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Registered Number: 15300198
England and Wales

 

 

 

CUTTING EDGE MACHINERY SERVICES LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 21 November 2023

End date: 30 November 2024
Director William Gough
Registered Number 15300198
Registered Office 7 Stowmarket Close
Lower Earley
Reading
Berkshire
RG6 3UA
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 30 November 2024.
Principal activities
Principal activity of the company during the financial period was of Garden Machinery Servicing and Repairs.

Directors
The directors who served the company throughout the period were as follows:
William Gough (from 21/11/2023)
Charlotte Streams (from 21/11/2023 to 13/01/2025)
Cessation of Trading
The company ceased trading on 30 November 2024.

This report was approved by the board and signed on its behalf by:


----------------------------------
William Gough
Director
----------------------------------
Charlotte Streams
Director

Date approved: 14 March 2025
2
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cutting Edge Machinery Services Limited for the period ended 30 November 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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://www.accaglobal.com/rulebook.

This report is made solely to the director of Cutting Edge Machinery Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cutting Edge Machinery Services Limited and state those matters that we have agreed to state to the director of Cutting Edge Machinery Services Limited 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 the company and its director for our work or for this report.

It is your duty to ensure that Cutting Edge Machinery Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cutting Edge Machinery Services Limited. You consider that Cutting Edge Machinery Services 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 financial statements of Cutting Edge Machinery Services 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 financial statements.



....................................................

Melanie Curtis Accountants Ltd

65 Peach Street
Wokingham
Berkshire
RG40 1XP
14 March 2025
3
 
 
Notes
 
2024
£
Turnover 61,826 
Cost of sales (16,700)
Gross profit 45,126 
Administrative expenses (48,356)
Operating loss (3,230)
Other interest receivable and similar income 79 
Profit/(Loss) on ordinary activities before taxation (3,151)
Tax on profit on ordinary activities
Profit/(Loss) for the financial period (3,151)
 
4
 
 
Notes
 
2024
£
Current assets    
Cash at bank and in hand 1,441 
Creditors: amount falling due within one year 4 (4,590)
Net current assets (3,149)
 
Total assets less current liabilities (3,149)
Net assets (3,149)
 

Capital and reserves
   
Called up share capital 2 
Profit and loss account (3,151)
Shareholders' funds (3,149)
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge 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 board of directors on 14 March 2025 and were signed on its behalf by:


-------------------------------
William Gough
Director
-------------------------------
Charlotte Streams
Director
5
General Information
Cutting Edge Machinery Services Limited is a private company, limited by shares, registered in England and Wales, registration number 15300198, registration address 7 Stowmarket Close, Lower Earley, Reading, Berkshire, RG6 3UA.

The presentation currency is £ sterling.
1.

Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in compliance 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 as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 company’s 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.
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:
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
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 period was 1.
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 21 November 2023      
Additions 6,250    247    290    6,787 
Disposals (6,250)   (247)   (290)   (6,787)
At 30 November 2024      
Depreciation
At 21 November 2023      
Charge for period 1,246    23    28    1,297 
On disposals (1,246)   (23)   (28)   (1,297)
At 30 November 2024      
Net book values
Closing balance as at 30 November 2024      
Opening balance as at 21 November 2023      


4.

Creditors: amount falling due within one year

2024
£
Trade Creditors 24 
Social Security and Other Tax 1,199 
Accrued Expenses 195 
Directors' Current Accounts 3,172 
4,590 

6