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
Cloth Cat Limited
Company Information
for the year ended 31 December 2024
Company Number
05991179 (England and Wales)
Registered Office
23 Oriel House
Windsor Road
Cardiff
CF24 2FY
Wales
Cloth Cat Limited
Statement of financial position
as at 31 December 2024
Intangible assets
231,420
183,286
Tangible assets
43,185
33,627
Cash at bank and in hand
31,866
114,993
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
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
Cloth Cat Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 December 2024
231,420
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.
Cloth Cat Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Computer equipment
At 31 December 2024
447,939
At 31 December 2024
404,754
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.
Amounts falling due within one year
Deferred tax asset
273,600
230,300
Accrued income and prepayments
-
36,041
Amounts falling due after more than one year
Trade debtors
27,540
43,881
Amounts due from group undertakings etc.
200
100
Cloth Cat Limited
Notes to the Accounts
for the year ended 31 December 2024
9
Creditors: amounts falling due within one year
2024
2023
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
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)
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.
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).