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REGISTERED NUMBER: 10413687 (England and Wales)















Abridged Financial Statements for the Year Ended 31 October 2023

for

Neet Cuts Ltd

Neet Cuts Ltd (Registered number: 10413687)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Neet Cuts Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs A Ball
M Ball





SECRETARY: Carrington-may Limited





REGISTERED OFFICE: 31 Walker Avenue
Wolverton Mill East
Milton Keynes
Buckinghamshire
MK12 5TW





REGISTERED NUMBER: 10413687 (England and Wales)





ACCOUNTANTS: Carrington-May
Chartered Certified Accountants
31 Walker Avenue
Wolverton Mill East
Milton Keynes
Buckinghamshire
MK12 5TW

Neet Cuts Ltd (Registered number: 10413687)

Abridged Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 540 764

CURRENT ASSETS
Debtors 2,880 1,710
Cash at bank 2,084 2,554
4,964 4,264
CREDITORS
Amounts falling due within one year 5,136 4,650
NET CURRENT LIABILITIES (172 ) (386 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

368

378

PROVISIONS FOR LIABILITIES 103 145
NET ASSETS 265 233

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 165 133
SHAREHOLDERS' FUNDS 265 233

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

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

Neet Cuts Ltd (Registered number: 10413687)

Abridged Statement of Financial Position - continued
31 October 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Mrs A Ball - Director


Neet Cuts Ltd (Registered number: 10413687)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Neet Cuts Ltd 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.
Fixtures and fittings - 20% on cost
Computer equipment - 33% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Neet Cuts Ltd (Registered number: 10413687)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 4,265 830 5,095
Additions 549 - 549
At 31 October 2023 4,814 830 5,644
DEPRECIATION
At 1 November 2022 3,501 830 4,331
Charge for year 773 - 773
At 31 October 2023 4,274 830 5,104
NET BOOK VALUE
At 31 October 2023 540 - 540
At 31 October 2022 764 - 764

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mrs A Ball
Balance outstanding at start of year 1,610 (10 )
Amounts advanced 2,780 1,620
Amounts repaid (1,610 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,780 1,610

At the balance sheet date the sum of £2,780 is owed by the director to the company, (2022 - £1,610 was owed to the director by the company ) £2,780 was the maximum amount outstanding during the year. Interest has not been paid or accrued on the sum outstanding. The sum has been fully repaid, post year end.