Cut and Polish Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06665265

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		939		1,252

			939		1,252
CURRENT ASSETS
Debtors	5	28,323		49,532
Cash at bank and in hand		100,712		77,799

		129,035		127,331
Creditors: Amounts Falling Due Within One Year	6	(32,445 )		(28,198 )

NET CURRENT ASSETS (LIABILITIES)			96,590		99,133

TOTAL ASSETS LESS CURRENT LIABILITIES			97,529		100,385

Creditors: Amounts Falling Due After More Than One Year	7		(10,000 )		(20,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(235 )		(313 )

NET ASSETS			87,294		80,072

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			87,194		79,972

SHAREHOLDERS' FUNDS			87,294		80,072

Page 1

Page 2

Cut and Polish Limited

Balance Sheet (continued)

As At 31 March 2025

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Ian Alwis

Director

15/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Cut and Polish Limited Registered number 06665265 is a limited by shares company incorporated in England & Wales. The Registered Office is 17b Southwark Bridge Road, London, SE1 9HH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% on reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance Sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

Page 3

Page 4

Cut and Polish Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	8,945

As at 31 March 2025	8,945

Depreciation
As at 1 April 2024	7,693
Provided during the period	313

As at 31 March 2025	8,006

Net Book Value
As at 31 March 2025	939

As at 1 April 2024	1,252

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	8,537	4,395
Other debtors	14,705	40,056

	23,242	44,451
Due after more than one year
Other debtors	5,081	5,081

	28,323	49,532

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Other creditors	2,226	2,190
Taxation and social security	20,219	16,008

	32,445	28,198

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	10,000	20,000

Page 4

Page 5

Cut and Polish Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Accelerated capital allowances	235	313

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Ian Alwis	40,056	-	-	-	14,707

No additional loans advanced to the director during the year to 31 March 2025. Interest is paid to the company at the HMRC official rate.

11. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	51,500	22,600

Included in dividends paid of £51,500(2024: £22,600) were dividends paid to the director, Mr Ian Alwis.

Page 5