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Company Registration No. 13090185 (England and Wales)
Cutright Ltd Unaudited accounts for the year ended 31 December 2023
Cutright Ltd Unaudited accounts Contents
Page
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Cutright Ltd Company Information for the year ended 31 December 2023
Directors
Gohar Rehman Gohar Rehman
Company Number
13090185 (England and Wales)
Registered Office
49 Head Street Colchester CO1 1NH England
Accountants
Capital Talks LLP Accountants & Tax consultants 310D - EW Sterling House Langston Road Loughton IG10 3TS
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Cutright Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
24,750 
26,500 
Tangible assets
11,275 
14,350 
36,025 
40,850 
Current assets
Inventories
1,255 
1,325 
Cash at bank and in hand
867 
9,511 
2,122 
10,836 
Creditors: amounts falling due within one year
(29,494)
(49,335)
Net current liabilities
(27,372)
(38,499)
Net assets
8,653 
2,351 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
8,652 
2,350 
Shareholders' funds
8,653 
2,351 
For the year ending 31 December 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 20 September 2024 and were signed on its behalf by
Gohar Rehman Director Company Registration No. 13090185
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Cutright Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Cutright Ltd is a private company, limited by shares, registered in England and Wales, registration number 13090185. The registered office is 49 Head Street, Colchester, CO1 1NH, 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
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
15% on cost.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
30,000 
At 31 December 2023
30,000 
Amortisation
At 1 January 2023
3,500 
Charge for the year
1,750 
At 31 December 2023
5,250 
Net book value
At 31 December 2023
24,750 
At 31 December 2022
26,500 
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Cutright Ltd Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
20,500 
At 31 December 2023
20,500 
Depreciation
At 1 January 2023
6,150 
Charge for the year
3,075 
At 31 December 2023
9,225 
Net book value
At 31 December 2023
11,275 
At 31 December 2022
14,350 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,032 
894 
Loans from directors
26,244 
47,241 
Accruals
1,218 
1,200 
29,494 
49,335 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Loans to directors
At 31 December 2023 the company owed £26,243.82 to director as a result of loans made to the company. The loans are unsecured and interest free. The Director controls the company as a result of controlling directly 100% of the issued share capital.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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