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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2018 |
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CATALYST ASSET & OFFICE SOLUTIONS LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2018 |
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FOR |
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CATALYST ASSET & OFFICE SOLUTIONS LTD |
CATALYST ASSET & OFFICE SOLUTIONS LTD (REGISTERED NUMBER: 04942443) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30th April 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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CATALYST ASSET & OFFICE SOLUTIONS LTD |
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COMPANY INFORMATION |
for the Year Ended 30th April 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1 City Road East |
Manchester |
M15 4PN |
CATALYST ASSET & OFFICE SOLUTIONS LTD (REGISTERED NUMBER: 04942443) |
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BALANCE SHEET |
30th April 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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( |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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(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. |
CATALYST ASSET & OFFICE SOLUTIONS LTD (REGISTERED NUMBER: 04942443) |
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BALANCE SHEET - continued |
30th April 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved and authiorised for issue by the director on
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CATALYST ASSET & OFFICE SOLUTIONS LTD (REGISTERED NUMBER: 04942443) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30th April 2018 |
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1. | STATUTORY INFORMATION |
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Catalyst Asset & Office Solutions Limited is a private company, limited by shares, registered in England and Wales, |
registration number 04942443. The address of the registered office is 1 City Road East, Manchester, M15 4PN. The |
principal place of business is 19 Poppy Walk, St James's Road, Goffs Oak, Hertfordshire, EN7 6TJ. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value |
added tax and other sales taxes. The following criteria must also be met before revenue is recognised: |
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Turnover from a contract to provide goods or services is recognised in the period in which the good or services are |
provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: |
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- the amount of turnover can be measured reliably; |
- it is probable that the Company will receive the consideration due under the contract; |
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and |
- the costs incurred and the costs to complete the contract can be measured reliably. |
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Tangible fixed assets |
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. |
Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition |
necessary for it to be capable of operating in the manner intended by management. |
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using |
either a straight line or reducing balance method, as indicated below. |
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Depreciation is provided on the following basis: |
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Computer equipment - 25% Straight Line |
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Fixtures and fittings - 15% Reducing basis |
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, |
or if there is an indication of a significant change since the last reporting date. |
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Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in |
profit or loss. |
CATALYST ASSET & OFFICE SOLUTIONS LTD (REGISTERED NUMBER: 04942443) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30th April 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost |
of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. |
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At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its |
selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
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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. |
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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. |
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Financial instruments |
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the |
financial instrument. The company holds basic financial instruments, which comprise cash at bank and in hand, trade and |
other debtors, borrowings, and trade and other creditors. The company has chosen to apply the measurement and |
recognition provisions of Section 11 Basic Financial Instruments. |
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Trade and other debtors |
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective |
interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be |
immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts. |
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Cash and cash equivalents |
Cash and cash equivalents comprise cash at bank. |
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Trade and other creditors |
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective |
interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. |
CATALYST ASSET & OFFICE SOLUTIONS LTD (REGISTERED NUMBER: 04942443) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30th April 2018 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2017 - 3 ). |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1st May 2017 |
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Additions |
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At 30th April 2018 |
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DEPRECIATION |
At 1st May 2017 |
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Charge for year |
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At 30th April 2018 |
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NET BOOK VALUE |
At 30th April 2018 |
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At 30th April 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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CATALYST ASSET & OFFICE SOLUTIONS LTD (REGISTERED NUMBER: 04942443) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30th April 2018 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | £1 | 1,000 | 1,000 |