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REGISTERED NUMBER: 05941800 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Cutting Remarks Limited

Cutting Remarks Limited (Registered number: 05941800)

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










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Cutting Remarks Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr S Scholte
Mrs AJ Scholte
Mr O Scholte





SECRETARY: Mrs AJ Scholte





REGISTERED OFFICE: 237 Westcombe Hill
London
United Kingdom
SE3 7DW





REGISTERED NUMBER: 05941800 (England and Wales)





ACCOUNTANTS: Finsbury Robinson Limited
237 Westcombe Hill
Blackheath
London
SE3 7DW

Cutting Remarks Limited (Registered number: 05941800)

Abridged Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,065 1,928
2,065 1,928

CURRENT ASSETS
Stocks 3,500 3,000
Debtors 59,000 59,916
Cash at bank 96,440 65,633
158,940 128,549
CREDITORS
Amounts falling due within one year 63,566 35,671
NET CURRENT ASSETS 95,374 92,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,439

94,806

CREDITORS
Amounts falling due after more than
one year

(40,280

)

(45,491

)

ACCRUALS AND DEFERRED INCOME (3,590 ) (7,725 )
NET ASSETS 53,569 41,590

Cutting Remarks Limited (Registered number: 05941800)

Abridged Statement of Financial Position - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,469 41,490
53,569 41,590

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 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.

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 Income Statement and an abridged Statement of Financial Position for the year ended 31 March 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 1 November 2023 and were signed on its behalf by:





Mr S Scholte - Director


Cutting Remarks Limited (Registered number: 05941800)

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


1. STATUTORY INFORMATION

Cutting Remarks 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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 statement of financial position date.


Cutting Remarks Limited (Registered number: 05941800)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 62,001
AMORTISATION
At 1 April 2022
and 31 March 2023 62,001
NET BOOK VALUE

At 31 March 2023 -
At 31 March 2022 -

Cutting Remarks Limited (Registered number: 05941800)

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


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 32,116
Additions 826
At 31 March 2023 32,942
DEPRECIATION
At 1 April 2022 30,188
Charge for year 689
At 31 March 2023 30,877
NET BOOK VALUE
At 31 March 2023 2,065
At 31 March 2022 1,928