| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024 |
| FOR |
| KATCH CONSTRUCTION LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024 |
| FOR |
| KATCH CONSTRUCTION LIMITED |
| KATCH CONSTRUCTION LIMITED (REGISTERED NUMBER: SC460498) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST OCTOBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| KATCH CONSTRUCTION LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST OCTOBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Wards House |
| Wards Road |
| Elgin |
| Moray |
| IV30 1NL |
| KATCH CONSTRUCTION LIMITED (REGISTERED NUMBER: SC460498) |
| BALANCE SHEET |
| 31ST OCTOBER 2024 |
| 2024 | 2023 | 2022 |
| as restated |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 | - |
| Cash at bank |
| - |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 8 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| KATCH CONSTRUCTION LIMITED (REGISTERED NUMBER: SC460498) |
| BALANCE SHEET - continued |
| 31ST OCTOBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| KATCH CONSTRUCTION LIMITED (REGISTERED NUMBER: SC460498) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST OCTOBER 2024 |
| 1. | STATUTORY INFORMATION |
| Katch Construction Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
| These financial statements for the year ended 31st October 2024 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1st November 2022. |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Taxation |
| Taxation for the year 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 year 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| KATCH CONSTRUCTION LIMITED (REGISTERED NUMBER: SC460498) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST OCTOBER 2024 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st November 2023 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31st October 2024 |
| DEPRECIATION |
| At 1st November 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31st October 2024 |
| NET BOOK VALUE |
| At 31st October 2024 |
| At 31st October 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| as restated |
| £ | £ |
| Trade debtors |
| Other debtors |
| Included in other debtors is a loan made to A Henderson, an employee of the company, totalling £109,700 and £250,000 to C Henderson, a member of an employees household. This loan is subject to interest at a rate of 2.5%, above the HMRC official rate of interest. This loan has no fixed terms of repayment. |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| as restated |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Taxation and social security |
| Other creditors |
| Hire purchase amounting to £68,135 (2023- £39,400) are secured against the assets to which they relate. |
| KATCH CONSTRUCTION LIMITED (REGISTERED NUMBER: SC460498) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST OCTOBER 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| as restated |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| Hire purchase amounting to £88,625 (2023- £64,608) are secured against the assets to which they relate. |
| 8. | PROVISIONS FOR LIABILITIES |
| 2024 | 2023 |
| as restated |
| £ | £ |
| Deferred tax | 110,680 | 77,173 |
| Deferred |
| tax |
| £ |
| Balance at 1st November 2023 |
| Provided during year |
| Balance at 31st October 2024 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | as restated |
| £ | £ |
| Ordinary | 1 | 5 | 10 |
| Ordinary B | 1 | 5 | - |
| 10 | 10 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st November 2023 |
| Prior year adjustment | ( |
) |
| Profit for the year |
| Dividends | ( |
) |
| At 31st October 2024 |
| 11. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £243,000 were paid to the directors . |
| KATCH CONSTRUCTION LIMITED (REGISTERED NUMBER: SC460498) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST OCTOBER 2024 |
| 11. | RELATED PARTY DISCLOSURES - continued |
| At 31 October 2023, the company owed the directors £699. During the year the directors paid expenses on behalf of the company totalling £256,275 and the company paid expenses on behalf of the directors totalling £255,894. At the 31 October 2024 the company owed the directors £1,081.This loan is interest free and has no fixed terms of repayment. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr T Henderson and Mrs K Henderson. |