REGISTERED NUMBER: 12802635 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

ETCH & CUT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J T Derbyshire

Mr P J Killeen

Miss V Mina

REGISTERED OFFICE:

288 Church Street

Blackpool

Lancashire

FY1 3QA

REGISTERED NUMBER:

12802635 (England and Wales)

ACCOUNTANTS:

ma2 (Blackpool) Limited

288 Church Street

Blackpool

Lancashire

FY1 3QA

FIXED ASSETS

Tangible assets

4

79,684

83,191

CURRENT ASSETS

Stocks

25,000

55,000

Debtors

5

1,446

14,138

Cash at bank

34,379

28,959

60,825

98,097

CREDITORS

Amounts falling due within one year

6

106,088

145,568

NET CURRENT LIABILITIES

(45,263

)

(47,471

)

TOTAL ASSETS LESS CURRENT LIABILITIES

34,421

35,720

CREDITORS

Amounts falling due after more than one year

7

-

(3,156

)

PROVISIONS FOR LIABILITIES

(19,921

)

(20,798

)

NET ASSETS

14,500

11,766

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

14,400

11,666

14,500

11,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr J T Derbyshire - Director

Mr P J Killeen - Director

Miss V Mina - Director

1.	STATUTORY INFORMATION

Etch & Cut Ltd 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.

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.

Improvements to property

-

Over the duration of the lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

Hire purchase and leasing commitments

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 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

821

149,326

3,145

12,501

165,793

Additions

-

38,000

-

-

38,000

Disposals

-

(29,711

)

-

-

(29,711

)

At 30 June 2025

821

157,615

3,145

12,501

174,082

DEPRECIATION

At 1 July 2024

274

74,509

1,132

6,687

82,602

Charge for year

274

25,071

503

3,125

28,973

Eliminated on disposal

-

(17,177

)

-

-

(17,177

)

At 30 June 2025

548

82,403

1,635

9,812

94,398

NET BOOK VALUE

At 30 June 2025

273

75,212

1,510

2,689

79,684

At 30 June 2024

547

74,817

2,013

5,814

83,191

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,446

12,650

Other debtors

-

1,488

1,446

14,138

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Finance leases

16,222

9,467

Trade creditors

-

7,535

Amounts owed to associates

164

1,177

Tax

8,342

24,293

Social security and other taxes

1,179

2,102

Pensions payable

406

1,893

VAT

23,414

29,944

Directors' current accounts

49,812

68,118

Accrued expenses

6,549

1,039

106,088

145,568

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Finance leases

-

3,156

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Finance leases

16,222

12,623

9.	RELATED PARTY DISCLOSURES

The directors of the company are directors of DMK Gifts Limited and own 100% of its share capital. During the year a recharge of £126,667 was made for other direct costs to DMK Gifts Limited. As at the year end, the company owed DMK Gifts Limited £164.