Company Registration No. 13090185 (England and Wales)
Cutright Ltd
Unaudited accounts
for the year ended 31 December 2023
Cutright Ltd
Unaudited accounts
Contents
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
Cutright Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
24,750
26,500
Tangible assets
11,275
14,350
Cash at bank and in hand
867
9,511
Creditors: amounts falling due within one year
(29,494)
(49,335)
Net current liabilities
(27,372)
(38,499)
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
Cutright Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 December 2023
30,000
At 31 December 2023
24,750
At 31 December 2022
26,500
Cutright Ltd
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery
At 31 December 2023
20,500
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
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
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).