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REGISTERED NUMBER: 07237473 (England and Wales)















CUTTING MEDIA LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






CUTTING MEDIA LIMITED (REGISTERED NUMBER: 07237473)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CUTTING MEDIA LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTORS: D S Hipkiss
C E Hipkiss





SECRETARY: C E Hipkiss





REGISTERED OFFICE: B1 Vantage Business Park
Old Gloucester Road
Hambrook
Bristol
BS16 1GW





REGISTERED NUMBER: 07237473 (England and Wales)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

CUTTING MEDIA LIMITED (REGISTERED NUMBER: 07237473)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,701 4,711

CURRENT ASSETS
Debtors 5 3,968 393
Cash at bank 53,879 43,430
57,847 43,823
CREDITORS
Amounts falling due within one year 6 56,602 36,173
NET CURRENT ASSETS 1,245 7,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,946

12,361

PROVISIONS FOR LIABILITIES 703 1,178
NET ASSETS 4,243 11,183

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,143 11,083
SHAREHOLDERS' FUNDS 4,243 11,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

CUTTING MEDIA LIMITED (REGISTERED NUMBER: 07237473)

BALANCE SHEET - continued
30 April 2024


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 August 2024 and were signed on its behalf by:




C E Hipkiss - Director



D S Hipkiss - Director


CUTTING MEDIA LIMITED (REGISTERED NUMBER: 07237473)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Cutting Media 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.

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 services provided in the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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.

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.

Pension costs and other post-retirement benefits
The company makes contributions to the directors' personal pension schemes. Contributions payable to the directors' pension schemes are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CUTTING MEDIA LIMITED (REGISTERED NUMBER: 07237473)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 10,526
Disposals (319 )
At 30 April 2024 10,207
DEPRECIATION
At 1 May 2023 5,815
Charge for year 926
Eliminated on disposal (235 )
At 30 April 2024 6,506
NET BOOK VALUE
At 30 April 2024 3,701
At 30 April 2023 4,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 3,863 288
Other debtors 105 105
3,968 393

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 11,572 14,501
Other creditors 45,030 21,672
56,602 36,173