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REGISTERED NUMBER: 03742114 (England and Wales)







Unaudited Financial Statements for the Year Ended 30 April 2024

for

Cad Cut Limited

Cad Cut Limited (Registered number: 03742114)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cad Cut Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr G D Saunders
Mr A T Ford
Mrs N Saunders
Ms R Ford





SECRETARY: Mr A T Ford





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 03742114 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Cad Cut Limited (Registered number: 03742114)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,299 3,000
Tangible assets 5 37,385 47,035
39,684 50,035

CURRENT ASSETS
Stocks 6 30,000 22,500
Debtors 7 146,386 186,069
Cash at bank and in hand 112,837 152,537
289,223 361,106
CREDITORS
Amounts falling due within one year 8 105,717 163,729
NET CURRENT ASSETS 183,506 197,377
TOTAL ASSETS LESS CURRENT LIABILITIES 223,190 247,412

CREDITORS
Amounts falling due after more than one year 9 (12,500 ) (22,500 )

PROVISIONS FOR LIABILITIES (6,943 ) (8,889 )
NET ASSETS 203,747 216,023

CAPITAL AND RESERVES
Called up share capital 11 2,000 2,000
Retained earnings 12 201,747 214,023
SHAREHOLDERS' FUNDS 203,747 216,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 Board of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by:



Mr G D Saunders - Director


Cad Cut Limited (Registered number: 03742114)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Cad Cut 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Cad Cut Limited (Registered number: 03742114)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023 4,000
Additions 875
At 30 April 2024 4,875
AMORTISATION
At 1 May 2023 1,000
Charge for year 1,576
At 30 April 2024 2,576
NET BOOK VALUE
At 30 April 2024 2,299
At 30 April 2023 3,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 3,089 255,612 3,866
Additions - - 375
At 30 April 2024 3,089 255,612 4,241
DEPRECIATION
At 1 May 2023 3,089 213,083 3,050
Charge for year - 8,890 290
At 30 April 2024 3,089 221,973 3,340
NET BOOK VALUE
At 30 April 2024 - 33,639 901
At 30 April 2023 - 42,529 816

Cad Cut Limited (Registered number: 03742114)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 15,990 14,440 292,997
Additions - 375 750
At 30 April 2024 15,990 14,815 293,747
DEPRECIATION
At 1 May 2023 15,241 11,499 245,962
Charge for year 187 1,033 10,400
At 30 April 2024 15,428 12,532 256,362
NET BOOK VALUE
At 30 April 2024 562 2,283 37,385
At 30 April 2023 749 2,941 47,035

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST
At 1 May 2023 874
Transfer to ownership (874 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 288
Charge for year 194
Transfer to ownership (482 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 586

6. STOCKS
30.4.24 30.4.23
£    £   
Stocks 30,000 22,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 143,068 184,439
Prepayments 3,318 1,630
146,386 186,069

Cad Cut Limited (Registered number: 03742114)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 10) - 350
Trade creditors 51,997 95,933
Tax 13,009 36,669
Social security and other taxes 1,744 (10,993 )
VAT 14,974 16,351
Other creditors 909 547
Directors' current accounts 11,004 11,704
Accrued expenses 2,080 3,168
105,717 163,729

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 2,500 12,500
12,500 22,500

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year - 350

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary A £1 1,000 1,000
1,000 Ordinary B £1 1,000 1,000
2,000 2,000

12. RESERVES
Retained
earnings
£   

At 1 May 2023 214,023
Profit for the year 80,524
Dividends (92,800 )
At 30 April 2024 201,747