Company registration number SC102807 (Scotland)
A CUT ABOVE (AYR) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
A CUT ABOVE (AYR) LIMITED
COMPANY INFORMATION
Director
Mr J Mills
Company number
SC102807
Registered office
63 Kyle Street
Ayr
KA7 1RS
Accountants
Smith & Wallace Limited
1 Simonsburn Road
Kilmarnock
KA1 5LA
A CUT ABOVE (AYR) LIMITED
CONTENTS
Page
Accountants' report
1
Profit and loss account
2
Balance sheet and notes to the financial statements
3 - 4
A CUT ABOVE (AYR) LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF A CUT ABOVE (AYR) LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A Cut Above (Ayr) Limited for the year ended 29 February 2024, which comprise the profit and loss account and the balance sheet, from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the board of directors of A Cut Above (Ayr) Limited, as a body, in accordance with the terms of our engagement letter dated 27 August 2024. Our work has been undertaken solely to prepare for your approval the financial statements of A Cut Above (Ayr) Limited and state those matters that we have agreed to state to the board of directors of A Cut Above (Ayr) Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A Cut Above (Ayr) Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that A Cut Above (Ayr) Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that A Cut Above (Ayr) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A Cut Above (Ayr) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Smith & Wallace Limited
23 October 2024
Chartered Accountants
1 Simonsburn Road
Kilmarnock
KA1 5LA
A CUT ABOVE (AYR) LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 2 -
2024
2023
£
£
Turnover
25,144
25,230
Other income
272
3,066
Staff costs
(6,000)
(6,287)
Depreciation and other amounts written off assets
(1,242)
(1,351)
Other charges
(15,760)
(18,499)
Tax
(695)
(737)
Profit
1,719
1,422
A CUT ABOVE (AYR) LIMITED
BALANCE SHEET
AS AT 29 FEBRUARY 2024
29 February 2024
- 3 -
29 February 2024
28 February 2023
£
£
£
£
Fixed assets
82,392
83,634
Current assets
27,476
32,330
Prepayments and accrued income
383
383
Creditors: amounts falling due within one year
(31,376)
(38,191)
Net current liabilities
(3,517)
(5,478)
Total assets less current liabilities
78,875
78,156
Net assets
78,875
78,156
Capital and reserves
78,875
78,156
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
1
1

A Cut Above (Ayr) Limited is a private company limited by shares incorporated in Scotland. The registered office is 63 Kyle Street, Ayr, KA7 1RS.

For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the provisions applicable to companies subject to the small companies regime.

A CUT ABOVE (AYR) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024
29 February 2024
- 4 -
The financial statements were approved and signed by the director and authorised for issue on 23 October 2024
Mr J Mills
Director
Company registration number SC102807 (Scotland)
A CUT ABOVE (AYR) LIMITED
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024
A CUT ABOVE (AYR) LIMITED
SCHEDULES TO THE PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 29 FEBRUARY 2024
2024
2023
£
£
Administrative expenses
Wages and salaries
-
2,287
Directors' pension costs - defined contribution scheme
6,000
4,000
Rent, rates and insurance
9,591
8,350
Repairs and renewals
1,306
4,699
Computer running costs
110
-
Lease of equipment
-
213
Accountancy
3,493
4,093
Bank charges
82
91
Advertising
-
201
Telephone
320
384
Entertaining
-
368
Sundry expenses
714
100
Depreciation
1,242
1,351
22,858
26,137
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