Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-27The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true242023-09-01falseNo description of principal activity25truefalse 11252421 2023-09-01 2024-08-31 11252421 2022-09-01 2023-08-31 11252421 2024-08-31 11252421 2023-08-31 11252421 c:Director1 2023-09-01 2024-08-31 11252421 d:Buildings d:ShortLeaseholdAssets 2023-09-01 2024-08-31 11252421 d:Buildings d:ShortLeaseholdAssets 2024-08-31 11252421 d:Buildings d:ShortLeaseholdAssets 2023-08-31 11252421 d:PlantMachinery 2023-09-01 2024-08-31 11252421 d:PlantMachinery 2024-08-31 11252421 d:PlantMachinery 2023-08-31 11252421 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11252421 d:MotorVehicles 2023-09-01 2024-08-31 11252421 d:MotorVehicles 2024-08-31 11252421 d:MotorVehicles 2023-08-31 11252421 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11252421 d:OfficeEquipment 2023-09-01 2024-08-31 11252421 d:OfficeEquipment 2024-08-31 11252421 d:OfficeEquipment 2023-08-31 11252421 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11252421 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11252421 d:CurrentFinancialInstruments 2024-08-31 11252421 d:CurrentFinancialInstruments 2023-08-31 11252421 d:Non-currentFinancialInstruments 2024-08-31 11252421 d:Non-currentFinancialInstruments 2023-08-31 11252421 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 11252421 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 11252421 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 11252421 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 11252421 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 11252421 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 11252421 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 11252421 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 11252421 d:ShareCapital 2024-08-31 11252421 d:ShareCapital 2023-08-31 11252421 d:RetainedEarningsAccumulatedLosses 2024-08-31 11252421 d:RetainedEarningsAccumulatedLosses 2023-08-31 11252421 c:FRS102 2023-09-01 2024-08-31 11252421 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11252421 c:FullAccounts 2023-09-01 2024-08-31 11252421 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11252421 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 11252421 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 11252421 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 11252421 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 11252421 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 11252421 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 11252421 d:OtherDeferredTax 2024-08-31 11252421 d:OtherDeferredTax 2023-08-31 11252421 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-08-31 11252421 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-31 11252421 d:LeasedAssetsHeldAsLessee 2024-08-31 11252421 d:LeasedAssetsHeldAsLessee 2023-08-31 11252421 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 11252421









KATLIST LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
KATLIST LIMITED
REGISTERED NUMBER: 11252421

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
60,841
120,333

  
60,841
120,333

Current assets
  

Debtors
 6 
645,112
924,198

Cash at bank and in hand
 7 
561,167
692,083

  
1,206,279
1,616,281

Creditors: amounts falling due within one year
 8 
(1,232,010)
(1,476,543)

Net current (liabilities)/assets
  
 
 
(25,731)
 
 
139,738

Total assets less current liabilities
  
35,110
260,071

Creditors: amounts falling due after more than one year
 9 
(20,416)
(192,572)

Provisions for liabilities
  

Deferred tax
 13 
(4,436)
(5,562)

  
 
 
(4,436)
 
 
(5,562)

Net assets
  
10,258
61,937


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
10,256
61,935

  
10,258
61,937


Page 1

 
KATLIST LIMITED
REGISTERED NUMBER: 11252421
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Hooman Jamshidi
Director

Date: 27 May 2025

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
KATLIST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Katlist Limited (the "Company") is a private company limited by share capital, incorporated under the UK Companies Act 2006 and is domiciled in England. The Company's registered office is located at 61-63 Rochester Place, London, England, NW1 9JU.

2.Accounting policies

  
2.1

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all reporting periods presented, unless otherwise stated.

 
2.2

Basis of preparation of financial statements

The financial statements of the Company have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in conformity with Financial Reporting Standard 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company's accounting policies.
Details of those estimates and/or judgments made in applying the Company's accounting policies towards the preparation of these financial statements that may be considered as yielding a significant risk of a material adjustment being made to the carrying amounts of assets and/or liabilities reported in the balance sheet during the next financial reporting period are disclosed in note 3 to the financial statements.

  
2.3

Functional and presentational currency

Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which the Company operates (the "functional currency").
The functional currency of the Company, and the currency in which the financial statements are presented (the "presentational currency"), is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.

 
2.4

Going concern

In assessing whether the going concern basis remains appropriate for the preparation of the financial statements, the director has reviewed the Company’s principal and emerging risks, existing loan facilities, access to funding and liquidity position and the Company's performance up to the date these financial statements were approved and expected performance over the 18 months following the balance sheet date.
Based on his assessment, the director at the time of approving the financial statements has a reasonable expectation that the Company has, available at its disposal, adequate resources to continue in operational existence for the foreseeable future.

