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Registered Number: 09630515
England and Wales

 

 

 

CUTTING LINES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
Director Mr C A Westcombe
Registered Number 09630515
Registered Office 11 Thorneley Road
Kingsclere
Newbury
Berkshire
RG20 5RP
Accountants Dove Marsh & Jones
1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 30 June 2024
Director
The director who served the company throughout the year was as follows:
Mr C A Westcombe
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Mr C A Westcombe
Director

Date approved: 24 March 2025
2
Report to the directors on the preparation of the unaudited statutory accounts of Cutting Lines Limited for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cutting Lines Limited for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Cutting Lines Limited, as a body, in accordance with the terms of our engagement letter dated 03 June 2024 Our work has been undertaken solely to prepare for your approval the accounts of Cutting Lines Limited and state those matters that we have agreed to state to the Board of Directors of Cutting Lines Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cutting Lines Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Cutting Lines Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cutting Lines Limited. You consider that Cutting Lines Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Cutting Lines Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 June 2024



....................................................
Dove Marsh & Jones
Dove Marsh & Jones

1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
24 March 2025
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 9,844    12,441 
9,844    12,441 
Current assets      
Debtors 4 2,425    2,545 
Cash at bank and in hand 4,503    9,549 
6,928    12,094 
Creditors: amount falling due within one year 5 (7,981)   (6,741)
Net current assets (1,053)   5,353 
 
Total assets less current liabilities 8,791    17,794 
Provisions for liabilities 6 (1,870)   (2,364)
Net assets 6,921    15,430 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 6,821    15,330 
Shareholders' funds 6,921    15,430 
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 financial statements were approved by the director on 24 March 2025 and were signed by:


-------------------------------
Mr C A Westcombe
Director
4
General Information
Cutting Lines Limited is a private company, limited by shares, registered in England and Wales, registration number 09630515, registration address 11 Thorneley Road, Kingsclere, Newbury, Berkshire, RG20 5RP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Taxation
Taxation represents the sum of tax currently payable 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 capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

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

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 July 2023 2,311    13,093    8,111    23,515 
Additions     1,782    1,782 
Disposals     (916)   (916)
At 30 June 2024 2,311    13,093    8,977    24,381 
Depreciation
At 01 July 2023 919    5,996    4,159    11,074 
Charge for year 359    1,774    1,826    3,959 
On disposals     (496)   (496)
At 30 June 2024 1,278    7,770    5,489    14,537 
Net book values
Closing balance as at 30 June 2024 1,033    5,323    3,488    9,844 
Opening balance as at 01 July 2023 1,392    7,097    3,952    12,441 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 1,185    900 
Prepayments & Accrued Income   475 
Other Debtors 1,240    1,170 
2,425    2,545 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 202    7 
Corporation Tax 4,221    6,597 
Accrued Expenses 60   
Other Creditors 3,415   
Directors' Current Accounts 83    137 
7,981    6,741 

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 1,870    2,364 
1,870    2,364 

5