Company Registration No. 05669059 (England and Wales)
Cutters Limited
Unaudited accounts
for the year ended 31 March 2021
Cutters Limited
Unaudited accounts
Contents
Cutters Limited
Company Information
for the year ended 31 March 2021
Directors
Richard Poxton
Kate Poxton
Company Number
05669059 (England and Wales)
Registered Office
28 Crown Road
Twickenham
TW1 3EE
England
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Cutters Limited
Statement of financial position
as at 31 March 2021
Tangible assets
1,527
2,036
Cash at bank and in hand
1,698
1,318
Creditors: amounts falling due within one year
(12,935)
(18,308)
Net current assets
12,178
12,125
Called up share capital
100
100
Profit and loss account
13,605
14,061
Shareholders' funds
13,705
14,161
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2021 and were signed on its behalf by
Kate Poxton
Director
Company Registration No. 05669059
Cutters Limited
Notes to the Accounts
for the year ended 31 March 2021
Cutters Limited is a private company, limited by shares, registered in England and Wales, registration number 05669059. The registered office is 28 Crown Road, Twickenham, TW1 3EE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Reducing balance
4
Tangible fixed assets
Plant & machinery
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
5,743
11,443
Cutters Limited
Notes to the Accounts
for the year ended 31 March 2021
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
2,595
7,608
Taxes and social security
2,050
1,823
Loans from directors
6,181
7,356
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan account
(7,356)
(5,075)
(6,250)
(6,181)
(7,356)
(5,075)
(6,250)
(6,181)
8
Average number of employees
During the year the average number of employees was 5 (2020: 5).
