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REGISTERED NUMBER: SC460498 (Scotland)















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: T Henderson
K C Henderson





REGISTERED OFFICE: Wards House
Wards Road
Elgin
Moray
IV30 1NL





REGISTERED NUMBER: SC460498 (Scotland)





ACCOUNTANTS: Goldwells
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 4 442,720 406,175 -

CURRENT ASSETS
Debtors 5 467,710 289,863 -
Cash at bank 140,269 359,197 -
607,979 649,060 -
CREDITORS
Amounts falling due within one year 6 (150,084 ) (156,467 ) -
NET CURRENT ASSETS 457,895 492,593 -
TOTAL ASSETS LESS CURRENT
LIABILITIES

900,615

898,768

-

CREDITORS
Amounts falling due after more than one
year

7

(95,625

)

(83,608

)

-

PROVISIONS FOR LIABILITIES 8 (110,680 ) (77,173 ) -
NET ASSETS 694,310 737,987 -

CAPITAL AND RESERVES
Called up share capital 9 10 10 -
Retained earnings 10 694,300 737,977 -
SHAREHOLDERS' FUNDS 694,310 737,987 -

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th June 2025 and were signed on its behalf by:





T Henderson - Director


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 private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2023 385,433 4,300 194,773 896 585,402
Additions 69,069 - 135,796 891 205,756
Disposals (59,500 ) - (94,719 ) - (154,219 )
At 31st October 2024 395,002 4,300 235,850 1,787 636,939
DEPRECIATION
At 1st November 2023 93,374 860 84,491 502 179,227
Charge for year 31,832 688 50,984 193 83,697
Eliminated on disposal (16,125 ) - (52,580 ) - (68,705 )
At 31st October 2024 109,081 1,548 82,895 695 194,219
NET BOOK VALUE
At 31st October 2024 285,921 2,752 152,955 1,092 442,720
At 31st October 2023 292,059 3,440 110,282 394 406,175

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 80,415 -
Other debtors 387,295 289,863
467,710 289,863

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 12,000 12,000
Hire purchase contracts 68,135 39,400
Taxation and social security 65,429 101,229
Other creditors 4,520 3,838
150,084 156,467

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 7,000 19,000
Hire purchase contracts 88,625 64,608
95,625 83,608

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 77,173
Provided during year 33,507
Balance at 31st October 2024 110,680

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
5 Ordinary 1 5 10
5 Ordinary B 1 5 -
10 10

10. RESERVES
Retained
earnings
£   

At 1st November 2023 815,150
Prior year adjustment (77,173 )
737,977
Profit for the year 199,323
Dividends (243,000 )
At 31st October 2024 694,300

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.