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Company Registration No. 04232323 (England and Wales)
Katapult Limited Unaudited accounts for the year ended 30 June 2024
Katapult Limited Unaudited accounts Contents
Page
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Katapult Limited Company Information for the year ended 30 June 2024
Directors
Dawn Foote Philip Higgins
Company Number
04232323 (England and Wales)
Registered Office
28 Ashbourne Road Derby DE22 3AD
Accountants
Walker Accountancy Limited 2 Marina Drive Spondon Derby DE21 7AF
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Katapult Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
154,865 
119,355 
Investments
2,700 
2,700 
157,565 
122,055 
Current assets
Debtors
503,588 
406,224 
Cash at bank and in hand
816,031 
444,563 
1,319,619 
850,787 
Creditors: amounts falling due within one year
(660,576)
(229,191)
Net current assets
659,043 
621,596 
Total assets less current liabilities
816,608 
743,651 
Creditors: amounts falling due after more than one year
(67,513)
(151,225)
Provisions for liabilities
Deferred tax
(25,506)
(16,623)
Net assets
723,589 
575,803 
Capital and reserves
Called up share capital
676 
670 
Share premium
35,955 
35,955 
Capital redemption reserve
396 
396 
Profit and loss account
686,562 
538,782 
Shareholders' funds
723,589 
575,803 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by
Dawn Foote Director Company Registration No. 04232323
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Katapult Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Katapult Limited is a private company, limited by shares, registered in England and Wales, registration number 04232323. The registered office is 28 Ashbourne Road, Derby, DE22 3AD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the life of the lease
Plant & machinery
33% and 20% on reducing balance basis
Motor vehicles
20% straight line to residual value
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Katapult Limited Notes to the Accounts for the year ended 30 June 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Share based payments
Management is required to use an appropriate pricing model to value the issue of equity to employees or those providing similar services. Any charge to the profit and loss account is therefore a function of the chosen pricing model, which is based on a range of assumptions. All conditional growth shares issued in the year at nominal value have a hurdle price calculated to be in excess of the current aggregate value of the company attributable to all other share classes. The cost to the company in issuing these shares at par is regarded by the directors to be £0 and therefore in their judgement no charge has been made to the profit and loss in the current period nor will be applicable to future periods.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
74,632 
205,127 
33,326 
313,085 
Additions
- 
15,121 
47,930 
63,051 
Disposals
- 
(14,191)
- 
(14,191)
At 30 June 2024
74,632 
206,057 
81,256 
361,945 
Depreciation
At 1 July 2023
34,640 
154,777 
4,313 
193,730 
Charge for the year
5,062 
19,553 
2,724 
27,339 
On disposals
- 
(13,989)
- 
(13,989)
At 30 June 2024
39,702 
160,341 
7,037 
207,080 
Net book value
At 30 June 2024
34,930 
45,716 
74,219 
154,865 
At 30 June 2023
39,992 
50,350 
29,013 
119,355 
5
Investments
Other investments 
£ 
Valuation at 1 July 2023
2,700 
Valuation at 30 June 2024
2,700 
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Katapult Limited Notes to the Accounts for the year ended 30 June 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
14,747 
- 
Trade debtors
382,551 
274,593 
Accrued income and prepayments
96,097 
48,884 
Other debtors
10,193 
82,747 
503,588 
406,224 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
84,119 
93,831 
Trade creditors
101,410 
17,377 
Taxes and social security
125,069 
48,686 
Other creditors
282,985 
56,205 
Loans from directors
750 
- 
Accruals
66,243 
13,092 
660,576 
229,191 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
67,513 
151,225 
The bank loans are secured by a fixed and floating charge over the asses of the company.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
3,330,000 A Shares of £0.0001 each
333.00 
333.00 
3,330,000 C Shares of £0.0001 each
333.00 
333.00 
96,654 VN shares of £0.0001 each
9.66 
3.62 
675.66 
669.62 
Shares issued during the period:
60,431 VN shares of £0.0001 each
6.04 
10
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 June 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
25,752 
25,752 
Later than one year and not later than five years
103,006 
103,006 
Later than five years
48,284 
74,036 
177,042 
202,794 
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Katapult Limited Notes to the Accounts for the year ended 30 June 2024
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Dawn Foote
Director's loan
29,318 
3,965 
34,033 
(750)
Philip Higgins
Director's loan
2,711 
20,132 
12,868 
9,975 
32,029 
24,097 
46,901 
9,225 
The director's loans are repayable on demand. Interest is charged on amounts due to the company at the official rate of interest.
12
Average number of employees
During the year the average number of employees was 21 (2023: 18).
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