Company Registration No. 06547472 (England and Wales)
Cutebitz Limited
Unaudited accounts
for the year ended 31 March 2025
Cutebitz Limited
Unaudited accounts
Contents
Cutebitz Limited
Company Information
for the year ended 31 March 2025
Company Number
06547472 (England and Wales)
Registered Office
1 Perry Lodge
Tismans Common Rudgwick
Horsham
West Sussex
RH12 3DY
England
Cutebitz Limited
Statement of financial position
as at 31 March 2025
Tangible assets
31,279
473
Cash at bank and in hand
80,239
20,664
Creditors: amounts falling due within one year
(28,910)
(59,369)
Net current assets
935,412
967,268
Net assets
966,691
967,741
Called up share capital
100
100
Profit and loss account
966,591
967,641
Shareholders' funds
966,691
967,741
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 March 2025 and were signed on its behalf by
ALISTAIR FARZAD
Director
Company Registration No. 06547472
Cutebitz Limited
Notes to the Accounts
for the year ended 31 March 2025
Cutebitz Limited is a private company, limited by shares, registered in England and Wales, registration number 06547472. The registered office is 1 Perry Lodge, Tismans Common Rudgwick, Horsham, West Sussex, RH12 3DY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Cutebitz Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
-
6,200
2,069
8,269
Additions
41,700
-
-
41,700
At 31 March 2025
41,700
6,200
2,069
49,969
At 1 April 2024
-
6,199
1,597
7,796
Charge for the year
10,425
-
469
10,894
At 31 March 2025
10,425
6,199
2,066
18,690
At 31 March 2025
31,275
1
3
31,279
At 31 March 2024
-
1
472
473
Amounts falling due within one year
Trade debtors
18,526
24,409
Accrued income and prepayments
7,395
6,638
Other debtors
835,176
925,176
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
13,979
12,616
Loans from directors
5,050
2,533
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).