Catalyst Training (Cirencester) Limited
Registered number: 10229762
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 1,193 1,513
Tangible assets 4 49,269 56,993
50,462 58,506
Current assets
Stocks 932 350
Debtors 5 1,409 4,902
Cash at bank and in hand 12,211 7,256
14,552 12,508
Creditors: amounts falling due within one year 6 (42,520) (41,196)
Net current liabilities (27,968) (28,688)
Total assets less current liabilities 22,494 29,818
Creditors: amounts falling due after more than one year 7 (20,783) (25,016)
Provisions for liabilities (1,493) -
Net assets 218 4,802
Capital and reserves
Called up share capital 100 100
Profit and loss account 118 4,702
Shareholders' funds 218 4,802
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Oakley
Director
Approved by the board on 1 July 2025
Catalyst Training (Cirencester) Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 section 1(a), The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 10 years
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Website development:
Cost
At 1 April 2024 1,600
At 31 March 2025 1,600
Amortisation
At 1 April 2024 87
Provided during the year 320
At 31 March 2025 407
Net book value
At 31 March 2025 1,193
At 31 March 2024 1,513
Website costs are being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 33,627 81,556 115,183
Additions - 7,809 7,809
Disposals - (1,955) (1,955)
At 31 March 2025 33,627 87,410 121,037
Depreciation
At 1 April 2024 19,303 38,887 58,190
Charge for the year 3,077 12,403 15,480
On disposals - (1,902) (1,902)
At 31 March 2025 22,380 49,388 71,768
Net book value
At 31 March 2025 11,247 38,022 49,269
At 31 March 2024 14,324 42,669 56,993
5 Debtors 2025 2024
£ £
Other debtors 1,409 4,902
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 4,765 4,765
Trade creditors 2,575 28
Other taxes and social security costs 23,193 14,334
Directors' current account 9,910 102
Other creditors 2,077 21,967
42,520 41,196
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 20,251 25,016
Trade creditors 532 -
20,783 25,016
8 Other information
Catalyst Training (Cirencester) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3 Stirling Works
Love Lane
Cirencester
Gloucestershire
GL7 1YG
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