Company Registration No. 8956572 (England and Wales)
CORNER CUTS LTD
Unaudited accounts
for the period from 25 March 2022 to 28 February 2023
CORNER CUTS LTD
Unaudited accounts
Contents
CORNER CUTS LTD
Company Information
for the period from 25 March 2022 to 28 February 2023
Director
Lukasz Jozef GARGULA
Company Number
8956572 (England and Wales)
Registered Office
80 Mallard Crescent
Iwade
Sittingbourne
ME9 8TJ
England
Accountants
Dorota Cukierska
International House
142 Cromwell Road
London
SW7 4EF
CORNER CUTS LTD
Accountants' report
Accountants' report to the director of CORNER CUTS LTD on the preparation of the unaudited statutory accounts for the period from 25 March 2022 to 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
CORNER CUTS LTD for the period from
25 March 2022 to
28 February 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CORNER CUTS LTD, as a body, in accordance with the terms of our engagement letter dated 24 March 2014. Our work has been undertaken solely to prepare for your approval the accounts of CORNER CUTS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CORNER CUTS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CORNER CUTS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CORNER CUTS LTD. You consider that CORNER CUTS LTD is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of CORNER CUTS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Dorota Cukierska
International House
142 Cromwell Road
London
SW7 4EF
8 September 2023
CORNER CUTS LTD
Statement of financial position
as at 28 February 2023
Tangible assets
2,505
3,001
Cash at bank and in hand
3,665
3,478
Creditors: amounts falling due within one year
(5,873)
(7,208)
Net current liabilities
(2,208)
(2,908)
Called up share capital
2
2
Profit and loss account
295
91
Shareholders' funds
297
93
For the period ending 28 February 2023 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 director acknowledges his 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 and authorised for issue on 8 September 2023 and were signed on its behalf by
Lukasz Jozef GARGULA
Director
Company Registration No. 8956572
CORNER CUTS LTD
Notes to the Accounts
for the period from 25 March 2022 to 28 February 2023
CORNER CUTS LTD is a private company, limited by shares, registered in England and Wales, registration number 8956572. The registered office is 80 Mallard Crescent, Iwade, Sittingbourne, ME9 8TJ, 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 period, 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 25 March 2022
2,924
-
2,872
5,796
At 28 February 2023
2,924
338
2,872
6,134
At 25 March 2022
1,393
-
1,402
2,795
Charge for the period
383
84
367
834
At 28 February 2023
1,776
84
1,769
3,629
At 28 February 2023
1,148
254
1,103
2,505
At 24 March 2022
1,531
-
1,470
3,001
CORNER CUTS LTD
Notes to the Accounts
for the period from 25 March 2022 to 28 February 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
2,045
Taxes and social security
5,873
5,163
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the period the average number of employees was 2 (2022: 2).