1 April 2023 false No description of principal activity Taxfiler 2024.5 06547472business:PrivateLimitedCompanyLtd2023-04-012024-03-31 065474722023-03-31 065474722023-04-012024-03-31 06547472business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 06547472business:FilletedAccounts2023-04-012024-03-31 065474722024-03-31 06547472business:Director12023-04-012024-03-31 06547472business:RegisteredOffice2023-04-012024-03-31 065474722023-03-31 06547472core:WithinOneYear2024-03-31 06547472core:WithinOneYear2023-03-31 06547472core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 06547472core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 06547472core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 06547472core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 06547472core:PreviouslyStatedAmount2024-03-31 06547472core:PreviouslyStatedAmount2023-03-31 06547472business:SmallEntities2023-04-012024-03-31 06547472countries:EnglandWales2023-04-012024-03-31 06547472core:FurnitureFittings2023-04-012024-03-31 06547472core:ComputerEquipment2023-04-012024-03-31 06547472core:FurnitureFittings2023-03-31 06547472core:ComputerEquipment2023-03-31 06547472core:FurnitureFittings2024-03-31 06547472core:ComputerEquipment2024-03-31 065474722022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 06547472 (England and Wales)
Cutebitz Limited Unaudited accounts for the year ended 31 March 2024
Cutebitz Limited Unaudited accounts Contents
Page
- 2 -
Cutebitz Limited Company Information for the year ended 31 March 2024
Director
ALISTAIR FARZAD
Company Number
06547472 (England and Wales)
Registered Office
1 Perry Lodge Tismans Common Rudgwick Horsham West Sussex RH12 3DY England
- 3 -
Cutebitz Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
473 
942 
Current assets
Inventories
49,750 
130,328 
Debtors
956,223 
665,520 
Cash at bank and in hand
20,664 
260,402 
1,026,637 
1,056,250 
Creditors: amounts falling due within one year
(59,369)
(86,550)
Net current assets
967,268 
969,700 
Net assets
967,741 
970,642 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
967,641 
970,542 
Shareholders' funds
967,741 
970,642 
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 2 September 2024 and were signed on its behalf by
ALISTAIR FARZAD Director Company Registration No. 06547472
- 4 -
Cutebitz Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Cutebitz Limited is a private company, limited by shares, registered in England and Wales, registration number 06547472. The registered office is 1 Perry Lodge, Tismans Common Rudgwick, Horsham, West Sussex, RH12 3DY, England.
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
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
Fixtures & fittings
25%
Computer equipment
33%
- 5 -
Cutebitz Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
6,200 
2,069 
8,269 
At 31 March 2024
6,200 
2,069 
8,269 
Depreciation
At 1 April 2023
6,199 
1,128 
7,327 
Charge for the year
- 
469 
469 
At 31 March 2024
6,199 
1,597 
7,796 
Net book value
At 31 March 2024
1 
472 
473 
At 31 March 2023
1 
941 
942 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,409 
8,706 
Accrued income and prepayments
6,638 
6,638 
Other debtors
925,176 
650,176 
956,223 
665,520 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
31,464 
28,147 
Taxes and social security
12,616 
48,008 
Loans from directors
2,533 
5,109 
Accruals
12,756 
5,286 
59,369 
86,550 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -