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Company registration number: 09406342
Katslan Ltd
Unaudited filleted financial statements
31 January 2025
Katslan Ltd
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
Katslan Ltd
Directors and other information
Directors K Carbery
L Carbery
Company number 09406342
Registered office 21 Duncan Drive
Wirral
Merseyside
CH49 2PR
Accountant Hailwood & Co.
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
Katslan Ltd
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of Katslan Ltd
Year ended 31 January 2025
As described on the Statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 January 2025, as set out on pages 3 to 7.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Hailwood & Co.
Chartered Accountants
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
7 May 2025
Katslan Ltd
Statement of financial position
31 January 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 86 113
_______ _______
86 113
Current assets
Debtors 6 47,981 77,224
Cash at bank and in hand 28,299 28,049
_______ _______
76,280 105,273
Creditors: amounts falling due
within one year 7 ( 580) ( 556)
_______ _______
Net current assets 75,700 104,717
_______ _______
Total assets less current liabilities 75,786 104,830
_______ _______
Net assets 75,786 104,830
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 75,686 104,730
_______ _______
Shareholders funds 75,786 104,830
_______ _______
For the year ending 31 January 2025 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 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 statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 May 2025 , and are signed on behalf of the board by:
L Carbery
Director
Company registration number: 09406342
Katslan Ltd
Notes to the financial statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 21 Duncan Drive, Wirral, Merseyside, CH49 2PR.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and are 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:
Office equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2024: Nil).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 February 2024 and 31 January 2025 1,104 1,104
_______ _______
Depreciation
At 1 February 2024 991 991
Charge for the year 27 27
_______ _______
At 31 January 2025 1,018 1,018
_______ _______
Carrying amount
At 31 January 2025 86 86
_______ _______
At 31 January 2024 113 113
_______ _______
6. Debtors
2025 2024
£ £
Other debtors 47,981 77,224
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Other creditors 580 556
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
L Carbery 56,379 11,815 ( 29,550) 38,644
_______ _______ _______ _______
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
L Carbery 68,030 13,880 ( 25,531) 56,379
_______ _______ _______ _______
Where an overdrawn balance exceeds the de minimis limit, interest is charged at H M Revenue and Customs official rate.
9. Controlling party
The company is controlled by the director whose name is shown on the director's report .
10. Directors' advances, credits and guarantees
All movements on directors' advances, credits and guarantees, were as would be expected under normal market conditions, not material in terms of risk or benefits arising and would therefore not influence the users of these accounts when assessing the financial position of the company.