Cutting-edge Design & Construction Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06133431 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

CUTTING-EDGE DESIGN & CONSTRUCTION

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

R J Huntsman

SECRETARY:

P R Huntsman

REGISTERED OFFICE:

Lexham House

Forest Road

Binfield

Bracknell

Berkshire

RG42 4HP

REGISTERED NUMBER:

06133431 (England and Wales)

ACCOUNTANTS:

Harlows Accountants

Lexham House Forest Road

Binfield

Bracknell

Berkshire

RG42 4HP

BANKERS:

HSBC Bank plc

9 High Street

Bracknell

Berkshire

RG12 1DN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,280

11,096

8,280

11,096

CURRENT ASSETS

Stocks

28,365

15,025

Debtors

6

16,439

510

Cash at bank

12,602

13,167

57,406

28,702

CREDITORS

Amounts falling due within one year

7

30,048

9,767

NET CURRENT ASSETS

27,358

18,935

TOTAL ASSETS LESS CURRENT LIABILITIES

35,638

30,031

CREDITORS

Amounts falling due after more than one year

8

22,900

28,848

NET ASSETS

12,738

1,183

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

11,738

183

SHAREHOLDERS' FUNDS

12,738

1,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director on 12 December 2019 and were signed by:

R J Huntsman - Director

1.	STATUTORY INFORMATION

Cutting-edge Design & Construction Limited is a private company, limited by shares , registered in England and

Wales. 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 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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

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

-

33% on cost and 25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

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

Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

36,000

AMORTISATION

At 1 April 2018

and 31 March 2019

36,000

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

41,664

DEPRECIATION

At 1 April 2018

30,568

Charge for year

2,816

At 31 March 2019

33,384

NET BOOK VALUE

At 31 March 2019

8,280

At 31 March 2018

11,096

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade Debtors

15,962

-

Prepayments

477

510

16,439

510

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

-

3,441

Trade Creditors

531

-

Credit Card Creditor

1,300

2,425

Corporation Tax

3,687

313

Social Security and Other Taxes

781

798

VAT Creditor

2,223

1,274

Directors' Current Accounts

19,964

16

Accrued Expenses

1,562

1,500

30,048

9,767

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Directors Loan - Repayable

more than 1 Year

22,900

22,900

Hire purchase contracts

-

5,948

22,900

28,848

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2019 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Harlows Accountants

Lexham House Forest Road

Binfield

Bracknell

Berkshire

RG42 4HP

Date: 12 December 2019