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REGISTERED NUMBER: 03827758 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Cutec Ltd

Cutec Ltd (Registered number: 03827758)






Contents of the Financial Statements
For The Year Ended 31 March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 2


Cutec Ltd (Registered number: 03827758)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 73,992 92,406

CURRENT ASSETS
Stock and work in progress 26,698 74,782
Debtors 5 168,041 110,571
Cash at bank 121,613 116,000
316,352 301,353
CREDITORS
Amounts falling due within one year 6 272,832 263,547
NET CURRENT ASSETS 43,520 37,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,512

130,212

PROVISIONS FOR LIABILITIES 17,974 22,455
NET ASSETS 99,538 107,757

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 99,536 107,755
SHAREHOLDERS' FUNDS 99,538 107,757

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

The members have not required the company to obtain an audit of its financial statements for the year 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:




K J Callaghan - Director



M J Rowland - Director


Cutec Ltd (Registered number: 03827758)

Notes to the Financial Statements
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

Cutec Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03827758

Registered office: 19 Darklake Park
Darklake View
Estover
Plymouth
Devon
PL6 7FB

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Leasehold improvements are written off over the length of the lease

Stocks
Stock and work in progress and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stock and work in progress to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cutec Ltd (Registered number: 03827758)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2024 37,677 145,406 24,995 208,078
Additions - 7,543 - 7,543
At 31 March 2025 37,677 152,949 24,995 215,621
DEPRECIATION
At 1 April 2024 22,358 86,024 7,290 115,672
Charge for year 3,830 15,878 6,249 25,957
At 31 March 2025 26,188 101,902 13,539 141,629
NET BOOK VALUE
At 31 March 2025 11,489 51,047 11,456 73,992
At 31 March 2024 15,319 59,382 17,705 92,406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 150,796 87,619
Other debtors 17,245 22,952
168,041 110,571

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 137,014 134,887
Taxation and social security 116,798 100,714
Other creditors 19,020 27,946
272,832 263,547

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.25 31.3.24
£    £   
Within one year 28,989 28,989
Between one and five years 3,539 32,528
32,528 61,517