Page 3

 
KATLIST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Revenue

Turnover comprises of revenues receivable by the Company exclusive of value added tax during the financial reporting period in respect of the provision of brand marketing and other promotional services.

  
2.6

Pensions

The Company operates a defined contribution pension scheme on behalf of its employees.
Under a defined contribution pension scheme the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
Contributions are recognised as an expense in profit or loss for the reporting period during which they fall due. Amounts falling due but not paid are shown as part of other creditors in the balance sheet. The assets of the schemes are held separately from the Company in independently administered funds

  
2.7

Government grants

Amounts included in other operating income in respect of government grants solely reflect grants receivable under the Coronavirus Job Retention Scheme (“CJRS”) and Bounce Bank Loan Scheme ("BBLS").
Under the CJRS, grant income may be claimed in respect of certain costs to the Company of furloughed employees.
Under the BBLS, grant income may be claimed in respect of interest payable by the Company in respect of loan facilities acquired and guaranteed by the UK Government on behalf of small and medium businesses in the UK.
Both CJRS and BBLS income is recognised in profit or loss as part of other operating income in the same period in which the related costs are incurred to the extent there is reasonable certainty that the grant will be received.

 
2.8

Operating leases

Operating leases, net of benefits receivable as an incentive, are charged to profit or loss on a straight line basis over the lease term.

Page 4

 
KATLIST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.9

Taxation

Taxation comprises of current (i.e. corporation) and deferred tax and is recognised in profit or loss.
Current taxation is calculated using tax rates and on the basis of tax laws enacted or substantively enacted at the balance sheet date in the UK where taxable income is solely generated by the Company through business operations. Positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation are periodically evaluated with provisions recognised, where appropriate, on the basis of amounts expected to be payable to the respective tax authorities.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their respective carrying amounts in the financial statements. Deferred tax is calculated using tax rates and on the basis of tax laws enacted or substantively enacted at the balance sheet date and are expected to apply when the related deferred tax asset/liability is realised/settled.
Deferred tax assets are recognised only to the extent that it is sufficiently probable that future taxable profits will be available against which the temporary differences can be utilised.

 
2.10

Tangible fixed assets

Tangible fixed assets are recognised under the cost model and stated at historical cost less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended upon acquisition.

Depreciation is provided on the following basis:

Leasehold property improvements
-
Straight-line over the lease term
Plant and machinery
-
Straight line over 3 years
Motor vehicles
-
Straight line over 3 years
Office equipment
-
Straight line over 3 years

Depreciation of a tangible fixed asset commences once the asset is available for use. The residual value and depreciation basis of tangible fixed assets are reviewed, and adjusted prospectively where deemed appropriate, if there is an indication of a significant change since the last balance sheet date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss for the reporting period.
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives.

Page 5

 
KATLIST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities; with said financial assets and liabilities classified in accordance with the substance of the underlying contractual obligations rather than its legal form.
Financial assets and liabilities are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or the financial asset is transferred along with substantially all the risks and rewards of ownership of the asset to another party. Financial liabilities are derecognised only when the Company’s obligations are discharged, cancelled or expired.
The measurement of specific financial assets, financial liabilities and equity held by the Company is as outlined below:
Debtors and creditors
Debtors, excluding deferred taxation (see note 2.9), and creditors, excluding bank loans, are initially measured at transaction price (i.e fair value) and subsequently held, at transaction price less provision for impairment of assets.
Bank loans are initially measured at fair value, net of transaction costs, and subsequently measured at amortised cost using the effective interest method with the interest expense recognised on an effective yield basis.
Obligations under finance leases are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding.
Cash and cash equivalents
Cash balances are reported by the Company as being financial instruments classified as short term receivables and are represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours, subject to an insignificant risk of changes in value and held at floating interest rates linked to UK bank rates.
Equity
Ordinary share capital, shown in equity, is initially measured and subsequently held at its nominal value. Where the transaction price for issued shares exceeds their nominal value, the difference is shown under equity in a share premium account with any directly attributable transaction costs associated with the issuing of said shares deducted from the share premium account.
Dividends are recognised in the reporting period in which they become legally payable upon approval by the Company's director.

