QB



REGISTERED NUMBER: 07229980 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Santander
PO Box 382
Prescot Street
London
E1 8RP

CATH COLLINS DEVON LTD (REGISTERED NUMBER: 07229980)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 6 10,000 13,000
Debtors 7 380 380
Cash at bank 52,801 13,497
63,181 26,877
CREDITORS
Amounts falling due within one year 8 151,276 140,772
NET CURRENT LIABILITIES (88,095 ) (113,895 )
TOTAL ASSETS LESS CURRENT LIABILITIES (88,095 ) (113,895 )

CREDITORS
Amounts falling due after more than one
year

9

2,750

4,950
NET LIABILITIES (90,845 ) (118,845 )

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings (90,865 ) (118,865 )
SHAREHOLDERS' FUNDS (90,845 ) (118,845 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2025 and were signed by:




Miss S J Kotch - Director


CATH COLLINS DEVON LTD (REGISTERED NUMBER: 07229980)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Cath Collins Devon Ltd is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
Trade Mark, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

CATH COLLINS DEVON LTD (REGISTERED NUMBER: 07229980)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company meets its day to day working capital requirements through a loan provided by Miss S Kotch, a Director of the company. She will continue to support the company in this way until such times as profits are made.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Trade
Mark
£   
COST
At 1 June 2023
and 31 May 2024 16,694
AMORTISATION
At 1 June 2023
and 31 May 2024 16,694
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 2,739 14,786 17,525
DEPRECIATION
At 1 June 2023
and 31 May 2024 2,739 14,786 17,525
NET BOOK VALUE
At 31 May 2024 - - -
At 31 May 2023 - - -

CATH COLLINS DEVON LTD (REGISTERED NUMBER: 07229980)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. STOCKS
2024 2023
£    £   
Stocks 10,000 13,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 380 380

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,833 1,833
Directors' current accounts 147,649 138,184
Accrued expenses 1,794 755
151,276 140,772

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 2,750 -
Bank loans - 2-5 years - 4,950
2,750 4,950

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Miss S J Kotch
Balance outstanding at start of year (138,184 ) (127,690 )
Amounts advanced 40 -
Amounts repaid (9,505 ) (10,494 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (147,649 ) (138,184 )

11. GOVERNMENT GUARANTEED LOAN

The bank loan of £4,583 is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to July 2026.