G Cutz Limited - Filleted accounts

Registered number

07586431

G Cutz Limited

Filleted Accounts

31 March 2025

G Cutz Limited
Registered number:		07586431
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		1,195			1,365

Current assets
Stocks		500			500
Debtors	5	1,426			942
Cash at bank and in hand		3,961			3,875
		5,887			5,317

Creditors: amounts falling due within one year	6	(7,071)			(6,573)

Net current liabilities			(1,184)			(1,256)

Net assets			11			109

Capital and reserves
Called up share capital			100			100
Profit and loss account			(89)			9

Shareholder's funds			11			109

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr G M Ward
Director
Approved by the board on 30 September 2025

G Cutz Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.




	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	10% reducing balance
	Fixtures, fittings, tools and equipment	20% reducing balance


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.







	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					5,000
	At 31 March 2025					5,000

	Amortisation
	At 1 April 2024					5,000
	At 31 March 2025					5,000

	Net book value
	At 31 March 2025					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.






4	Tangible fixed assets
		Plant and machinery etc		Computer equipment		Total
£			£		£
	Cost
	At 1 April 2024	6,287		430		6,717
	At 31 March 2025	6,287		430		6,717

	Depreciation
	At 1 April 2024	4,922		430		5,352
	Charge for the year	170		-		170
	At 31 March 2025	5,092		430		5,522

	Net book value
	At 31 March 2025	1,195		-		1,195
	At 31 March 2024	1,365		-		1,365


5	Debtors			2025		2024
£					£

	Other debtors			1,426		942


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Corporation tax			4,673		3,847
	Other taxes and social security costs			113		108
	Other creditors			2,285		2,618
				7,071		6,573


7	Other information

	G Cutz Limited is a private company limited by shares and incorporated in England. Its registered office is:
	9 Dean Road
	Scarborough
	North Yorkshire
	YO12 7SN

8	Related party disclosures

	During the year, the company made a loan amounting to £1,009 to Mr G M Ward (2024: £563). At the balance sheet date, the loan was still outstanding and is presented within other debtors.