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Registration number: 04711744

Cutting Bar Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Cutting Bar Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Cutting Bar Limited

(Registration number: 04711744)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

6

221,741

292,439

Current assets

 

Stocks

7

181,493

109,950

Debtors

8

350,117

211,052

Cash at bank and in hand

 

1,887,518

3,139,479

 

2,419,128

3,460,481

Creditors: Amounts falling due within one year

9

(415,224)

(542,940)

Net current assets

 

2,003,904

2,917,541

Net assets

 

2,225,645

3,209,980

Capital and reserves

 

Called up share capital

16

16

Retained earnings

2,225,629

3,209,964

Shareholders' funds

 

2,225,645

3,209,980

 

Cutting Bar Limited

(Registration number: 04711744)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 August 2025
 

.........................................
Mr Roderick Anthony Griffin
Director

 

Cutting Bar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
33 The Kennet Centre
Newbury
Berkshire
RG14 5EN
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of hairdressing. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Cutting Bar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance basis

Plant and equipment

25% reducing balance basis

Leasehold improvements

10% straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Cutting Bar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3

Taxation

2025

2024

£

£

Corporation tax

(161,152)

161,152

Deferred tax

-

(6,411)

(161,152)

154,741

4

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 122 (2024 - 118).

 

Cutting Bar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

1,876

1,876

At 31 March 2025

1,876

1,876

Amortisation

At 1 April 2024

1,876

1,876

At 31 March 2025

1,876

1,876

Carrying amount

At 31 March 2025

-

-

6

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2024

687,803

269,473

53,295

1,010,571

Additions

-

-

1,066

1,066

At 31 March 2025

687,803

269,473

54,361

1,011,637

Depreciation

At 1 April 2024

452,841

215,472

49,818

718,131

Charge for the year

57,281

13,502

982

71,765

At 31 March 2025

510,122

228,974

50,800

789,896

Carrying amount

At 31 March 2025

177,681

40,499

3,561

221,741

At 31 March 2024

234,962

54,001

3,476

292,439

Included within the net book value of land and buildings above is £177,681 (2024 - £234,962) in respect of freehold land and buildings.
 

 

Cutting Bar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Stocks

2025
£

2024
£

Other inventories

181,493

109,950

8

Debtors

Current

Note

2025
£

2024
£

Amounts owed by related parties

11

26

26

Prepayments

 

179,930

181,633

Other debtors

 

170,161

29,393

   

350,117

211,052

9

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Trade creditors

 

694

3,035

Taxation and social security

 

210,382

360,530

Other creditors

 

204,148

179,375

 

415,224

542,940

 

Cutting Bar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £1,761,711 (2024 - £1,716,943).

11

Related party transactions

Transactions with the director

2025

At 1 April 2024
£

Advances to director
£

Repayments by director
£

At 31 March 2025
£

Mr Roderick Anthony Griffin

20,393

394,030

(414,423)

-

Summary of transactions with subsidiaries

During the period the company had an interest free loan account with Roderick Anthony Limited (a company under common control). At the balance sheet dated the amount due from Roderick Anthony Limited was £26 (2024 - £26).