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REGISTERED NUMBER: 13683636 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 October 2024

for

CutEdgeBond Ltd

CutEdgeBond Ltd (Registered number: 13683636)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CutEdgeBond Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: J A M D Carvalho
Ms S S Heydari





REGISTERED OFFICE: Unit 3, Norths Estate, Old Oxford Road
Piddington
High Wycombe
HP14 3BE





REGISTERED NUMBER: 13683636 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

CutEdgeBond Ltd (Registered number: 13683636)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 167,658 170,749

CURRENT ASSETS
Stocks 5 3,200 3,200
Debtors 6 11,355 93,713
Cash at bank 132,220 170,289
146,775 267,202
CREDITORS
Amounts falling due within one year 7 (118,358 ) (230,990 )
NET CURRENT ASSETS 28,417 36,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,075

206,961

PROVISIONS FOR LIABILITIES (41,915 ) (45,781 )
NET ASSETS 154,160 161,180

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 154,158 161,178
154,160 161,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





Ms S S Heydari - Director


CutEdgeBond Ltd (Registered number: 13683636)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

CutEdgeBond 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 tax
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 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.

Operating leases
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution scheme and also contributes to privately administered pension plans. Contributions are expensed as incurred.

CutEdgeBond Ltd (Registered number: 13683636)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 220,037 2,917 1,916 224,870
Additions 718 40,170 2,519 43,407
At 31 October 2024 220,755 43,087 4,435 268,277
DEPRECIATION
At 1 November 2023 52,681 1,167 273 54,121
Charge for year 41,978 3,785 735 46,498
At 31 October 2024 94,659 4,952 1,008 100,619
NET BOOK VALUE
At 31 October 2024 126,096 38,135 3,427 167,658
At 31 October 2023 167,356 1,750 1,643 170,749

5. STOCKS
2024 2023
£    £   
Stocks 3,200 3,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,355 54,715
Director's current accounts - 32,105
VAT - 6,893
11,355 93,713

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,932 -
Tax 7,185 1,161
Social security and other taxes 1,434 1,356
VAT 13,645 -
Other creditors 65,455 199,409
Director's current accounts 28,277 25,764
Accruals 430 3,300
118,358 230,990

CutEdgeBond Ltd (Registered number: 13683636)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 4,163 24,980
Between one and five years - 4,163
4,163 29,143

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
J A M D Carvalho
Balance outstanding at start of year 32,105 2,710
Amounts advanced - 42,283
Amounts repaid (44,100 ) (12,888 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (11,995 ) 32,105

Ms S S Heydari
Balance outstanding at start of year (25,764 ) (121,319 )
Amounts advanced 54,756 109,500
Amounts repaid (45,274 ) (13,945 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (16,282 ) (25,764 )

The above loans are unsecured and repayable on demand. Loans from the company are charged interest at HMRC's approved rate.

Certain short term loans to the company, from the directors, are charged interest at up to 12%. Loans to the company from Ms S S Heydari, included in other creditors, total £65,455. These are unsecured and repayable on demand with full repayment to be completed by August 2025.