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REGISTERED NUMBER: 10823971 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

CabCut Limited

CabCut Limited (Registered number: 10823971)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CabCut Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr B Officer
Mr J P Stephenson



REGISTERED OFFICE: Unit 2c Greatfield Lane
Marfleet Lane
Hull
East Yorkshire
HU9 5WA



REGISTERED NUMBER: 10823971 (England and Wales)



ACCOUNTANTS: 360 Accountants Limited
18-19 Albion Street
Hull
East Yorkshire
HU1 3TG



BANKERS: Lloyds Bank PLC
91 Jameson Street
Hull
East Yorkshire
HU1 3JJ

CabCut Limited (Registered number: 10823971)

Abridged Balance Sheet
30 June 2023

30/6/23 30/6/22
Notes £    £   
CURRENT ASSETS
Stocks 3,500 4,100
Debtors 93,672 107,454
Cash at bank 6,918 13,424
104,090 124,978
CREDITORS
Amounts falling due within one year 19,294 37,960
NET CURRENT ASSETS 84,796 87,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,796

87,018

CREDITORS
Amounts falling due after more than one
year

2,330

3,417
NET ASSETS 82,466 83,601

CAPITAL AND RESERVES
Called up share capital 5 2 2
Retained earnings 82,464 83,599
SHAREHOLDERS' FUNDS 82,466 83,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CabCut Limited (Registered number: 10823971)

Abridged Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





Mr B Officer - Director


CabCut Limited (Registered number: 10823971)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

CabCut Limited 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 - 25% on cost
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CabCut Limited (Registered number: 10823971)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 7,629
DEPRECIATION
At 1 July 2022
and 30 June 2023 7,629
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
2 Ordinary £1 2 2

6. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no ultimate controlling party.