IRIS Accounts Production v23.3.0.418 NI025576 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0255762022-12-31NI0255762023-12-31NI0255762023-01-012023-12-31NI0255762021-12-31NI0255762022-01-012022-12-31NI0255762022-12-31NI025576ns10:Originalns15:NorthernIreland2023-01-012023-12-31NI025576ns14:PoundSterlingns10:Original2023-01-012023-12-31NI025576ns10:Originalns10:Director12023-01-012023-12-31NI025576ns10:Original2023-01-012023-12-31NI025576ns10:Original2023-12-31NI025576ns10:Originalns10:PrivateLimitedCompanyLtd2023-01-012023-12-31NI025576ns10:Originalns10:SmallEntities2023-01-012023-12-31NI025576ns10:Originalns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31NI025576ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31NI025576ns10:SmallCompaniesRegimeForAccountsns10:Original2023-01-012023-12-31NI025576ns10:Originalns10:FullAccounts2023-01-012023-12-31NI025576ns10:Original12023-01-012023-12-31NI025576ns10:Originalns10:Director22023-01-012023-12-31NI025576ns10:CompanySecretary1ns10:Original2023-01-012023-12-31NI025576ns10:Originalns10:RegisteredOffice2023-01-012023-12-31NI025576ns10:Original2022-12-31NI025576ns10:Originalns5:CurrentFinancialInstruments2023-12-31NI025576ns10:Originalns5:CurrentFinancialInstruments2022-12-31NI025576ns5:ShareCapitalns10:Original2023-12-31NI025576ns5:ShareCapitalns10:Original2022-12-31NI025576ns10:Originalns5:RevaluationReserve2023-12-31NI025576ns10:Originalns5:RevaluationReserve2022-12-31NI025576ns10:Originalns5:CapitalRedemptionReserve2023-12-31NI025576ns10:Originalns5:CapitalRedemptionReserve2022-12-31NI025576ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-12-31NI025576ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-31NI025576ns10:Originalns5:NetGoodwill2023-01-012023-12-31NI025576ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-01-012023-12-31NI025576ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-01-012023-12-31NI025576ns10:Originalns5:PlantMachinery2023-01-012023-12-31NI025576ns10:Original2022-01-012022-12-31NI025576ns10:Originalns5:NetGoodwill2022-12-31NI025576ns10:Originalns5:NetGoodwill2023-12-31NI025576ns10:Originalns5:NetGoodwill2022-12-31NI025576ns10:Originalns5:LandBuildings2022-12-31NI025576ns10:Originalns5:PlantMachinery2022-12-31NI025576ns10:Original2022-12-31NI025576ns10:Originalns5:LandBuildings2023-01-012023-12-31NI025576ns10:Originalns5:LandBuildings2023-12-31NI025576ns10:Originalns5:PlantMachinery2023-12-31NI025576ns10:Originalns5:LandBuildings2022-12-31NI025576ns10:Originalns5:PlantMachinery2022-12-31NI025576ns10:Originalns5:CostValuation2022-12-31NI025576ns10:Originalns5:RevaluationsIncreaseDecreaseInInvestments2023-12-31NI025576ns10:Originalns5:CostValuation2023-12-31NI025576ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31NI025576ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31NI025576ns10:Originalns5:RevaluationReserve2022-12-31
REGISTERED NUMBER: NI025576 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

David Cuttle Limited

David Cuttle Limited (Registered number: NI025576)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


David Cuttle Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: D H Cuttle
Mrs G Cuttle





SECRETARY:





REGISTERED OFFICE: Suite 5 Ormeau House
91-97 Ormeau Road
Belfast
Co. Antrim
BT7 1SH





REGISTERED NUMBER: NI025576 (Northern Ireland)





ACCOUNTANTS: Cleaver Black
Chartered Accountants
Suite 5 Ormeau House
91-97 Ormeau Road
Belfast
Co. Antrim
BT7 1SH

David Cuttle Limited (Registered number: NI025576)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,577,873 1,558,226
Investments 6 201,314 211,413
1,779,187 1,769,639

CURRENT ASSETS
Stocks 7 8,955 134,256
Debtors 8 444 5,646
Cash at bank and in hand 289,793 102,448
299,192 242,350
CREDITORS
Amounts falling due within one year 9 (44,523 ) (21,057 )
NET CURRENT ASSETS 254,669 221,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,033,856

1,990,932

CAPITAL AND RESERVES
Called up share capital 700,002 760,002
Revaluation reserve 10 843,059 843,059
Capital redemption reserve 100,000 40,000
Retained earnings 390,795 347,871
SHAREHOLDERS' FUNDS 2,033,856 1,990,932

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

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

David Cuttle Limited (Registered number: NI025576)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by:





D H Cuttle - Director


David Cuttle Limited (Registered number: NI025576)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

David Cuttle Limited is a private company, limited by shares , registered in Northern Ireland. 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 as modified by the revaluation of certain assets.

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 2009, is being amortised evenly over its estimated useful life of three 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.
Freehold property - 2% on cost
Plant and machinery - 20% on cost

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 Statement of Income and Retained Earnings, 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.

David Cuttle Limited (Registered number: NI025576)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 49,875
AMORTISATION
At 1 January 2023
and 31 December 2023 49,875
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 1,552,000 373,363 1,925,363
Additions - 21,670 21,670
Disposals - (366,780 ) (366,780 )
At 31 December 2023 1,552,000 28,253 1,580,253
DEPRECIATION
At 1 January 2023 - 367,137 367,137
Charge for year - 1,190 1,190
Eliminated on disposal - (365,947 ) (365,947 )
At 31 December 2023 - 2,380 2,380
NET BOOK VALUE
At 31 December 2023 1,552,000 25,873 1,577,873
At 31 December 2022 1,552,000 6,226 1,558,226

David Cuttle Limited (Registered number: NI025576)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2021 708,941 370,280 1,079,221
Valuation in 2022 843,059 3,083 846,142
Valuation in 2023 - (345,110 ) (345,110 )
1,552,000 28,253 1,580,253

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 211,413
Revaluations (10,099 )
At 31 December 2023 201,314
NET BOOK VALUE
At 31 December 2023 201,314
At 31 December 2022 211,413

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2019 102,453
Valuation in 2020 858
Valuation in 2021 50,386
Valuation in 2022 57,716
Valuation in 2023 (10,099 )
201,314

If Prudential Investment Bond had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 187,400 187,400

Prudential Investment Bond was valued on an open market value basis on 31 December 2022 by Prudential .

David Cuttle Limited (Registered number: NI025576)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. STOCKS
2023 2022
£    £   
Stocks 8,955 112,695
Raw materials - 21,561
8,955 134,256

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT - 5,202
Prepayments and accrued income 444 444
444 5,646

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 723 (2,791 )
Tax 23,516 3,486
VAT 18,248 -
Directors' current accounts - 18,326
Accrued expenses 2,036 2,036
44,523 21,057

10. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 843,059