Registered number
SC599418
CAT G1 LIMITED
Filleted Accounts
31 July 2024
CAT G1 LIMITED
Registered number: SC599418
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 383,023 218,516
383,023 218,516
Current assets
Stocks 55,453 74,825
Cash at bank and in hand 245,017 230,375
300,470 305,200
Creditors: amounts falling due within one year 4 (484,251) (337,373)
Net current liabilities (183,781) (32,173)
Total assets less current liabilities 199,242 186,343
Creditors: amounts falling due after more than one year 5 (53,359) (64,007)
Net assets 145,883 122,336
Capital and reserves
Called up share capital 100 100
Profit and loss account 145,783 122,236
Shareholder's funds 145,883 122,336
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Catherine Jane Gilmour
Director
Approved by the board on 27 March 2025
CAT G1 LIMITED
Notes to the Accounts
for the year ended 31 July 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.
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, at 10% reducing balance.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
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 11 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 146,583 93,822 - 240,405
Additions 145,862 23,708 5,000 174,570
Surplus on revaluation - - - -
Disposals - - - -
At 31 July 2024 292,445 117,530 5,000 414,975
Depreciation
At 1 August 2023 - 21,889 - 21,889
Charge for the year - 9,563 500 10,063
Surplus on revaluation - - - -
On disposals - - - -
At 31 July 2024 - 31,452 500 31,952
Net book value
At 31 July 2024 292,445 86,078 4,500 383,023
At 31 July 2023 146,583 71,933 - 218,516
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 445,882 294,843
Accruals 1,000 1,000
Taxation and social security costs 16,323 20,484
Other creditors 21,046 21,046
484,251 337,373
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 18,359 29,007
Other creditors 35,000 35,000
53,359 64,007
6 Other information
CAT G1 LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
162 Darnley Street
Glasgow
G41 2LL
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