REGISTERED NUMBER: 04811705 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

CUTS BOTH WAYS (DEAL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D E Stroud

SECRETARY:

D E Stroud

REGISTERED OFFICE:

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

REGISTERED NUMBER:

04811705 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

1,206

-

1,206

CURRENT ASSETS

Stocks

-

2,611

Debtors

6

6,100

1,942

Cash at bank

-

20,638

6,100

25,191

CREDITORS

Amounts falling due within one year

7

-

3,608

NET CURRENT ASSETS

6,100

21,583

TOTAL ASSETS LESS CURRENT LIABILITIES

6,100

22,789

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

6,000

22,689

SHAREHOLDERS' FUNDS

6,100

22,789

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 director acknowledges his 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 director and authorised for issue on 7 October 2025 and were signed by:

D E Stroud - Director

1.	STATUTORY INFORMATION

Cuts Both Ways (Deal) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The company's principal place of business is 86 Mill Hill, Deal, Kent, CT14 9JB.

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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

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 and also pays into the personal scheme of the director. Contributions payable are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

35,000

Disposals

(35,000

)

At 30 June 2025

-

AMORTISATION

At 1 July 2024

35,000

Eliminated on disposal

(35,000

)

At 30 June 2025

-

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Equipment

fittings

Totals

£

£

£

COST

At 1 July 2024

4,686

5,166

9,852

Disposals

(4,686

)

(5,166

)

(9,852

)

At 30 June 2025

-

-

-

DEPRECIATION

At 1 July 2024

4,132

4,514

8,646

Eliminated on disposal

(4,132

)

(4,514

)

(8,646

)

At 30 June 2025

-

-

-

NET BOOK VALUE

At 30 June 2025

-

-

-

At 30 June 2024

554

652

1,206

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Other debtors

100

1,000

Director's current account

6,000

-

Tax

-

47

Prepayments and accrued income

-

895

6,100

1,942

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Social security and other taxes

-

1,374

Other creditors

-

37

Director's current account

-

757

Accruals

-

1,440

-

3,608

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

NIL

Ordinary

£1

-

100

(30.6.24 - 100 )

90

Ordinary A

£1

90

-

10

Ordinary B

£1

10

-

100

100

During the year the ordinary shares were redesignated into A and B shares as set out above.

9.	GOING CONCERN

The company ceased to trade on 30 June 2025, and is therefore no longer a going concern.