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REGISTERED NUMBER: 08345989 (England and Wales)















CUTTING EDGE TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025






CUTTING EDGE TRADING LIMITED (REGISTERED NUMBER: 08345989)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


CUTTING EDGE TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2025







DIRECTOR: J Masters





REGISTERED OFFICE: Unit 2
Central Ave
Cradley Heath
B64 7BY





REGISTERED NUMBER: 08345989 (England and Wales)





ACCOUNTANTS: CUTTER & CO LTD
CHARTERED ACCOUNTANTS
3 Lyttleton Court
Birmingham Street
Halesowen
West Midlands
B63 3HN

CUTTING EDGE TRADING LIMITED (REGISTERED NUMBER: 08345989)

BALANCE SHEET
31ST JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,950 131,743

CURRENT ASSETS
Stocks 5 12,000 10,002
Debtors 6 226,431 81,274
Cash at bank 15,347 10,453
253,778 101,729
CREDITORS
Amounts falling due within one year 7 304,704 245,994
NET CURRENT LIABILITIES (50,926 ) (144,265 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,024

(12,522

)

CREDITORS
Amounts falling due after more than one
year

8

-

(48,266

)

PROVISIONS FOR LIABILITIES 10 (16,988 ) (25,052 )
NET ASSETS/(LIABILITIES) 36 (85,840 )

CAPITAL AND RESERVES
Called up share capital 11 4 4
Retained earnings 12 32 (85,844 )
SHAREHOLDERS' FUNDS 36 (85,840 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CUTTING EDGE TRADING LIMITED (REGISTERED NUMBER: 08345989)

BALANCE SHEET - continued
31ST JANUARY 2025


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 director and authorised for issue on 14th August 2025 and were signed by:





J Masters - Director


CUTTING EDGE TRADING LIMITED (REGISTERED NUMBER: 08345989)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025

1. STATUTORY INFORMATION

Cutting Edge Trading Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

CUTTING EDGE TRADING LIMITED (REGISTERED NUMBER: 08345989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st February 2024 287,627 12,247 114,859 414,733
Disposals - - (104,859 ) (104,859 )
At 31st January 2025 287,627 12,247 10,000 309,874
DEPRECIATION
At 1st February 2024 206,118 6,813 70,059 282,990
Charge for year 18,679 747 20,404 39,830
Eliminated on disposal - - (80,896 ) (80,896 )
At 31st January 2025 224,797 7,560 9,567 241,924
NET BOOK VALUE
At 31st January 2025 62,830 4,687 433 67,950
At 31st January 2024 81,509 5,434 44,800 131,743

CUTTING EDGE TRADING LIMITED (REGISTERED NUMBER: 08345989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st February 2024 81,184 104,859 186,043
Disposals - (104,859 ) (104,859 )
At 31st January 2025 81,184 - 81,184
DEPRECIATION
At 1st February 2024 61,919 60,622 122,541
Charge for year - 10,137 10,137
Eliminated on disposal - (70,759 ) (70,759 )
At 31st January 2025 61,919 - 61,919
NET BOOK VALUE
At 31st January 2025 19,265 - 19,265
At 31st January 2024 19,265 44,237 63,502

5. STOCKS
2025 2024
£    £   
Stocks 12,000 10,002

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 81,673 -
Other debtors 118,949 61,274
Masters Outdoor Leisure Loan 16,827 20,000
Directors' current accounts 8,982 -
226,431 81,274

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 617 8,464
Hire purchase contracts (see note 9) - 18,286
Trade creditors 113,840 7,400
Corporation tax 42,692 37,459
Social security and other taxes 11,412 16,740
VAT 13,016 10,799
Other creditors 119,719 69,521
Directors' current accounts - 73,626
Accrued expenses 3,408 3,699
304,704 245,994

CUTTING EDGE TRADING LIMITED (REGISTERED NUMBER: 08345989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts (see note 9) - 48,266

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2025 2024
£    £   
Net obligations repayable:
Within one year - 18,286
Between one and five years - 48,266
- 66,552

Non-cancellable
operating leases
2025 2024
£    £   
Within one year - 2,042

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 16,988 25,052

Deferred
tax
£   
Balance at 1st February 2024 25,052
Credit to Income Statement during year (8,064 )
Balance at 31st January 2025 16,988

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2025 2024
value: £    £   
4 Ordinary shares £1 4 4

CUTTING EDGE TRADING LIMITED (REGISTERED NUMBER: 08345989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025

12. RESERVES
Retained
earnings
£   

At 1st February 2024 (85,844 )
Profit for the year 87,876
Dividends (2,000 )
At 31st January 2025 32

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2025 and 31st January 2024:

2025 2024
£    £   
J Masters
Balance outstanding at start of year - 60,248
Amounts advanced 8,982 -
Amounts repaid - (60,248 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,982 -

14. RELATED PARTY DISCLOSURES

At the balance sheet date, a shareholder loan within debtors existed between the company and Mr R and Mrs L Masters. The amount owed at 31 January 2025 was £26,414 (2024 £61,274). Interest has been charged on this loan in the financial period at a rate of 2%.

At the balance sheet date Mr R Masters, a shareholder of the business, had made a loan to the company totalling £55,860 to help finance a machinery purchase. This loan is repayable on demand and no interest is being charged.