IRIS Accounts Production v24.1.0.578 12541816 director 1.5.22 30.4.23 30.4.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh125418162022-04-30125418162023-04-30125418162022-05-012023-04-30125418162021-04-30125418162021-05-012022-04-30125418162022-04-3012541816ns15:EnglandWales2022-05-012023-04-3012541816ns14:PoundSterling2022-05-012023-04-3012541816ns10:Director12022-05-012023-04-3012541816ns10:PrivateLimitedCompanyLtd2022-05-012023-04-3012541816ns10:SmallEntities2022-05-012023-04-3012541816ns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3012541816ns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3012541816ns10:SmallCompaniesRegimeForAccounts2022-05-012023-04-3012541816ns10:FullAccounts2022-05-012023-04-3012541816ns10:RegisteredOffice2022-05-012023-04-3012541816ns5:CurrentFinancialInstruments2023-04-3012541816ns5:CurrentFinancialInstruments2022-04-3012541816ns5:ShareCapital2023-04-3012541816ns5:ShareCapital2022-04-3012541816ns5:SharePremium2023-04-3012541816ns5:SharePremium2022-04-3012541816ns5:RetainedEarningsAccumulatedLosses2023-04-3012541816ns5:RetainedEarningsAccumulatedLosses2022-04-3012541816ns5:LeaseholdImprovements2022-04-3012541816ns5:FurnitureFittings2022-04-3012541816ns5:ComputerEquipment2022-04-3012541816ns5:LeaseholdImprovements2022-05-012023-04-3012541816ns5:FurnitureFittings2022-05-012023-04-3012541816ns5:ComputerEquipment2022-05-012023-04-3012541816ns5:LeaseholdImprovements2023-04-3012541816ns5:FurnitureFittings2023-04-3012541816ns5:ComputerEquipment2023-04-3012541816ns5:LeaseholdImprovements2022-04-3012541816ns5:FurnitureFittings2022-04-3012541816ns5:ComputerEquipment2022-04-3012541816ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3012541816ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-30
REGISTERED NUMBER: 12541816 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Cutbox Limited

Cutbox Limited (Registered number: 12541816)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Cutbox Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: O D G Oboh





REGISTERED OFFICE: 5 Rutters Close
Kidlington
OX5 1SN





REGISTERED NUMBER: 12541816 (England and Wales)





ACCOUNTANTS: Dragon Argent Limited
63 Bermondsey Street
London
SE1 3XF

Cutbox Limited (Registered number: 12541816)

Statement of Financial Position
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 302,287 81,414

CURRENT ASSETS
Debtors 5 36,335 43,203
Cash at bank 600,431 1,290,773
636,766 1,333,976
CREDITORS
Amounts falling due within one year 6 92,027 53,646
NET CURRENT ASSETS 544,739 1,280,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

847,026

1,361,744

CAPITAL AND RESERVES
Called up share capital 194 194
Share premium 2,267,456 1,879,383
Retained earnings (1,420,624 ) (517,833 )
847,026 1,361,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 29 July 2024 and were signed by:





O D G Oboh - Director


Cutbox Limited (Registered number: 12541816)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Cutbox 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
Tangible fixed assets are are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost
Leasehold improvements - 10% 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 statement of financial position date.

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 25 (2022 - 7 ) .

Cutbox Limited (Registered number: 12541816)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022 - 88,450 2,219 90,669
Additions 25,000 237,272 - 262,272
At 30 April 2023 25,000 325,722 2,219 352,941
DEPRECIATION
At 1 May 2022 - 8,811 444 9,255
Charge for year 2,500 38,159 740 41,399
At 30 April 2023 2,500 46,970 1,184 50,654
NET BOOK VALUE
At 30 April 2023 22,500 278,752 1,035 302,287
At 30 April 2022 - 79,639 1,775 81,414

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 36,335 43,203

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 49,668 38,072
Taxation and social security 28,155 15,574
Other creditors 14,204 -
92,027 53,646