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REGISTERED NUMBER: 04910866 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

ADD Loop Cutting Services Limited

ADD Loop Cutting Services Limited (Registered number: 04910866)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADD Loop Cutting Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs B Fitzgibbon
D Fitzgibbon
D Fitzgibbon





SECRETARY: Mrs B Fitzgibbon





REGISTERED OFFICE: 1 Rowlands View
Utkinton
Cheshire
CW6 0LN





REGISTERED NUMBER: 04910866 (England and Wales)





ACCOUNTANTS: Stuart Gordon Chartered Accountant
1 Rowlands View
Utkinton
Cheshire
CW6 0LN

ADD Loop Cutting Services Limited (Registered number: 04910866)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,405 11,064

CURRENT ASSETS
Stocks 14,903 12,690
Debtors 5 104,935 45,366
Cash at bank 75,417 75,249
195,255 133,305
CREDITORS
Amounts falling due within one year 6 133,800 124,426
NET CURRENT ASSETS 61,455 8,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,860

19,943

PROVISIONS FOR LIABILITIES 3,307 2,102
NET ASSETS 75,553 17,841

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 75,453 17,741
75,553 17,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

ADD Loop Cutting Services Limited (Registered number: 04910866)

Balance Sheet - continued
31 March 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 25 September 2024 and were signed on its behalf by:





Mrs B Fitzgibbon - Director


ADD Loop Cutting Services Limited (Registered number: 04910866)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

ADD Loop Cutting Services 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ADD Loop Cutting Services Limited (Registered number: 04910866)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme 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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 - 211,745 211,745
Additions - 11,513 11,513
At 31 March 2024 - 223,258 223,258
DEPRECIATION
At 1 April 2023 3,023 197,658 200,681
Charge for year - 8,195 8,195
Eliminated on disposal (3,023 ) - (3,023 )
At 31 March 2024 - 205,853 205,853
NET BOOK VALUE
At 31 March 2024 - 17,405 17,405
At 31 March 2023 (3,023 ) 14,087 11,064

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 91,950 45,366
Other debtors 12,985 -
104,935 45,366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 17,928 33,556
Taxation and social security 20,647 (2,060 )
Other creditors 95,225 92,930
133,800 124,426

ADD Loop Cutting Services Limited (Registered number: 04910866)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mrs B Fitzgibbon
Balance outstanding at start of year (89,680 ) (84,555 )
Amounts advanced - (5,125 )
Amounts repaid (2,145 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (91,825 ) (89,680 )