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REGISTERED NUMBER: 13228687 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 March 2023

for

Cutting Edge Grounds Maintenance Ltd

Cutting Edge Grounds Maintenance Ltd (Registered number: 13228687)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cutting Edge Grounds Maintenance Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J Blackburn





REGISTERED OFFICE: Hill View Whinney Hill
Darlington Back Lane
Stockton-On-Tees
TS21 1BG





REGISTERED NUMBER: 13228687 (England and Wales)





ACCOUNTANTS: Hardwicks
Chartered Accountants

Cutting Edge Grounds Maintenance Ltd (Registered number: 13228687)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 273,387 140,027

CURRENT ASSETS
Stocks 1,780 1,780
Debtors 5 58,728 24,169
Cash at bank and in hand 101,823 21,953
162,331 47,902
CREDITORS
Amounts falling due within one year 6 190,999 136,675
NET CURRENT LIABILITIES (28,668 ) (88,773 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,719

51,254

CREDITORS
Amounts falling due after more than one year 7 129,116 29,490
NET ASSETS 115,603 21,764

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 115,503 21,664
115,603 21,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Cutting Edge Grounds Maintenance Ltd (Registered number: 13228687)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 July 2023 and were signed by:





J Blackburn - Director


Cutting Edge Grounds Maintenance Ltd (Registered number: 13228687)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Cutting Edge Grounds Maintenance Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cutting Edge Grounds Maintenance Ltd (Registered number: 13228687)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 143,019
Additions 234,893
Disposals (57,500 )
At 31 March 2023 320,412
DEPRECIATION
At 1 April 2022 2,992
Charge for year 45,472
Eliminated on disposal (1,439 )
At 31 March 2023 47,025
NET BOOK VALUE
At 31 March 2023 273,387
At 31 March 2022 140,027

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 58,228 21,711
Other debtors 500 2,458
58,728 24,169

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 2,500 14,638
Hire purchase contracts 24,772 9,280
Taxation and social security 23,451 848
Other creditors 140,276 111,909
190,999 136,675

Cutting Edge Grounds Maintenance Ltd (Registered number: 13228687)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 9,638 -
Hire purchase contracts 119,478 29,490
129,116 29,490