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REGISTERED NUMBER: 15627359 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 8 APRIL 2024 TO 31 MARCH 2025

FOR

Autocut Ltd

Autocut Ltd (Registered number: 15627359)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 8 April 2024 to 31 March 2025




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Autocut Ltd

COMPANY INFORMATION
for the period 8 April 2024 to 31 March 2025







Directors: L S Bateman
O S Etoe





Registered office: Unit 10 Torr Trade Park
Torr Quarry Industraial Estate
Kingsbridge
Devon
TQ9 7FA





Registered number: 15627359 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

Autocut Ltd (Registered number: 15627359)

BALANCE SHEET
31 March 2025

Notes £    £   
Fixed assets
Intangible assets 4 -
Tangible assets 5 91,582
91,582

Current assets
Stocks 148,571
Debtors 6 2,400
Cash at bank and in hand 9,195
160,166
Creditors
Amounts falling due within one year 7 15,000
Net current assets 145,166
Total assets less current liabilities 236,748

Capital and reserves
Called up share capital 8 50
Capital redemption reserve 50
Retained earnings 236,648
Shareholders' funds 236,748

Autocut Ltd (Registered number: 15627359)

BALANCE SHEET - continued
31 March 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:





O S Etoe - Director


Autocut Ltd (Registered number: 15627359)

NOTES TO THE FINANCIAL STATEMENTS
for the period 8 April 2024 to 31 March 2025

1. STATUTORY INFORMATION

Autocut Ltd 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" and the Companies Act 2006. The disclosure requirements of Section 1A have been applied other than where additional disclosure is required to give a true and fair view. The financial statements have been prepared under the historical cost convention unless otherwise stated.

Goodwill
Goodwill arises on acquisition of an entity and represents the cost of the acquisition in excess of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is subject to annual impairment review.

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.

Tangible fixed assets
Plant, equipment and motor vehicles were acquired shortly before the year end and will be depreciated from 1st April 2025 at the directors chosen policy in order to match the expected useful economic life.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


Autocut Ltd (Registered number: 15627359)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 8 April 2024 to 31 March 2025

2. ACCOUNTING POLICIES - continued
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 period 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.

Turnover
Turnover is measured at the fair value of consideration receivable for goods and services net of taxes. Turnover arising from the sale of goods is recognised when the risks and rewards of ownership have been transferred to the buyer; and from services by reference to the sage of completion of the associated contract.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Autocut Ltd (Registered number: 15627359)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 8 April 2024 to 31 March 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
Additions 1,700,000
Disposals (350,000 )
Impairments (1,350,000 )
At 31 March 2025 -
Net book value
At 31 March 2025 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
equipment vehicles Totals
£    £    £   
Cost
Additions 14,978 76,604 91,582
At 31 March 2025 14,978 76,604 91,582
Net book value
At 31 March 2025 14,978 76,604 91,582

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 2,400

Other debtors represents deposits paid on vehicles ordered

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 15,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
50 Ordinary A £1 50

Autocut Ltd (Registered number: 15627359)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 8 April 2024 to 31 March 2025

8. CALLED UP SHARE CAPITAL - continued

The movement in share capital for the period is as below:
OrdinaryOrdinary AOrdinary B

Opening---
Issued14950
Redesignated(1)1-
Redeemed--(50)
-------------------------------------------------------
Closing-50-
================================

9. MERGER RESERVE MOVEMENT
Merger
reserve
£   
Share issue 1,699,901
Redemption of share capital (350,000 )
Reserve release on impairment (1,349,901 )

At 31 March 2025 -

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owes £15,000 to Greenkeepers Lawn Care Ltd, a company ultimately owned and controlled by the two directors, O Etoe and L Bateman.

11. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors.