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REGISTERED NUMBER: 13940945 (England and Wales)




















CLEAR CUT LASER ENGINEERING LIMITED

Unaudited Financial Statements

for the Year Ended 29 February 2024






CLEAR CUT LASER ENGINEERING LIMITED (REGISTERED NUMBER: 13940945)






Contents of the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLEAR CUT LASER ENGINEERING LIMITED

Company Information
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr R J Marshall





REGISTERED OFFICE: Units 1 & 3 Overman Way
Agecroft Commerce Park
Swinton
Manchester
M27 8BQ





REGISTERED NUMBER: 13940945 (England and Wales)





ACCOUNTANTS: SCCA Limited T/a Stafford & Co
Chartered Accountants
3 The Studios
320 Chorley Old Road
Bolton
Lancashire
BL1 4JU

CLEAR CUT LASER ENGINEERING LIMITED (REGISTERED NUMBER: 13940945)

Balance Sheet
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 372,800 490,600
Investments 5 100 100
372,900 490,700

CURRENT ASSETS
Stocks 42,000 30,000
Debtors 6 556,636 493,439
Cash at bank 5,710 14,204
604,346 537,643
CREDITORS
Amounts falling due within one year 7 1,049,186 1,110,186
NET CURRENT LIABILITIES (444,840 ) (572,543 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(71,940

)

(81,843

)

CREDITORS
Amounts falling due after more than one
year

8

218,734

-
NET LIABILITIES (290,674 ) (81,843 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (290,774 ) (81,943 )
(290,674 ) (81,843 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CLEAR CUT LASER ENGINEERING LIMITED (REGISTERED NUMBER: 13940945)

Balance Sheet - continued
29 FEBRUARY 2024


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

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 30 November 2024 and were signed by:





Mr R J Marshall - Director


CLEAR CUT LASER ENGINEERING LIMITED (REGISTERED NUMBER: 13940945)

Notes to the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Clear Cut Laser Engineering 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.

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.

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.
Plant and machinery etc - 20% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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 7 (2023 - NIL ) .

CLEAR CUT LASER ENGINEERING LIMITED (REGISTERED NUMBER: 13940945)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 589,000
DEPRECIATION
At 1 March 2023 98,400
Charge for year 117,800
At 29 February 2024 216,200
NET BOOK VALUE
At 29 February 2024 372,800
At 28 February 2023 490,600

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 100
NET BOOK VALUE
At 29 February 2024 100
At 28 February 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 157,025 262,911
Amounts owed by group undertakings 397,847 228,354
Other debtors 1,764 2,174
556,636 493,439

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 112,833 -
Trade creditors 45,317 487,313
Taxation and social security 26,471 -
Other creditors 864,565 622,873
1,049,186 1,110,186

CLEAR CUT LASER ENGINEERING LIMITED (REGISTERED NUMBER: 13940945)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 218,734 -

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R J Marshall.