Catalyst Contracting Ltd - Accounts

Catalyst Contracting Ltd - Accounts

CATALYST CONTRACTING LTD - Company Information

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Registered Number : 08475085
England and Wales

 

 

 

CATALYST CONTRACTING LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

Catalyst Contracting Ltd
Contents Page
For the year ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Catalyst Contracting Ltd for the year ended 31 March 2016 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://icaew.com/regulations.

This report is made solely to the Board of Directors of Catalyst Contracting Ltd, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the financial statements of Catalyst Contracting Ltd and state those matters that we have agreed to state to the Board of Directors of Catalyst Contracting Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at http://icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Catalyst Contracting Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Catalyst Contracting Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Catalyst Contracting Ltd. You consider that Catalyst Contracting Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Catalyst Contracting Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................
BWCA LTD T/A Bluewater Chartered Accountants
Fairgate House
205 Kings Road
Birmingham
B11 2AA
21 December 2016
1
 
 		 Notes
 		 2016
£		   2015
£
Fixed assets      
Tangible fixed assets 2 5,462    7,132 
5,462    7,132 
Current assets      
Debtors 470,046    56,284 
Cash at bank and in hand 11,473    46,577 
481,519    102,861 
Creditors: amount falling due within one year (485,496)   (61,987)
Net current assets (3,977)   40,874 
Total assets less current liabilities 1,485    48,006 
Net assets 1,485    48,006 

Capital and reserves 		     
Called up share capital 3 100    100 
Profit and loss account 1,385    47,906 
Shareholders funds 1,485    48,006 


For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. 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
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts.
Signed on behalf of the board of directors


--------------------------------
Asad Adris
Director

Date approved by the board: 21 December 2016
2
1.

Accounting Policies

Basis of accounting

Catalyst Contracting Ltd is a company limited by shares and is incorporated in England and Wales. The address of the registered office and is Branston Court, Branston Street, Birmingham, West Midlands, B18, 6BA. The nature of the company's operations and its principal activity was that of property development and construction works.

The company's financial statements have been prepared in compliance with FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and on a going concern basis.

The company transitioned from previously extant UK GAAP to FRS 102 as at 1 April 2014.

This is the first year that the company has presented its financial statements under FRS 102. The previous financial statements were prepared under the UK GAAP for the year ended 31 March 2015.

There were no changes in accounting policies as a result of transition to FRS 102 that had an impact on previously reported balances under UK GAAP.

The financial statements comprise the unaudited financial statements of the company up to 31 March each year, and are stated in pound sterling, the company's functional and presentational currency.

The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the years presented, unless otherwise stated.
Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
 - Plant and Machinery - 25% Straight line
 - Fixtures & Fittings - 25% Straight line
Small company exemption

The company meets the definition of a small entity under FRS 102 and has therefore taken advantage of the disclosure exemption available to it in respect of the requirements to prepare a Statement of Cash Flows in accordance with Section 7.
2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2015 1,500    7,064    3,621    12,185 
Additions -    -    1,834    1,834 
Disposals -    -    -    - 
At 31 March 2016 1,500    7,064    5,455    14,019 
Depreciation
At 01 April 2015 375    2,867    1,811    5,053 
Charge for year 375    1,766    1,363    3,504 
On disposals -    -    -    - 
At 31 March 2016 750    4,633    3,174    8,557 
Net book values
At 31 March 2016 750    2,431    2,281    5,462 
At 01 April 2015 1,125    4,197    1,810    7,132 


3.

Share Capital

Allotted
2016
£		   2015
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

3