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REGISTERED NUMBER: 05500531 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

The Cutting Crew (Harbourne) Limited

The Cutting Crew (Harbourne) Limited (Registered number: 05500531)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


The Cutting Crew (Harbourne) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mrs. D Steward



SECRETARY: Lewis Smith & Co. Limited



REGISTERED OFFICE: 189 High Street
Harborne
Birmingham
West Midlands
B17 9QG



REGISTERED NUMBER: 05500531 (England and Wales)



BANKERS: The Co-operative Bank Plc
PO Box 250
Delf House
Skelmerdale
WN8 6WT

The Cutting Crew (Harbourne) Limited (Registered number: 05500531)

Abridged Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,828 5,005

CURRENT ASSETS
Stocks 2,200 2,200
Debtors 2,917 2,917
Cash at bank and in hand 20,235 22,288
25,352 27,405
CREDITORS
Amounts falling due within one year 15,524 16,836
NET CURRENT ASSETS 9,828 10,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,656

15,574

PROVISIONS FOR LIABILITIES 1,134 522
NET ASSETS 14,522 15,052

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 14,521 15,051
SHAREHOLDERS' FUNDS 14,522 15,052

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The Cutting Crew (Harbourne) Limited (Registered number: 05500531)

Abridged Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2024 and were signed by:





Mrs. D Steward - Director


The Cutting Crew (Harbourne) Limited (Registered number: 05500531)

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

1. STATUTORY INFORMATION

The Cutting Crew (Harbourne) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis.

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.
Improvements to property - 10% on cost
Fixtures and fittings - 10% 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.

The Cutting Crew (Harbourne) Limited (Registered number: 05500531)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 51,108
Additions 2,180
Disposals (203 )
At 31 July 2024 53,085
DEPRECIATION
At 1 August 2023 46,103
Charge for year 1,195
Eliminated on disposal (41 )
At 31 July 2024 47,257
NET BOOK VALUE
At 31 July 2024 5,828
At 31 July 2023 5,005

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.24 31.7.23
£    £   
Within one year 17,500 17,500
Between one and five years 70,000 70,000
In more than five years 52,500 70,000
140,000 157,500

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1 Ordinary £1 1 1