Company No: 11497037 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTOR

Andrew J Paul

REGISTERED OFFICE	Broxtead Estate Office
	Sutton
	Woodbridge
	Suffolk
	IP12 3HL
	United Kingdom

COMPANY NUMBER

11497037 (England and Wales)

ACCOUNTANT	S&W Partners (East) LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	473,225		396,018
		473,225		396,018
Current assets
Stocks	4	163,253		128,828
Debtors	5	131,929		134,826
Cash at bank and in hand		57,905		7,517
		353,087		271,171
Creditors: amounts falling due within one year	6	( 508,920)		( 416,671)
Net current liabilities		(155,833)		(145,500)
Total assets less current liabilities		317,392		250,518
Provision for liabilities	7	( 28,984)		( 19,152)
Net assets		288,408		231,366
Capital and reserves
Called-up share capital		1		1
Profit and loss account		288,407		231,365
Total shareholder's funds		288,408		231,366

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Cutlers Wood Ltd (registered number: 11497037) were approved and authorised for issue by the Director on 24 September 2025. They were signed on its behalf by:

Andrew J Paul Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The principal activity of Cutlers Wood Ltd is that of property management and growing of trees.

The Company is a private company, limited by shares, and is incorporated in England and Wales.

The registered office address is: Broxtead Estate Office Broxtead Estate, Sutton, Woodbridge, Suffolk, United Kingdom, IP12 3HL.

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue arising from the provision of services is recognised by reference to the stage of completion as follows:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measure reliably.

When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	15 % reducing balance
Fixtures and fittings	20 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Plant and machinery		Fixtures and fittings		Total
	£		£		£
Cost
At 01 October 2023	383,529		65,755		449,284
Additions	139,470		5,302		144,772
At 30 September 2024	522,999		71,057		594,056
Accumulated depreciation
At 01 October 2023	47,851		5,415		53,266
Charge for the financial year	64,934		2,631		67,565
At 30 September 2024	112,785		8,046		120,831
Net book value
At 30 September 2024	410,214		63,011		473,225
At 30 September 2023	335,678		60,340		396,018

4. Stocks

	2024		2023
	£		£
Work in progress	163,253		128,828

5. Debtors

	2024		2023
	£		£
Trade debtors	2,141		1,408
Prepayments	814		491
VAT recoverable	6,971		10,924
Other debtors	122,003		122,003
	131,929		134,826

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	13,240		3,751
Amounts owed to director	18,348		28,894
Other loans	358,127		308,127
Accruals	3,773		3,297
Other creditors	115,432		72,602
	508,920		416,671

7. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 19,152)		( 12,963)
Charged to the Statement of Income and Retained Earnings	( 9,832)		( 6,189)
At the end of financial year	( 28,984)		( 19,152)

The deferred taxation balance is made up as follows:

	2024		2023
	£		£
Accelerated capital allowances	( 61,539)		( 56,494)
Tax losses carry forward	32,555		37,342
	( 28,984)		( 19,152)

8. Related party transactions

During the year the company traded with the following related parties:

- R H & R Paul, of which A J Paul, a director, is a partner;
- Tidal Hill Limited, of which A J Paul is also a director.

All transactions in relation to these related parties were carried out at arms length.

At the year end the directors loan account was £28,894 (2023: £34,034) and the balance is included within other creditors.

The company occupies property owned by A J Paul for which no rent is charged.