Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2022 1 May 2021 false 1 May 2022 31 October 2023 31 October 2023 11293477 Mr Callum Kingdon Mr Michael Kingdon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11293477 2022-04-30 11293477 2023-10-31 11293477 2022-05-01 2023-10-31 11293477 frs-core:CurrentFinancialInstruments 2023-10-31 11293477 frs-core:FurnitureFittings 2023-10-31 11293477 frs-core:FurnitureFittings 2022-05-01 2023-10-31 11293477 frs-core:FurnitureFittings 2022-04-30 11293477 frs-core:NetGoodwill 2023-10-31 11293477 frs-core:NetGoodwill 2022-05-01 2023-10-31 11293477 frs-core:NetGoodwill 2022-04-30 11293477 frs-core:PlantMachinery 2023-10-31 11293477 frs-core:PlantMachinery 2022-05-01 2023-10-31 11293477 frs-core:PlantMachinery 2022-04-30 11293477 frs-core:ShareCapital 2023-10-31 11293477 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11293477 frs-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-10-31 11293477 frs-bus:FilletedAccounts 2022-05-01 2023-10-31 11293477 frs-bus:SmallEntities 2022-05-01 2023-10-31 11293477 frs-bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-10-31 11293477 frs-bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-10-31 11293477 frs-bus:Director1 2022-05-01 2023-10-31 11293477 frs-bus:Director2 2022-05-01 2023-10-31 11293477 frs-countries:EnglandWales 2022-05-01 2023-10-31 11293477 2021-04-30 11293477 2022-04-30 11293477 2021-05-01 2022-04-30 11293477 frs-core:CurrentFinancialInstruments 2022-04-30 11293477 frs-core:ShareCapital 2022-04-30 11293477 frs-core:RetainedEarningsAccumulatedLosses 2022-04-30
Registered number: 11293477
Cutting Edge (Nailsea) Limited
Unaudited Financial Statements
For the Period 1 May 2022 to 31 October 2023
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 11293477
31 October 2023 30 April 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 6 5,000 5,000
Cash at bank and in hand 1,604 5,053
6,604 10,053
Creditors: Amounts Falling Due Within One Year 7 (19,354 ) (18,986 )
NET CURRENT ASSETS (LIABILITIES) (12,750 ) (8,933 )
TOTAL ASSETS LESS CURRENT LIABILITIES (12,750 ) (8,933 )
NET LIABILITIES (12,750 ) (8,933 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement (12,850 ) (9,033 )
SHAREHOLDERS' FUNDS (12,750) (8,933)
For the period ending 31 October 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.
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 Income Statement.
On behalf of the board
Mr Callum Kingdon
Director
Mr Michael Kingdon
Director
30/10/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Cutting Edge (Nailsea) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11293477 . The registered office is Unit 5 Honeyfield Business Park, Hartcliffe Way, Bristol, BS3 5RN.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 4 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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 25% Straight Line
Fixtures & Fittings 25% Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2022: 2)
3 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2022 2,500
As at 31 October 2023 2,500
Amortisation
As at 1 May 2022 2,500
As at 31 October 2023 2,500
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 October 2023 -
As at 1 May 2022 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2022 5,000 5,000 10,000
As at 31 October 2023 5,000 5,000 10,000
Depreciation
As at 1 May 2022 5,000 5,000 10,000
As at 31 October 2023 5,000 5,000 10,000
Net Book Value
As at 31 October 2023 - - -
As at 1 May 2022 - - -
6. Stocks
31 October 2023 30 April 2022
£ £
Stock 5,000 5,000
7. Creditors: Amounts Falling Due Within One Year
31 October 2023 30 April 2022
£ £
Other taxes and social security 2,094 1,259
Accruals and deferred income 2,160 1,440
Directors' loan accounts 15,100 16,287
19,354 18,986
8. Share Capital
31 October 2023 30 April 2022
£ £
Allotted, Called up and fully paid 100 100
Page 3