2023-08-01 2024-07-31 false No description of principal activity Capium Accounts Production 1.1 06319514 2023-08-01 2024-07-31 06319514 bus:AbridgedAccounts 2023-08-01 2024-07-31 06319514 bus:FRS102 2023-08-01 2024-07-31 06319514 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 06319514 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06319514 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06319514 2023-08-01 2024-07-31 06319514 2024-07-31 06319514 bus:RegisteredOffice 2023-08-01 2024-07-31 06319514 core:WithinOneYear 2024-07-31 06319514 core:AfterOneYear 2024-07-31 06319514 1 2023-08-01 2024-07-31 06319514 bus:Director1 2023-08-01 2024-07-31 06319514 bus:Director1 2024-07-31 06319514 bus:Director1 2022-08-01 2023-07-31 06319514 bus:Director2 2023-08-01 2024-07-31 06319514 bus:Director2 2024-07-31 06319514 bus:Director2 2022-08-01 2023-07-31 06319514 2022-08-01 06319514 bus:CompanySecretary1 2023-08-01 2024-07-31 06319514 bus:LeadAgentIfApplicable 2023-08-01 2024-07-31 06319514 2022-08-01 2023-07-31 06319514 2023-07-31 06319514 core:WithinOneYear 2023-07-31 06319514 core:AfterOneYear 2023-07-31 06319514 bus:EntityAccountantsOrAuditors 2022-08-01 2023-07-31 06319514 core:FurnitureFittings 2023-08-01 2024-07-31 06319514 core:FurnitureFittings 2024-07-31 06319514 core:FurnitureFittings 2023-07-31 06319514 core:ComputerEquipment 2023-08-01 2024-07-31 06319514 core:ComputerEquipment 2024-07-31 06319514 core:ComputerEquipment 2023-07-31 06319514 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-07-31 06319514 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-07-31 06319514 core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 06319514 core:CostValuation core:Non-currentFinancialInstruments 2023-07-31 06319514 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-07-31 06319514 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-07-31 06319514 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-07-31 06319514 core:Non-currentFinancialInstruments 2024-07-31 06319514 core:Non-currentFinancialInstruments 2023-07-31 06319514 core:ShareCapital 2024-07-31 06319514 core:ShareCapital 2023-07-31 06319514 core:RetainedEarningsAccumulatedLosses 2024-07-31 06319514 core:RetainedEarningsAccumulatedLosses 2023-07-31 06319514 dpl:Item1 2023-08-01 06319514 dpl:Item1 2024-07-31 06319514 dpl:Item1 2022-08-01 06319514 dpl:Item1 2023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 06319514
England and Wales

 

 

 

CUT THROUGH CONSULTING LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 2,312    1,725 
2,312    1,725 
Current assets      
Debtors 48,408    28,807 
Cash at bank and in hand 79,581    31,421 
127,989    60,228 
Creditors: amount falling due within one year (32,409)   (16,321)
Net current assets 95,580    43,907 
 
Total assets less current liabilities 97,892    45,632 
Provisions for liabilities (576)   (326)
Net assets 97,316    45,306 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 97,216    45,206 
Shareholders' funds 97,316    45,306 
 


For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 18 February 2025 and were signed on its behalf by:


-------------------------------
M D Banks
Director
1
General Information
Cut Through Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 06319514, registration address Merlin House Brunel Road, Theale, Reading, Berkshire, United Kingdom, RG7 4AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover represents net invoiced sales of services, excluding value added tax, as adjusted for work in progress. Income is recognised at the point of invoicing, when the company obtains the right to consideration.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and 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.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & fittings - 15% Reducing Balance
Computer equipment - 25% Reducing Balance
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
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.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised costs using the effective interest method.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 August 2023 2,333    3,621    5,954 
Additions   1,331    1,331 
Disposals    
At 31 July 2024 2,333    4,952    7,285 
Depreciation
At 01 August 2023 2,129    2,100    4,229 
Charge for year 31    713    744 
On disposals    
At 31 July 2024 2,160    2,813    4,973 
Net book values
Closing balance as at 31 July 2024 173    2,139    2,312 
Opening balance as at 01 August 2023 204    1,521    1,725 


4.

Advances and Credits



M D Banks
The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023: The loan is interest free with no fixed date for repayment.

Current year (2024)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
M D Banks(1,308)(12,014)(4,584)(8,738)
-1308-120140-458400-8738
Previous year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
M D Banks7,827 6,677 15,812 (1,308)
7827667701581200-1308
5.

Debtors: amounts falling due within one year

.   2023
£
  2024
£
Trade Debtors 34,228  17,265 
Prepayments & Accrued Income 5,442  10,234 
Directors Current Account 8,738  1,308 
48,408  28,807 

6.

Creditors: amounts falling due within one year

.   2024
£
  2023
£
Corporation Tax 24,082  9,771 
PAYE & Social Security 19  1,888 
Other Creditors 463  25 
VAT 7,845  4,637 
32,409  16,321 

7.

Ultimate Controlling Party

The company is under the control of its directors, M D Banks and Mrs L J Banks, who as husband and wife together control 100% of the issued ordinary share capital.
2