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REGISTERED NUMBER: 08596072 (England and Wales)















THE CUTTER FILMS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






THE CUTTER FILMS LTD (REGISTERED NUMBER: 08596072)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE CUTTER FILMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: P L Brzeski
L N Brzeski





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 08596072 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

THE CUTTER FILMS LTD (REGISTERED NUMBER: 08596072)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,332 6,863

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 5 23,514 29,360
Cash at bank 68 -
43,582 49,360
CREDITORS
Amounts falling due within one year 6 (36,889 ) (38,353 )
NET CURRENT ASSETS 6,693 11,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,025

17,870

CREDITORS
Amounts falling due after more than one year 7 (11,249 ) (16,547 )
NET ASSETS 776 1,323

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 676 1,223
SHAREHOLDERS' FUNDS 776 1,323

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 directors acknowledge their 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 CUTTER FILMS LTD (REGISTERED NUMBER: 08596072)

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2025 and were signed on its behalf by:




L N Brzeski - Director



P L Brzeski - Director


THE CUTTER FILMS LTD (REGISTERED NUMBER: 08596072)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

The Cutter Films Ltd 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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

THE CUTTER FILMS LTD (REGISTERED NUMBER: 08596072)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and Fixture & Motor Computer
machinery Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023
and 31 July 2024 8,045 1,330 9,163 2,387 20,925
DEPRECIATION
At 1 August 2023 7,040 585 5,297 1,143 14,065
Charge for year 251 - 966 311 1,528
At 31 July 2024 7,291 585 6,263 1,454 15,593
NET BOOK VALUE
At 31 July 2024 754 745 2,900 933 5,332
At 31 July 2023 1,005 745 3,866 1,244 6,860

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,800 24,396
Directors' current accounts 18,714 4,964
23,514 29,360

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,199 8,236
Corporation Tax 10,860 15,744
VAT 7,092 11,969
Sundry creditors 8,334 -
Accrued expenses 2,404 2,404
36,889 38,353

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
HMRC BBL 11,249 16,547