Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07060417 Mr Anthony Cox Mr Daniel Anthony Cox true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07060417 2023-01-31 07060417 2024-01-31 07060417 2023-02-01 2024-01-31 07060417 frs-core:CurrentFinancialInstruments 2024-01-31 07060417 frs-core:Non-currentFinancialInstruments 2024-01-31 07060417 frs-core:MotorVehicles 2024-01-31 07060417 frs-core:MotorVehicles 2023-02-01 2024-01-31 07060417 frs-core:MotorVehicles 2023-01-31 07060417 frs-core:PlantMachinery 2024-01-31 07060417 frs-core:PlantMachinery 2023-02-01 2024-01-31 07060417 frs-core:PlantMachinery 2023-01-31 07060417 frs-core:ShareCapital 2024-01-31 07060417 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07060417 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07060417 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07060417 frs-bus:SmallEntities 2023-02-01 2024-01-31 07060417 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07060417 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07060417 1 2023-02-01 2024-01-31 07060417 frs-bus:Director1 2023-02-01 2024-01-31 07060417 frs-bus:Director2 2023-02-01 2024-01-31 07060417 frs-countries:EnglandWales 2023-02-01 2024-01-31 07060417 2022-01-31 07060417 2023-01-31 07060417 2022-02-01 2023-01-31 07060417 frs-core:CurrentFinancialInstruments 2023-01-31 07060417 frs-core:Non-currentFinancialInstruments 2023-01-31 07060417 frs-core:ShareCapital 2023-01-31 07060417 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07060417
Cut In It Fine Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07060417
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 174,471 206,937
174,471 206,937
CURRENT ASSETS
Debtors 5 43,721 16,500
Cash at bank and in hand - 2,982
43,721 19,482
Creditors: Amounts Falling Due Within One Year 6 (118,646 ) (60,790 )
NET CURRENT ASSETS (LIABILITIES) (74,925 ) (41,308 )
TOTAL ASSETS LESS CURRENT LIABILITIES 99,546 165,629
Creditors: Amounts Falling Due After More Than One Year 7 (54,567 ) (99,065 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (33,373 ) (34,336 )
NET ASSETS 11,606 32,228
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 11,506 32,128
SHAREHOLDERS' FUNDS 11,606 32,228
Page 1
Page 2
For the year ending 31 January 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Anthony Cox
Director
26th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cut In It Fine Limited , registered number 07060417 is a limited by shares company incorporated in England & Wales. The Registered Office is 50 Woodgate, Leicester, LE3 5GF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 487,560 79,533 567,093
Additions 550 - 550
As at 31 January 2024 488,110 79,533 567,643
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 February 2023 299,550 60,606 360,156
Provided during the period 28,284 4,732 33,016
As at 31 January 2024 327,834 65,338 393,172
Net Book Value
As at 31 January 2024 160,276 14,195 174,471
As at 1 February 2023 188,010 18,927 206,937
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,712 13,805
Other debtors 2,345 2,695
Amounts owed by group undertakings 28,664 -
43,721 16,500
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 55,271 4,506
Bank loans and overdrafts 18,957 10,689
Corporation tax 9,327 19,574
Other taxes and social security 13,489 8,909
Other creditors 21,602 16,957
Amounts owed to group undertakings - 155
118,646 60,790
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,105 24,269
Other creditors 40,462 74,796
54,567 99,065
8. Ultimate Parent Undertaking and Controlling Party
The company's parent undertaking is CIF Holdings Limited, a company incorporated in Great Britain. The registered office address is 50 Woodgate, Leicester, LE3 5GF.
Page 4