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REGISTERED NUMBER: 10912588 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

CUTSY LIMITED

CUTSY LIMITED (REGISTERED NUMBER: 10912588)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CUTSY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 August 2023







DIRECTOR: A K Bantock





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 10912588 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

CUTSY LIMITED (REGISTERED NUMBER: 10912588)

BALANCE SHEET
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,591 2,387

CURRENT ASSETS
Debtors 5 4,310 5,234
Cash at bank and in hand 3,163 14,246
7,473 19,480
CREDITORS
Amounts falling due within one year 6 13,841 18,533
NET CURRENT (LIABILITIES)/ASSETS (6,368 ) 947
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,223

3,334

CREDITORS
Amounts falling due after more than one
year

7

193,276

131,504
NET LIABILITIES (171,053 ) (128,170 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (171,153 ) (128,270 )
(171,053 ) (128,170 )

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

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

CUTSY LIMITED (REGISTERED NUMBER: 10912588)

BALANCE SHEET - continued
31 August 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 28 February 2024 and were signed by:





A K Bantock - Director


CUTSY LIMITED (REGISTERED NUMBER: 10912588)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 August 2023

1. STATUTORY INFORMATION

Cutsy 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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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 - 3 ) .

CUTSY LIMITED (REGISTERED NUMBER: 10912588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022 - 6,600 5,339 11,939
Additions 23,203 199 12,338 35,740
At 31 August 2023 23,203 6,799 17,677 47,679
DEPRECIATION
At 1 September 2022 - 5,280 4,272 9,552
Charge for year 4,641 1,360 3,535 9,536
At 31 August 2023 4,641 6,640 7,807 19,088
NET BOOK VALUE
At 31 August 2023 18,562 159 9,870 28,591
At 31 August 2022 - 1,320 1,067 2,387

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 1,640 4,234
Other debtors 2,670 1,000
4,310 5,234

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 837 3,510
Taxation and social security 945 2,273
Other creditors 2,059 2,750
13,841 18,533

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 25,280 33,777
Other creditors 167,996 97,727
193,276 131,504