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Company Registration No. 13461507 (England and Wales)
Cut of Class Ltd Unaudited Financial Statements for the year ended 31 July 2023
Cut of Class Ltd Unaudited Financial Statements Contents
Page
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Cut of Class Ltd Company Information for the year ended 31 July 2023
Directors
Mrs Lisa Hellier Mr Paul Hellier
Company Number
13461507 (England and Wales)
Registered Office
Shop 2, 3 Marldon Cross Hill Marldon Paignton Devon TQ3 1NE
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Cut of Class Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,005 
3,605 
Tangible assets
7,054 
2,760 
10,059 
6,365 
Current assets
Inventories
555 
425 
Debtors
13,450 
6 
Cash at bank and in hand
1,370 
19,118 
15,375 
19,549 
Creditors: amounts falling due within one year
(7,076)
(12,383)
Net current assets
8,299 
7,166 
Net assets
18,358 
13,531 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
18,258 
13,431 
Shareholders' funds
18,358 
13,531 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Mrs Lisa Hellier Director Company Registration No. 13461507
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Cut of Class Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Cut of Class Ltd is a private company, limited by shares, registered in England and Wales, registration number 13461507. The registered office is Shop 2, 3 Marldon Cross Hill, Marldon, Paignton, Devon, TQ3 1NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line Basis
Fixtures & fittings
15% Straight Line Basis
Computer equipment
25% Straight Line Basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Purchased goodwill is being written off over a period of 5 years.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 August 2022
3,000 
1,205 
4,205 
At 31 July 2023
3,000 
1,205 
4,205 
Amortisation
At 1 August 2022
600 
- 
600 
Charge for the year
600 
- 
600 
At 31 July 2023
1,200 
- 
1,200 
Net book value
At 31 July 2023
1,800 
1,205 
3,005 
At 31 July 2022
2,400 
1,205 
3,605 
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Cut of Class Ltd Notes to the Accounts for the year ended 31 July 2023
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
847 
2,323 
- 
3,170 
Additions
820 
2,584 
1,777 
5,181 
At 31 July 2023
1,667 
4,907 
1,777 
8,351 
Depreciation
At 1 August 2022
106 
304 
- 
410 
Charge for the year
211 
561 
115 
887 
At 31 July 2023
317 
865 
115 
1,297 
Net book value
At 31 July 2023
1,350 
4,042 
1,662 
7,054 
At 31 July 2022
741 
2,019 
- 
2,760 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
13,450 
6 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,229 
1,925 
Taxes and social security
2,500 
4,909 
Other creditors
75 
- 
Loans from directors
- 
5,319 
Accruals
1,272 
230 
7,076 
12,383 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mrs Lisa Hellier
Loan advance
(5,319)
30,199 
11,667 
13,213 
(5,319)
30,199 
11,667 
13,213 
Interest is charged at the rate of 2% on the loan amount advanced. There are no terms of repayment.
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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