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COMPANY REGISTRATION NUMBER: 07213101
Catherine Williams Research Ltd
Filleted Unaudited Financial Statements
31 March 2024
Catherine Williams Research Ltd
Officers and Professional Advisers
The board of directors
C Williams
W Williams
Registered office
3a The Wenta Business Centre
Colne Way
Watford
Herts
WD24 7ND
Accountants
Warners
Chartered Accountants
3a The Wenta Business Centre
Colne Way
Watford
WD24 7ND
Catherine Williams Research Ltd
Balance Sheet
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
19
65
Current assets
Debtors
6
1,118
4,029
Cash at bank and in hand
33,860
94,529
--------
--------
34,978
98,558
Creditors: amounts falling due within one year
7
17,441
60,741
--------
--------
Net current assets
17,537
37,817
--------
--------
Total assets less current liabilities
17,556
37,882
--------
--------
Net assets
17,556
37,882
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
17,554
37,880
--------
--------
Shareholders funds
17,556
37,882
--------
--------
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 profit and loss account has not been delivered.
For the year ending 31 March 2024 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 were approved by the board of directors and authorised for issue on 21 June 2025 , and are signed on behalf of the board by:
C Williams _______________ Director
Company registration number: 07213101
Catherine Williams Research Ltd
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3a The Wenta Business Centre, Colne Way, Watford, Herts, WD24 7ND.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents the amount earned for work carried out during the year and takes account of the stage of completion of the work.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:
Computers
-
30% straight line
Equipment
-
25% reducing balance
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Computer equipment
Equipment
Total
£
£
£
Cost
At 1 April 2023
2,523
1,729
4,252
Disposals
( 1,419)
( 814)
( 2,233)
-------
-------
-------
At 31 March 2024
1,104
915
2,019
-------
-------
-------
Depreciation
At 1 April 2023
2,517
1,670
4,187
Charge for the year
4
20
24
Disposals
( 1,419)
( 792)
( 2,211)
-------
-------
-------
At 31 March 2024
1,102
898
2,000
-------
-------
-------
Carrying amount
At 31 March 2024
2
17
19
-------
-------
-------
At 31 March 2023
6
59
65
-------
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
4,029
Corporation tax repayable
1,043
Other debtors
75
-------
-------
1,118
4,029
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,444
3,621
Corporation tax
11,914
Social security and other taxes
82
Director loan accounts
15,997
45,124
--------
--------
17,441
60,741
--------
--------
8. Transactions with directors
Dividends totalling £6,250 (2023: £12,500) were paid to a director. Dividends totalling £6,250 (2023: £12,500) were paid to another director.