Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12176532 Mr Jack Leonard Mr Edward Harris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12176532 2023-08-31 12176532 2024-08-31 12176532 2023-09-01 2024-08-31 12176532 frs-core:CurrentFinancialInstruments 2024-08-31 12176532 frs-core:ShareCapital 2024-08-31 12176532 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12176532 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12176532 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12176532 frs-bus:SmallEntities 2023-09-01 2024-08-31 12176532 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12176532 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12176532 frs-bus:Director1 2023-09-01 2024-08-31 12176532 frs-bus:Director2 2023-09-01 2024-08-31 12176532 frs-countries:EnglandWales 2023-09-01 2024-08-31 12176532 2022-08-31 12176532 2023-08-31 12176532 2022-09-01 2023-08-31 12176532 frs-core:CurrentFinancialInstruments 2023-08-31 12176532 frs-core:ShareCapital 2023-08-31 12176532 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12176532
Cuts Royale Ltd
Financial Statements
For The Year Ended 31 August 2024
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12176532
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,376 -
Cash at bank and in hand 143 4,269
1,519 4,269
Creditors: Amounts Falling Due Within One Year 5 (7,322 ) (4,207 )
NET CURRENT ASSETS (LIABILITIES) (5,803 ) 62
TOTAL ASSETS LESS CURRENT LIABILITIES (5,803 ) 62
NET (LIABILITIES)/ASSETS (5,803 ) 62
CAPITAL AND RESERVES
Called up share capital 6 4 4
Profit and Loss Account (5,807 ) 58
SHAREHOLDERS' FUNDS (5,803) 62
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jack Leonard
Director
Mr Edward Harris
Director
29/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Cuts Royale Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12176532 . The registered office is 1st Floor, 104 Oxford Street, London, Greater London, W1D 1LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of Value Added Tax. Turnover includes advances receivable royalties receivable from the rendering of services.
2.4. Financial Instruments
The company has only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities
Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.5. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
£ £
Due within one year
Corporation tax recoverable assets 1,376 -
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,340 1,080
Corporation tax 1,773 1,773
Other creditors 1,814 -
Accruals and deferred income 41 -
Directors' loan accounts 1,354 1,354
7,322 4,207
Page 2
Page 3
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
Page 3