IRIS Accounts Production v24.1.9.2 04947625 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049476252023-03-31049476252024-03-31049476252023-04-012024-03-31049476252022-03-31049476252022-04-012023-03-31049476252023-03-3104947625ns15:EnglandWales2023-04-012024-03-3104947625ns14:PoundSterling2023-04-012024-03-3104947625ns10:Director12023-04-012024-03-3104947625ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104947625ns10:SmallEntities2023-04-012024-03-3104947625ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104947625ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104947625ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104947625ns10:FullAccounts2023-04-012024-03-310494762512023-04-012024-03-3104947625ns10:Director22023-04-012024-03-3104947625ns10:Director32023-04-012024-03-3104947625ns10:CompanySecretary12023-04-012024-03-3104947625ns10:RegisteredOffice2023-04-012024-03-3104947625ns5:CurrentFinancialInstruments2023-03-3104947625ns5:CurrentFinancialInstruments2024-03-3104947625ns5:Non-currentFinancialInstruments2023-03-3104947625ns5:Non-currentFinancialInstruments2024-03-3104947625ns5:ShareCapital2023-03-3104947625ns5:ShareCapital2024-03-3104947625ns5:RetainedEarningsAccumulatedLosses2023-03-3104947625ns5:RetainedEarningsAccumulatedLosses2024-03-3104947625ns5:NetGoodwill2023-04-012024-03-3104947625ns5:FurnitureFittings2023-04-012024-03-3104947625ns5:NetGoodwill2023-03-3104947625ns5:NetGoodwill2024-03-3104947625ns5:NetGoodwill2023-03-3104947625ns5:FurnitureFittings2023-03-3104947625ns5:FurnitureFittings2024-03-3104947625ns5:FurnitureFittings2023-03-3104947625ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104947625ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 04947625 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JULIAN CUTTER LIMITED

JULIAN CUTTER LIMITED (REGISTERED NUMBER: 04947625)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JULIAN CUTTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J M Cutter
Mrs S E Cutter
J C Cutter





SECRETARY: Mrs S E Cutter





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 04947625 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

JULIAN CUTTER LIMITED (REGISTERED NUMBER: 04947625)

BALANCE SHEET
31 MARCH 2024

31.3.23 31.3.24
£    £    Notes £    £   
FIXED ASSETS
8,966 Intangible assets 4 6,466
1,129 Tangible assets 5 844
10,095 7,310

CURRENT ASSETS
950 Stocks 950
2,902 Debtors 6 2,310
3,264 Cash at bank and in hand 8,756
7,116 12,016
CREDITORS
20,953 Amounts falling due within one year 7 31,984
(13,837 ) NET CURRENT LIABILITIES (19,968 )
(3,742 ) TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,658

)

CREDITORS
(32,511 ) Amounts falling due after more than one
year

8

(27,479

)

(214 ) PROVISIONS FOR LIABILITIES (159 )
(36,467 ) NET LIABILITIES (40,296 )

JULIAN CUTTER LIMITED (REGISTERED NUMBER: 04947625)

BALANCE SHEET - continued
31 MARCH 2024

31.3.23 31.3.24
£    £    Notes £    £   
CAPITAL AND RESERVES
2 Called up share capital 2
(36,469 ) Retained earnings (40,298 )
(36,467 ) SHAREHOLDERS' FUNDS (40,296 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Board of Directors and authorised for issue on 27 June 2024 and were signed on its behalf by:





J M Cutter - Director


JULIAN CUTTER LIMITED (REGISTERED NUMBER: 04947625)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Julian Cutter 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the value of chair rents received, and work undertaken by employees.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2003 , is being amortised evenly over its estimated useful life of ten years.

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 - 25% on reducing balance

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 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 balance sheet date.


JULIAN CUTTER LIMITED (REGISTERED NUMBER: 04947625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts..

Going concern
The Directors have considered the financial position of the Company and its ability to continue to trade having regard to the insolvent balance sheet as at 31st March 2023. Due to continued financial support from the Directors it is considered that the Company will continue as a going concern for at least the next twelve months.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 25,000
AMORTISATION
At 1 April 2023 16,034
Charge for year 2,500
At 31 March 2024 18,534
NET BOOK VALUE
At 31 March 2024 6,466
At 31 March 2023 8,966

JULIAN CUTTER LIMITED (REGISTERED NUMBER: 04947625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 27,092
DEPRECIATION
At 1 April 2023 25,963
Charge for year 285
At 31 March 2024 26,248
NET BOOK VALUE
At 31 March 2024 844
At 31 March 2023 1,129

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 2,310 2,902

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,890 4,650
Amounts owed to associates - 1,044
Other creditors 27,094 15,259
31,984 20,953

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 27,479 32,511