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Company Registration No. 05195904 (England and Wales)
NEAT CUT LIMITED Unaudited accounts for the year ended 31 July 2025
NEAT CUT LIMITED Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
NEAT CUT LIMITED Company Information for the year ended 31 July 2025
Directors
Z. Bojarski O Gedrimas
Company Number
05195904 (England and Wales)
Registered Office
48 Beechcroft Road Bushey Herts WD23 2JU
Accountants
Fielding Accountancy Services Ltd 48 Beechcroft Road Bushey Herts WD23 2JU
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NEAT CUT LIMITED Accountants' report
Accountants' report to the board of directors of NEAT CUT LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NEAT CUT LIMITED for the year ended 31 July 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of NEAT CUT LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of NEAT CUT LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NEAT CUT LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that NEAT CUT LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NEAT CUT LIMITED. You consider that NEAT CUT LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of NEAT CUT LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Fielding Accountancy Services Ltd 48 Beechcroft Road Bushey Herts WD23 2JU 18 September 2025
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NEAT CUT LIMITED Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
28,537
32,886
Current assets
Inventories
64,700
63,850
Debtors
5
117,720
96,250
Cash at bank and in hand
46,529
118,629
228,949
278,729
Creditors: amounts falling due within one year
6
(202,447)
(233,818)
Net current assets
26,502
44,911
Total assets less current liabilities
55,039
77,797
Creditors: amounts falling due after more than one year
7
-
(10,482)
Provisions for liabilities
Deferred tax
(7,134)
(8,221)
Net assets
47,905
59,094
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
47,805
58,994
Shareholders' funds
47,905
59,094
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by
Z. Bojarski Director Company Registration No. 05195904
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NEAT CUT LIMITED Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
NEAT CUT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05195904. The registered office is 48 Beechcroft Road, Bushey, Herts, WD23 2JU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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:
Plant & machinery
20% Written Down Value
Motor vehicles
10% Written Down Value
Inventories
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 taxation
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.
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NEAT CUT LIMITED Notes to the Accounts for the year ended 31 July 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 August 2024
126,802
23,667
150,469
Additions
2,574
-
2,574
At 31 July 2025
129,376
23,667
153,043
Depreciation
At 1 August 2024
95,608
21,975
117,583
Charge for the year
6,754
169
6,923
At 31 July 2025
102,362
22,144
124,506
Net book value
At 31 July 2025
27,014
1,523
28,537
At 31 July 2024
31,194
1,692
32,886
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
111,470
90,000
Accrued income and prepayments
6,250
6,250
117,720
96,250
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
8,740
8,522
Trade creditors
24,729
14,474
Taxes and social security
38,153
54,899
Other creditors
16,867
21,965
Loans from directors
113,958
133,958
202,447
233,818
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
10,482
The Bank Loan shown is the Government guaranteed Covid-19 'Bounce Back Loan' received under the Government Job Retention Scheme.
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
- 7 -
NEAT CUT LIMITED Notes to the Accounts for the year ended 31 July 2025
9
Transactions with related parties
Dividends paid during the year 2025 £80000 ( 2024 £120000) paid to the Directors.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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