IRIS Accounts Production v24.3.2.46 08087543 director 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080875432023-05-31080875432024-05-31080875432023-06-012024-05-31080875432022-05-31080875432022-06-012023-05-31080875432023-05-3108087543ns15:EnglandWales2023-06-012024-05-3108087543ns14:PoundSterling2023-06-012024-05-3108087543ns10:Director12023-06-012024-05-3108087543ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3108087543ns10:SmallEntities2023-06-012024-05-3108087543ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3108087543ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3108087543ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3108087543ns10:FullAccounts2023-06-012024-05-3108087543ns10:OrdinaryShareClass12023-06-012024-05-3108087543ns10:RegisteredOffice2023-06-012024-05-3108087543ns5:CurrentFinancialInstruments2024-05-3108087543ns5:CurrentFinancialInstruments2023-05-3108087543ns5:Non-currentFinancialInstruments2024-05-3108087543ns5:Non-currentFinancialInstruments2023-05-3108087543ns5:ShareCapital2024-05-3108087543ns5:ShareCapital2023-05-3108087543ns5:RetainedEarningsAccumulatedLosses2024-05-3108087543ns5:RetainedEarningsAccumulatedLosses2023-05-3108087543ns5:PlantMachinery2023-05-3108087543ns5:FurnitureFittings2023-05-3108087543ns5:MotorVehicles2023-05-3108087543ns5:ComputerEquipment2023-05-3108087543ns5:PlantMachinery2023-06-012024-05-3108087543ns5:FurnitureFittings2023-06-012024-05-3108087543ns5:MotorVehicles2023-06-012024-05-3108087543ns5:ComputerEquipment2023-06-012024-05-3108087543ns5:PlantMachinery2024-05-3108087543ns5:FurnitureFittings2024-05-3108087543ns5:MotorVehicles2024-05-3108087543ns5:ComputerEquipment2024-05-3108087543ns5:PlantMachinery2023-05-3108087543ns5:FurnitureFittings2023-05-3108087543ns5:MotorVehicles2023-05-3108087543ns5:ComputerEquipment2023-05-3108087543ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3108087543ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3108087543ns10:OrdinaryShareClass12024-05-3108087543ns5:RetainedEarningsAccumulatedLosses2023-05-3108087543ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31
REGISTERED NUMBER: 08087543 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

READYCUT UK LIMITED

READYCUT UK LIMITED (REGISTERED NUMBER: 08087543)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


READYCUT UK LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr R I Brandon





REGISTERED OFFICE: 1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB





REGISTERED NUMBER: 08087543 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

READYCUT UK LIMITED (REGISTERED NUMBER: 08087543)

Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,636 14,915

CURRENT ASSETS
Debtors 5 1,800 3,587
Cash at bank 277,248 416,174
279,048 419,761
CREDITORS
Amounts falling due within one year 6 289,912 405,002
NET CURRENT (LIABILITIES)/ASSETS (10,864 ) 14,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,772

29,674

CREDITORS
Amounts falling due after more than one
year

7

27,319

29,352
NET ASSETS 453 322

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 452 321
SHAREHOLDERS' FUNDS 453 322

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

READYCUT UK LIMITED (REGISTERED NUMBER: 08087543)

Balance Sheet - continued
31 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 26 February 2025 and were signed by:





Mr R I Brandon - Director


READYCUT UK LIMITED (REGISTERED NUMBER: 08087543)

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

1. STATUTORY INFORMATION

Readycut UK 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 write off each assets over its
estimated useful life

Fixtures & fittings - 25% RBM
Computer equipment - 25% RBM
Motor vehicle - 25% RBM
Plant and machinery - 25% RBM

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 425 11,559 53,395 5,919 71,298
Additions 192 - 46,669 593 47,454
Disposals - - (45,733 ) - (45,733 )
At 31 May 2024 617 11,559 54,331 6,512 73,019
DEPRECIATION
At 1 June 2023 291 9,280 41,967 4,845 56,383
Charge for year 81 571 11,811 417 12,880
Eliminated on disposal - - (34,880 ) - (34,880 )
At 31 May 2024 372 9,851 18,898 5,262 34,383
NET BOOK VALUE
At 31 May 2024 245 1,708 35,433 1,250 38,636
At 31 May 2023 134 2,279 11,428 1,074 14,915

READYCUT UK LIMITED (REGISTERED NUMBER: 08087543)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Other debtors 1,800 3,587

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 6,478 10,000
Trade creditors 9,007 16,179
Taxation and social security - 97
Other creditors 274,427 378,726
289,912 405,002

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans 27,319 29,352

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 June 2023 321
Profit for the year 2,131
Dividends (2,000 )
At 31 May 2024 452

10. RELATED PARTY DISCLOSURES

At the end of the year the company owed an amount of £234,568 (2022 : ££342,248) to it's director.

11. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mr R I Brandon the director of the company.