Company Registration No. 07547714 (England and Wales)
CUTTING CORNER LIMITED
Unaudited accounts
for the year ended 31 March 2023
CUTTING CORNER LIMITED
Unaudited accounts
Contents
CUTTING CORNER LIMITED
Company Information
for the year ended 31 March 2023
Company Number
07547714 (England and Wales)
Registered Office
53-65 GREENFIELD CRESCENT
LLANSAMLET
SWANSEA
SA7 9SL
Accountants
COUNTRYWIDE TAX RETURNS LIMITED
15 BRONLLAN
WINCHWEN
SWANSEA
SA1 7EQ
CUTTING CORNER LIMITED
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
13,149
18,311
Creditors: amounts falling due within one year
(4,852)
(4,708)
Net current assets
8,297
13,603
Total assets less current liabilities
8,896
14,500
Creditors: amounts falling due after more than one year
(16,906)
(18,828)
Net liabilities
(8,010)
(4,328)
Called up share capital
1
1
Profit and loss account
(8,011)
(4,329)
Shareholders' funds
(8,010)
(4,328)
For the year ending 31 March 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 her 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 13 November 2023 and were signed on its behalf by
Karen Workman
Director
Company Registration No. 07547714
CUTTING CORNER LIMITED
Notes to the Accounts
for the year ended 31 March 2023
CUTTING CORNER LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07547714. The registered office is 53-65 GREENFIELD CRESCENT, LLANSAMLET, SWANSEA, SA7 9SL.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
CUTTING CORNER LIMITED
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2022
453
5,376
5,829
At 31 March 2023
453
5,376
5,829
At 1 April 2022
180
4,752
4,932
Charge for the year
90
208
298
At 31 March 2023
270
4,960
5,230
At 31 March 2023
183
416
599
At 31 March 2022
273
624
897
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,852
4,708
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).