Company registration number 09104659 (England and Wales)
FINECUT DEVELOPMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
FINECUT DEVELOPMENTS LIMITED
BALANCE SHEET
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2023
2022
£
£
£
£
Fixed assets
20,657
26,044
Current assets
88,943
325,697
Creditors: amounts falling due within one year
(153,127)
Net current assets
88,943
172,570
Total assets less current liabilities
109,600
198,614
Accruals and deferred income
(3,370)
(3,277)
Net assets
106,230
195,337
Capital and reserves
106,230
195,337
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
Advances to Directors
During the year £27,272 was advanced to a director. The balance owed by the director at the beginning of the year was £nil and at the at the end of the year was £27,272. This loan was interest free when in credit, and bore interest at the HMRC official rate of 2% when in debit. The loan was unsecured and there are no fixed repayment terms.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
2
2
Finecut Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bishopbrook House, Cathedral Avenue, WELLS, Somerset, BA5 1FD.
For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
FINECUT DEVELOPMENTS LIMITED
BALANCE SHEET (CONTINUED)
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These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on ......................... and are signed on its behalf by:
2023-10-30
..............................................
..............................................
Mr P J Riley
Mrs A J Riley
Director
Director
Company registration number 09104659 (England and Wales)