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COMPANY REGISTRATION NUMBER: 06888099
David Cuff Limited
Filleted Unaudited Financial Statements
30 April 2025
David Cuff Limited
Financial Statements
Year ended 30 April 2025
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
David Cuff Limited
Statement of Financial Position
30 April 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
35,000
188,193
Current assets
Stocks
28,497
Debtors
6
4,740
100,669
Cash at bank and in hand
8,280
1,151
--------
---------
13,020
130,317
Creditors: amounts falling due within one year
7
14,964
284,839
--------
---------
Net current liabilities
1,944
154,522
--------
---------
Total assets less current liabilities
33,056
33,671
Creditors: amounts falling due after more than one year
8
21,539
26,034
--------
--------
Net assets
11,517
7,637
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
11,417
7,537
--------
-------
Shareholders funds
11,517
7,637
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
David Cuff Limited
Statement of Financial Position (continued)
30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 8 August 2025 , and are signed on behalf of the board by:
D C Cuff
Director
Company registration number: 06888099
David Cuff Limited
Notes to the Financial Statements
Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Hampstead West, 224 Iverson Road, London, NW6 2HX, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of people employed by the company during the year was 1 (2024: 1), being the director.
5. Tangible assets
Freehold property
Long leasehold property
Total
£
£
£
Cost
At 1 May 2024
35,000
153,193
188,193
Additions
2,410
2,410
Disposals
( 155,603)
( 155,603)
--------
---------
---------
At 30 April 2025
35,000
35,000
--------
---------
---------
Depreciation
At 1 May 2024 and 30 April 2025
--------
---------
---------
Carrying amount
At 30 April 2025
35,000
35,000
--------
---------
---------
At 30 April 2024
35,000
153,193
188,193
--------
---------
---------
6. Debtors
2025
2024
£
£
Trade debtors
1,875
Other debtors
2,865
100,669
-------
---------
4,740
100,669
-------
---------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
4,827
74,654
Trade creditors
250
332
Other creditors
9,887
209,853
--------
---------
14,964
284,839
--------
---------
Bank loans and overdrafts are secured by way of a fixed and floating charge over the property and undertakings of the company.
8. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
21,539
26,034
--------
--------
Bank loans and overdrafts are secured by way of a fixed and floating charge over the property and undertakings of the company.
9. Director's advances, credits and guarantees
At the year end, the director owed the company £2,865 (2024: £95,029). Advances of £82,382 (2024: £72,250) were taken and repayments of £174,546 (2024: £7,211) were made by the director during the year. No interest was charged on the overdrawn balance.