Page 6

 
KATLIST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, the director is required to apply judgment and make estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other available sources based on historical experience and other factors that are considered to be relevant. Consequently, actual results may differ from that originally estimated.
In the opinion of the director, the following judgments, estimates and/or assumptions made in applying the principal accounting policies, outlined in note 2 of these financial statements, towards the preparation of these financial statements may be considered as having a significant risk of causing a material adjustment to the carrying amount of assets and/or liabilities carried forward as at the balance sheet date where by which the actual future outcome observed may differ from that originally determined and reported.
Impairment of trade and other receivables
When assessing the recoverable value of trade and other receivables, the director considers factors including the credit rating of the receivable, ageing profile, historical experience and, in the case of connected parties, forecasted financial performance and expected cash flows.


4.


Employees

The average monthly number of employees, including directors, during the year was 25 (2023 - 24).

Page 7

 
KATLIST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost


At 1 September 2023
95,173
111,660
38,020
102,253
347,106



At 31 August 2024

95,173
111,660
38,020
102,253
347,106



Depreciation


At 1 September 2023
38,864
106,654
4,958
76,297
226,773


Charge for the year on owned assets
19,035
5,005
12,673
22,779
59,492



At 31 August 2024

57,899
111,659
17,631
99,076
286,265



Net book value



At 31 August 2024
37,274
1
20,389
3,177
60,841



At 31 August 2023
56,309
5,006
33,062
25,956
120,333

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
19,545
31,202

19,545
31,202

Page 8

 
KATLIST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Debtors

2024
2023
£
£

Falling due within one year

Trade debtors
147,815
601,280

Other debtors
193,238
65,140

Prepayments and accrued income
304,059
257,778

645,112
924,198


Trade and other debtors falling due within one year are non-interest bearing and, in the opinion of the director, of a fair value not materially different from their carrying value.
At the balance sheet date, the provision for impairment against debtors falling due within one year was £nil (2023: £nil).


7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
561,167
692,083

Less: bank overdrafts
-
(1,122)

561,167
690,961



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
1,122

Bank loans
98,736
60,571

Trade creditors
541,606
316,046

Corporation tax
42,520
39,372

Other taxation and social security
129,563
188,550

Obligations under finance lease and hire purchase contracts
5,539
5,301

Other creditors
8,178
117,919

Accruals and deferred income
405,868
747,662

1,232,010
1,476,543


Page 9

 
KATLIST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
166,618

Net obligations under finance leases and hire purchase contracts
20,416
25,954

20,416
192,572



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
98,736
60,571

Amounts falling due 1-2 years

Bank loans
-
60,588

Amounts falling due 2-5 years

Bank loans
-
106,030


98,736
227,189


Bank loans amounting to £98,736 (2023: £227,189) are secured by way of a fixed and floating charge with negative pledge over all present and future property and/or undertaking of the Company and a cross guarantee given by the connected company, INKD Limited.


11.


Financial instruments

The Company held no financial instruments that would require specific disclosure under sections 1.12, 11 or 12 of Financial Reporting Standard 102 and paragraph 36 of Schedule 1 to the Companies Act 2006.

Page 10

 
KATLIST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
6,568
6,568

Between 1-5 years
20,965
24,686

27,533
31,254

Obligations under finance lease and hire purchase contracts (see note 8 and 9) are secured against the underlying assets the respective contracts are for.


13.


Deferred taxation




2024


£






At beginning of year
(5,562)


Credited/(charged) to profit or loss
1,126



At end of year
(4,436)

The net deferred taxation asset/(liability) carried forward is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(5,742)
(6,229)

Other short term timing differences
1,306
667

(4,436)
(5,562)


In the opinion of the director, deferred taxation liabilities expected to reverse in the following reporting period are not considered to be material to the financial statements.


14.


Pension commitments

Employee and employer contributions totalling £8,313 (2023: £7,112) were payable to the fund at the balance sheet date and are included in creditors falling due within one year.

Page 11

 
KATLIST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

15.


Related party transactions

During the reporting period, the Company continued to maintain an unsecured loan account with the director. The loan account is repayable on demand with interest charged by the Company (where the loan account may be classed as a benefit-in-kind in accordance with HM Revenue), at the official rate of interest in the UK per annum. At the balance sheet date, the Company was owed £86,530 (2023: £5,406) by the director.
At the balance sheet date, the Company was owed £36,974 by INKD Limited, a company under common control (2023: £110,942 was owed by the Company to INKD Limited). Amounts owed are unsecured, interest-free and repayable on demand with no fixed date for repayment.
There were no further related party transactions and/or period end balances to report in accordance with the Companies Act 2006 and Section 1A of Financial Reporting Standard 102 as part of these financial statements.

 
Page 12