Cat Ballou Originals Limited - Accounts to registrar (filleted) - small 18.2

Cat Ballou Originals Limited - Accounts to registrar (filleted) - small 18.2

CAT BALLOU ORIGINALS LIMITED - Company Information

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REGISTERED NUMBER: 01036832 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

FOR

CAT BALLOU ORIGINALS LIMITED
CAT BALLOU ORIGINALS LIMITED (REGISTERED NUMBER: 01036832)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022




Page

Balance Sheet 1

Notes to the Financial Statements 3


CAT BALLOU ORIGINALS LIMITED (REGISTERED NUMBER: 01036832)

BALANCE SHEET
31ST MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,165 25,600
Investment property 5 260,000 255,000
282,165 280,600

CURRENT ASSETS
Stocks 339,812 266,808
Debtors 6 46,104 19,490
Cash at bank and in hand 341,937 386,058
727,853 672,356
CREDITORS
Amounts falling due within one year 7 487,428 434,143
NET CURRENT ASSETS 240,425 238,213
TOTAL ASSETS LESS CURRENT
LIABILITIES
522,590
518,813

CREDITORS
Amounts falling due after more than one
year
8
(92,500
)
(125,544
)

PROVISIONS FOR LIABILITIES (39,063 ) (39,539 )
NET ASSETS 391,027 353,730

CAPITAL AND RESERVES
Called up share capital 2,300 2,300
Retained earnings 388,727 351,430
391,027 353,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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.

The notes form part of these financial statements

Page 1 continued...
CAT BALLOU ORIGINALS LIMITED (REGISTERED NUMBER: 01036832)

BALANCE SHEET - continued
31ST MARCH 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th December 2022 and were signed on its behalf by:





Mr A Kapur - Director


The notes form part of these financial statements

Page 2
CAT BALLOU ORIGINALS LIMITED (REGISTERED NUMBER: 01036832)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022

1. STATUTORY INFORMATION

Cat Ballou Originals Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01036832

Registered office: 1-3 The Burges
City Centre
Coventry
West Midlands
CV1 1HN

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 as modified by the revaluation of certain assets.

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 etc - 25% on cost, 10% on reducing balance and at varying rates on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Page 3 continued...
CAT BALLOU ORIGINALS LIMITED (REGISTERED NUMBER: 01036832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2021
and 31st March 2022 117,521
DEPRECIATION
At 1st April 2021 91,921
Charge for year 3,435
At 31st March 2022 95,356
NET BOOK VALUE
At 31st March 2022 22,165
At 31st March 2021 25,600

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2021 255,000
Revaluations 5,000
At 31st March 2022 260,000
NET BOOK VALUE
At 31st March 2022 260,000
At 31st March 2021 255,000

Fair value at 31st March 2022 is represented by:
£   
Valuation in 2012 120,000
Valuation in 2014 30,000
Valuation in 2015 105,000
Valuation in 2022 5,000
260,000

Page 4 continued...
CAT BALLOU ORIGINALS LIMITED (REGISTERED NUMBER: 01036832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 16,146 9,231
Other debtors 29,958 10,259
46,104 19,490

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 30,000 13,093
Trade creditors 93,433 75,902
Taxation and social security 15,723 27,608
Other creditors 348,272 317,540
487,428 434,143

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 92,500 125,544

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.22 31.3.21
£    £   
Bank loans 122,500 138,637

10. RELATED PARTY DISCLOSURES

The amounts due to related parties as at 31st March 2022 was £311,693 (2021 - £280,658).

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