Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-07-01falseBuckets11falsetruetrue 10999536 2022-07-01 2023-06-30 10999536 2021-07-01 2022-06-30 10999536 2023-06-30 10999536 2022-06-30 10999536 c:Director1 2022-07-01 2023-06-30 10999536 d:PlantMachinery 2022-07-01 2023-06-30 10999536 d:PlantMachinery 2023-06-30 10999536 d:PlantMachinery 2022-06-30 10999536 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10999536 d:FurnitureFittings 2022-07-01 2023-06-30 10999536 d:FurnitureFittings 2023-06-30 10999536 d:FurnitureFittings 2022-06-30 10999536 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10999536 d:OfficeEquipment 2022-07-01 2023-06-30 10999536 d:OfficeEquipment 2023-06-30 10999536 d:OfficeEquipment 2022-06-30 10999536 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10999536 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10999536 d:CurrentFinancialInstruments 2023-06-30 10999536 d:CurrentFinancialInstruments 2022-06-30 10999536 d:Non-currentFinancialInstruments 2023-06-30 10999536 d:Non-currentFinancialInstruments 2022-06-30 10999536 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10999536 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 10999536 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10999536 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 10999536 d:ShareCapital 2023-06-30 10999536 d:ShareCapital 2022-06-30 10999536 d:RetainedEarningsAccumulatedLosses 2023-06-30 10999536 d:RetainedEarningsAccumulatedLosses 2022-06-30 10999536 c:FRS102 2022-07-01 2023-06-30 10999536 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10999536 c:FullAccounts 2022-07-01 2023-06-30 10999536 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10999536 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 10999536










CUTTING EDGE BUCKETS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
CUTTING EDGE BUCKETS LIMITED
REGISTERED NUMBER: 10999536

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
20
7,172

  
20
7,172

Current assets
  

Stocks
  
24,000
67,346

Debtors: amounts falling due within one year
 5 
370,091
261,048

Cash at bank and in hand
 6 
20,716
41,775

  
414,807
370,169

Creditors: amounts falling due within one year
 7 
(368,539)
(539,203)

Net current assets/(liabilities)
  
 
 
46,268
 
 
(169,034)

Total assets less current liabilities
  
46,288
(161,862)

Creditors: amounts falling due after more than one year
 8 
(21,240)
(31,715)

  

Net assets/(liabilities)
  
25,048
(193,577)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
24,948
(193,677)

  
25,048
(193,577)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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.

Page 1

 
CUTTING EDGE BUCKETS LIMITED
REGISTERED NUMBER: 10999536
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 March 2024.




R O Hutchinson
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
CUTTING EDGE BUCKETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


GENERAL INFORMATION

Cutting Edge Buckets Limited is a private company, limited by shares, incorporated in England & Wales,
registered number 10999536. The registered office is White House Farm, Sandy Lane West, Billingham,
England, TS22 5NB.

2.ACCOUNTING POLICIES

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
CUTTING EDGE BUCKETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
Fixtures and fittings
-
Office equipment
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
CUTTING EDGE BUCKETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost 


At 1 July 2022
46,588
1,348
3,196
51,132



At 30 June 2023

46,588
1,348
3,196
51,132



Depreciation


At 1 July 2022
41,142
-
2,817
43,959


Charge for the year on owned assets
5,430
1,344
379
7,153



At 30 June 2023

46,572
1,344
3,196
51,112



Net book value



At 30 June 2023
16
4
-
20



At 30 June 2022
5,445
1,348
379
7,172


5.


DEBTORS

2023
2022
£
£


Trade debtors
118,852
58,906

Other debtors
251,139
202,042

Called up share capital not paid
100
100

370,091
261,048



6.


CASH AND CASH EQUIVALENTS

2023
2022
£
£

Cash at bank and in hand
20,716
41,775

Less: bank overdrafts
(4)
(4)

20,712
41,771


Page 5

 
CUTTING EDGE BUCKETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
4
4

Bank loans
10,000
9,113

Trade creditors
68,956
48,244

Other taxation and social security
18,496
-

Other creditors
269,733
480,292

Accruals and deferred income
1,350
1,550

368,539
539,203



8.


CREDITORS: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
20,746
31,381

Other creditors
494
334

21,240
31,715


 
Page 6