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Company Registration No. 05991179 (England and Wales)
Cloth Cat Limited Unaudited accounts for the year ended 31 December 2024
Cloth Cat Limited Unaudited accounts Contents
Page
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Cloth Cat Limited Company Information for the year ended 31 December 2024
Director
Jon David Rennie
Company Number
05991179 (England and Wales)
Registered Office
23 Oriel House Windsor Road Cardiff CF24 2FY Wales
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Cloth Cat Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
231,420 
183,286 
Tangible assets
43,185 
33,627 
Investments
2 
2 
274,607 
216,915 
Current assets
Debtors
305,387 
314,369 
Cash at bank and in hand
31,866 
114,993 
337,253 
429,362 
Creditors: amounts falling due within one year
(72,165)
(194,318)
Net current assets
265,088 
235,044 
Total assets less current liabilities
539,695 
451,959 
Creditors: amounts falling due after more than one year
(280,000)
(280,000)
Net assets
259,695 
171,959 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
259,595 
171,859 
Shareholders' funds
259,695 
171,959 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 August 2025 and were signed on its behalf by
Jon David Rennie Director Company Registration No. 05991179
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Cloth Cat Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Cloth Cat Limited is a private company, limited by shares, registered in England and Wales, registration number 05991179. The registered office is 23 Oriel House, Windsor Road, Cardiff, CF24 2FY, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
183,286 
Additions
48,134 
At 31 December 2024
231,420 
Amortisation
At 1 January 2024
- 
At 31 December 2024
- 
Net book value
At 31 December 2024
231,420 
At 31 December 2023
183,286 
Development of digital assets including Video Games and Animations were previously classified as Intangible Assets. As the assets are tangible they have been moved to Work In Progress.
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Cloth Cat Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
430,816 
Additions
17,123 
At 31 December 2024
447,939 
Depreciation
At 1 January 2024
397,189 
Charge for the year
7,565 
At 31 December 2024
404,754 
Net book value
At 31 December 2024
43,185 
At 31 December 2023
33,627 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
2 
Valuation at 31 December 2024
2 
Work in progress is made up of assets in development including Video Games and Animation Projects where the IP is owned by the company.
8
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
273,600 
230,300 
Accrued income and prepayments
- 
36,041 
Other debtors
4,047 
- 
277,647 
266,341 
Amounts falling due after more than one year
Trade debtors
27,540 
43,881 
Amounts due from group undertakings etc.
200 
100 
Other debtors
- 
4,047 
27,740 
48,028 
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Cloth Cat Limited Notes to the Accounts for the year ended 31 December 2024
9
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,160 
42,287 
Trade creditors
65,386 
74,573 
Amounts owed to group undertakings and other participating interests
1 
1 
Taxes and social security
2,618 
10,911 
Accruals
- 
66,546 
72,165 
194,318 
10
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
280,000 
280,000 
11
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
(273,600)
(230,300)
2024 
2023 
£ 
£ 
Provision at start of year
(230,300)
(230,300)
Credited to the profit and loss account
(43,300)
- 
Provision at end of year
(273,600)
(230,300)
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 it assets are recognised only to the extent that is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
12
Pension commitments
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.
13
Average number of employees
During the year the average number of employees was 12 (2023: 33).
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