Catalyst Print Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC278365 (Scotland)

Catalyst Print Solutions Limited

Unaudited Financial Statements

for the Year Ended 31 December 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C D Wilkins

SECRETARY:

Mrs R Wilkins

REGISTERED OFFICE:

Kenmure

Main Road

Dirleton

North Berwick

EH39 5EA

REGISTERED NUMBER:

SC278365 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

The Royal Bank of Scotland

12 Westgate

North Berwick

EH39 4AF

CURRENT ASSETS

Debtors

5

240

1,528

Cash at bank

13,310

8,850

13,550

10,378

CREDITORS

Amounts falling due within one year

6

11,634

10,194

NET CURRENT ASSETS

1,916

184

TOTAL ASSETS LESS CURRENT LIABILITIES

1,916

184

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,816

84

SHAREHOLDERS' FUNDS

1,916

184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 13 September 2018 and were signed by:

C D Wilkins - Director

1.	STATUTORY INFORMATION

Catalyst Print Solutions Limited is a private company, limited by shares , registered in Scotland. The

company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of project management services, excluding value added tax.

Revenue is recognised as earned, and to the extent that the company has obtained the rights to the

consideration in exchange for these services, it is measured at the fair value of the right to

consideration, which represents amounts chargeable to customers excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 25% on cost

Financial instruments

Financial instruments comprise financial assets and financial liabilities which are recognised when

the company becomes a part to the contractual provisions of the instrument. Financial instruments

are classified as "basic" in accordance with FRS102 and are accounted for at amortised cost using

the effective interest method The effective interest rate is the rate that exactly estimated future

cash flows over the life of the financial assets or liability to the net carrying amount on initial

recognition. Discounting is not applied to short-term receivables and payables, where the effect is

immaterial.

Financial assets at cost comprise cash and other debtors. Financial liabilities comprise bank and

other loans, accruals and other creditors.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, 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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial

instruments. Basic financial instruments are initially recognised at transaction value and

subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

2,548

DEPRECIATION

At 1 January 2017

and 31 December 2017

2,548

NET BOOK VALUE

At 31 December 2017

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed by participating interests

5

5

Other debtors

235

1,523

240

1,528

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

10,335

8,993

Other creditors

1,299

1,201

11,634

10,194

7.	RELATED PARTY DISCLOSURES

C D Wilkins

During the year dividends of £40,900 (2016: £35,200) were paid to the director and his family.

2017

2016

£

£

Amount due (to)/from related party at the balance sheet date

(99

)

1,287