EZ CUTTZ LIMITED

Company Registration Number:
11190286 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

EZ CUTTZ LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

EZ CUTTZ LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 9,300 5,300
Total fixed assets: 9,300 5,300
Current assets
Stocks: 3,751
Debtors: 4 371 255
Cash at bank and in hand: 12,290 24,099
Total current assets: 16,412 24,354
Creditors: amounts falling due within one year: 5 (910) (891)
Net current assets (liabilities): 15,502 23,463
Total assets less current liabilities: 24,802 28,763
Creditors: amounts falling due after more than one year: 6 (16,030) (20,650)
Total net assets (liabilities): 8,772 8,113
Capital and reserves
Called up share capital: 100 100
Other reserves: 3,881 3,561
Profit and loss account: 4,791 4,452
Shareholders funds: 8,772 8,113

The notes form part of these financial statements

EZ CUTTZ LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 August 2024
and signed on behalf of the board by:

Name: FORD, Ezra Joseph James
Status: Director

The notes form part of these financial statements

EZ CUTTZ LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

EZ Cuttz limited hereinafter referred to as the Company is registered with companies house with registration no 11190286 With Mr FORD, Ezra Joseph James as the Sole director. The Company provides services through its director to its customer for haircut and hair treatment. These financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards the preparation of financial statements in conformity with FRS requires management for small companies

EZ CUTTZ LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 6 6

The Director have staff that worked on zero hour on a flexible term and paid based on the hours worked. The wages paid to them is shown. The Employee are not directly employed by the business and will make arrangement to pay their own tax. This has been agreed. All the workers have provided evidence of self-assessment registration.

EZ CUTTZ LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 8,187
Additions 4,711
At 28 February 2024 12,898
Depreciation
At 01 March 2023 2,887
Charge for year 711
At 28 February 2024 3,598
Net book value
At 28 February 2024 9,300
At 28 February 2023 5,300

This is the value as at year end. Property, plant and equipment (PPE) are the long-term tangible assets that are shown on the balance sheet of the company. The company recognizes an asset as an item of PPE when the asset has a useful life for more than one year and it is used for production or supply of goods or services, for rental to others, or for administrative purposes. Property, plant and equipment include land, building, machinery, vehicles, office equipment and furniture, etc. The company records an item of property, plant and equipment initially at its cost in the accounting record. It includes all costs that necessary to bring the asset to the working condition that it can be used as intended. The cost of an item of PPE includes purchased price, import duties, and the costs to get assets to the location and condition ready to use such as transportation and installation cost, etc

EZ CUTTZ LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 371 255

The debt has been deducted before arriving at the directors wages Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at the amortised cost determined using the effective interest method, less any impairment losses for bad and doudtful debts

EZ CUTTZ LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Creditors: amounts falling due within one year note

The tax is shown in the figure for taxation. The bank loan is the balance outstanding at the year year. Provision has been made to pay the tax due. The bank bounce loan is repaid monthly as a direct debit. The company has no major concern to continue to repay creditors as agreed. Cash flow is not affected due to servicing of the debt and paying taxation.

EZ CUTTZ LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Creditors: amounts falling due after more than one year note

The loan have been reinvested into the business. The director has started repaying the loan and has made 15 repayment to year end.The director has used the loan to fund expansion of the business. hort term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and Subsequently measured at amortised cost determined using the effective interest method. he bank bounce loan is repaid monthly as a direct debit. The company has no major concern to continue to repay creditors as agreed. Cash flow is not affected due to servicing of the debt