| REGISTERED NUMBER: |
| Financial Statements for the Period 12 June 2024 to 31 December 2024 |
| for |
| Catapult Marketing Solutions Ltd |
| REGISTERED NUMBER: |
| Financial Statements for the Period 12 June 2024 to 31 December 2024 |
| for |
| Catapult Marketing Solutions Ltd |
| Catapult Marketing Solutions Ltd (Registered number: 15774973) |
| Contents of the Financial Statements |
| for the Period 12 June 2024 to 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Catapult Marketing Solutions Ltd |
| Company Information |
| for the Period 12 June 2024 to 31 December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditor |
| Chartered Accountants |
| The Cooper Building |
| 505 Great Western Road |
| Glasgow |
| G12 8HN |
| Catapult Marketing Solutions Ltd (Registered number: 15774973) |
| Balance Sheet |
| 31 December 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Catapult Marketing Solutions Ltd (Registered number: 15774973) |
| Notes to the Financial Statements |
| for the Period 12 June 2024 to 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Catapult Marketing Solutions Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The preparation of financial statements in compliance with Section 1A of FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policy. |
| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
| The principal accounting policies adopted are set out below. These policies have been consistently applied to all periods presented. |
| Going concern |
| The directors have prepared forecasts for the next twelve months which take account of rising costs and expected demand based on current levels. The forecasts show that the group have adequate cash resources and have confirmed that they will continue to support the company for the foreseeable future.. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The directors consider it appropriate to prepare the financial statement based on the going concern basis of preparation for the reasons set out in the directors report |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all its financial instruments. |
| Financial instruments are recognized in the company's financial statements when the company becomes party to the contractual provisions of the instrument. |
| Financial assets and liabilities are only offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Catapult Marketing Solutions Ltd (Registered number: 15774973) |
| Notes to the Financial Statements - continued |
| for the Period 12 June 2024 to 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Basic financial assets |
| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. |
| Impairment of financial assets |
| Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. |
| Derecognition of financial assets |
| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. |
| Basic financial liabilities |
| Basic financial liabilities, including creditors and loans are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Catapult Marketing Solutions Ltd (Registered number: 15774973) |
| Notes to the Financial Statements - continued |
| for the Period 12 June 2024 to 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Debtors |
| Short-term debtors are measured at transaction price, less any impairment. Loans receivable are |
| measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
| Prepayments and accrued income |
| Prepayments are goods and services which have already been paid for, however, the full benefits of these goods are realised in the future. Accrued income is income that has been recognised at the time when it has been earned, which may not be the same time as it has been received. |
| Cash and cash equivalents |
| Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term |
| liquid investment with original maturities of three months or less, and bank overdrafts. Bank |
| overdrafts are shown within borrowing in current liabilities. |
| Creditors |
| Short term creditors are measured at the transaction price. Other financial liabilities are measured |
| initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| Accrued Expenses |
| Accrued expenses are expenses that have incurred in one accounting period, however, are not paid until a future accounting period. |
| Holiday pay accrual |
| A liability is recognised to the extent of any unused pay entitlement which is accrued at the statement of financial position date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the statement of financial position date. |
| . |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| Catapult Marketing Solutions Ltd (Registered number: 15774973) |
| Notes to the Financial Statements - continued |
| for the Period 12 June 2024 to 31 December 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| Additions |
| At 31 December 2024 |
| DEPRECIATION |
| Charge for period |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| Catapult Marketing Solutions Ltd (Registered number: 15774973) |
| Notes to the Financial Statements - continued |
| for the Period 12 June 2024 to 31 December 2024 |
| 8. | RELATED PARTY DISCLOSURES |
| The company is a wholly owed subsidiary of the Prime Trading Group (UK) Limited and has taken advantage of exemption conferred by section 33 of FRS 102 "Related Party Disclosures" not to disclose transactions with Prime Trading Group (UK) Limited or other wholly owned subsidiaries within the group. |
| Also, Catapult Marketing Solutions Ltd was owed by RBR Solutions Ltd, which is a related entity with a common person with significant control, £6,233 which is included in debtors in the accounts. This entity is not a part of the Trading Group. |
| During the year, the company sold goods and services to the value of £17,463 to RBR Solutions Ltd. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The directors regard Prime Trading Group (UK) Ltd. as the company's ultimate parent company. |
| The only company within the Prime Trading Group (UK) Ltd for which group financial statements are drawn up and of which the company is a member is Prime Trading Group (UK) Ltd. Copies of the group financial statements can be obtained from its registered office at 15 Alban Park, Hatfield, St. Albans,United Kingdom, AL4 0JJ. |