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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
Page
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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
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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
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CORNER CUTS LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,505 
3,001 
Current assets
Debtors
- 
822 
Cash at bank and in hand
3,665 
3,478 
3,665 
4,300 
Creditors: amounts falling due within one year
(5,873)
(7,208)
Net current liabilities
(2,208)
(2,908)
Net assets
297 
93 
Capital and reserves
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
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CORNER CUTS LTD Notes to the Accounts for the period from 25 March 2022 to 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
25 %
Fixtures & fittings
25%
Computer equipment
25 %
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 
Additions
- 
338 
- 
338 
At 28 February 2023
2,924 
338 
2,872 
6,134 
Depreciation
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 
Net book value
At 28 February 2023
1,148 
254 
1,103 
2,505 
At 24 March 2022
1,531 
- 
1,470 
3,001 
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CORNER CUTS LTD Notes to the Accounts for the period from 25 March 2022 to 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
822 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
2,045 
Taxes and social security
5,873 
5,163 
5,873 
7,208 
7
Share capital
2023 
2022 
£ 
£ 
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).
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