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Registered Number: 09987261
England and Wales

 

 

 

LATEST CUT LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Director Kevin Ian Austin
Registered Number 09987261
Registered Office 7 Bell Yard
London
WC2A 2JR
Accountants Worth Knowing Accountants Ltd
7 Bell Yard
London
England
WC2A 2JR
1
  2024   2023
    £ £   £ £
Fixed assets   539      982 
Current assets 14,102      8,929   
Creditors: amount falling due within one year (14,442)     (9,404)  
Net current assets   (340)     (475)
Total assets less current liabilities   199      507 
Provisions for liabilities       (186)
Net assets   199      321 
 

         
Capital and reserves   199      321 
 
NOTES TO THE ACCOUNTS

General Information
Latest Cut Limited is a private company, limited by shares, registered in England and Wales, registration number 09987261, registration address 7 Bell Yard, London, WC2A 2JR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33 % Straight Line
2.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 March 2023 1,589    806    2,395 
Additions    
Disposals    
At 29 February 2024 1,589    806    2,395 
Depreciation
At 01 March 2023 881    532    1,413 
Charge for year 177    266    443 
On disposals    
At 29 February 2024 1,058    798    1,856 
Net book values
Closing balance as at 29 February 2024 531    8    539 
Opening balance as at 01 March 2023 708    274    982 


3.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).


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.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 15 November 2024 and were signed by:


--------------------------------
Kevin Ian Austin
Director
2