| Cutters Limited |
| Registered number: |
05669059 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
8,108 |
|
|
9,700 |
|
| Current assets |
| Stocks |
|
|
15,145 |
|
|
20,010 |
| Cash at bank and in hand |
|
|
17,831 |
|
|
25,612 |
|
|
|
32,976 |
|
|
45,622 |
|
| Creditors: amounts falling due within one year |
|
|
(21,169) |
|
|
(16,278) |
|
| Net current assets |
|
|
|
11,807 |
|
|
29,344 |
|
| Net assets |
|
|
|
19,915 |
|
|
39,044 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
19,913 |
|
|
39,042 |
|
| Shareholders' funds |
|
|
|
19,915 |
|
|
39,044 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| S M Chapman |
| Director |
| Approved by the board on 27 November 2014 |
|
| Cutters Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fittings and equipment |
25% of reducing balance |
|
Motor vehicles |
25% of reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
55,000 |
|
At 31 March 2014 |
55,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2013 |
55,000 |
|
At 31 March 2014 |
55,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
- |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
17,661 |
|
Additions |
833 |
|
At 31 March 2014 |
18,494 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2013 |
7,961 |
|
Charge for the year |
2,425 |
|
At 31 March 2014 |
10,386 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
8,108 |
|
At 31 March 2013 |
9,700 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
