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REGISTERED NUMBER: 09063169 (England and Wales)















Financial Statements for the Year Ended 30 May 2024

for

A Cut Above (Surrey) Limited

A Cut Above (Surrey) Limited (Registered number: 09063169)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A Cut Above (Surrey) Limited

Company Information
for the Year Ended 30 May 2024







DIRECTOR: A Phipps





REGISTERED OFFICE: 238 Station Road
Addlestone
Surrey
KT15 2PS





REGISTERED NUMBER: 09063169 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

A Cut Above (Surrey) Limited (Registered number: 09063169)

Balance Sheet
30 May 2024

30.5.24 30.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 381,905 239,991

CURRENT ASSETS
Debtors 5 120,107 81,375
Cash at bank 34,378 10,333
154,485 91,708
CREDITORS
Amounts falling due within one year 6 (215,746 ) (227,775 )
NET CURRENT LIABILITIES (61,261 ) (136,067 )
TOTAL ASSETS LESS CURRENT LIABILITIES 320,644 103,924

CREDITORS
Amounts falling due after more than one
year

7

(134,187

)

(57,667

)

PROVISIONS FOR LIABILITIES (100,330 ) (45,313 )
NET ASSETS 86,127 944

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 86,125 942
86,127 944

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 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.

A Cut Above (Surrey) Limited (Registered number: 09063169)

Balance Sheet - continued
30 May 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 12 February 2025 and were signed by:





A Phipps - Director


A Cut Above (Surrey) Limited (Registered number: 09063169)

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


1. STATUTORY INFORMATION

A Cut Above (Surrey) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 25% on reducing balance

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.

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.

A Cut Above (Surrey) Limited (Registered number: 09063169)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 31 May 2023 302,547 28,466 331,013
Additions 234,736 5,033 239,769
Disposals (27,000 ) - (27,000 )
At 30 May 2024 510,283 33,499 543,782
DEPRECIATION
At 31 May 2023 78,834 12,188 91,022
Charge for year 74,593 2,465 77,058
Eliminated on disposal (6,203 ) - (6,203 )
At 30 May 2024 147,224 14,653 161,877
NET BOOK VALUE
At 30 May 2024 363,059 18,846 381,905
At 30 May 2023 223,713 16,278 239,991

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 31 May 2023 126,350 9,999 136,349
Additions 187,428 - 187,428
Transfer to ownership (61,350 ) - (61,350 )
At 30 May 2024 252,428 9,999 262,427
DEPRECIATION
At 31 May 2023 27,247 - 27,247
Charge for year 55,385 - 55,385
Transfer to ownership (12,348 ) - (12,348 )
At 30 May 2024 70,284 - 70,284
NET BOOK VALUE
At 30 May 2024 182,144 9,999 192,143
At 30 May 2023 99,103 9,999 109,102

A Cut Above (Surrey) Limited (Registered number: 09063169)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 30.5.23
£    £   
Trade debtors 89,416 69,952
Other debtors 30,691 7,831
Directors' current accounts - 3,592
120,107 81,375

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 30.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts and finance leases 59,591 30,175
Tax 28,521 24,940
Social security and other taxes 48,483 77,265
VAT 64,023 81,565
Other creditors 2,398 1,190
Directors' current accounts 90 -
Accrued expenses 2,640 2,640
215,746 227,775

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.5.24 30.5.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 702 11,634
Hire purchase contracts and finance leases 123,485 36,033
134,187 57,667