Acorah Software Products - Accounts Production 16.5.460 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 07060417 Mr Anthony Cox Mr Daniel Anthony Cox true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07060417 2024-01-31 07060417 2025-01-31 07060417 2024-02-01 2025-01-31 07060417 frs-core:CurrentFinancialInstruments 2025-01-31 07060417 frs-core:Non-currentFinancialInstruments 2025-01-31 07060417 frs-core:MotorVehicles 2025-01-31 07060417 frs-core:MotorVehicles 2024-02-01 2025-01-31 07060417 frs-core:MotorVehicles 2024-01-31 07060417 frs-core:PlantMachinery 2025-01-31 07060417 frs-core:PlantMachinery 2024-02-01 2025-01-31 07060417 frs-core:PlantMachinery 2024-01-31 07060417 frs-core:ShareCapital 2025-01-31 07060417 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 07060417 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07060417 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 07060417 frs-bus:SmallEntities 2024-02-01 2025-01-31 07060417 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 07060417 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 07060417 1 2024-02-01 2025-01-31 07060417 frs-bus:Director1 2024-02-01 2025-01-31 07060417 frs-bus:Director2 2024-02-01 2025-01-31 07060417 frs-countries:EnglandWales 2024-02-01 2025-01-31 07060417 2023-01-31 07060417 2024-01-31 07060417 2023-02-01 2024-01-31 07060417 frs-core:CurrentFinancialInstruments 2024-01-31 07060417 frs-core:Non-currentFinancialInstruments 2024-01-31 07060417 frs-core:ShareCapital 2024-01-31 07060417 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 07060417
Cut In It Fine Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07060417
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 153,522 174,471
153,522 174,471
CURRENT ASSETS
Stocks 34,374 -
Debtors 5 62,023 43,721
96,397 43,721
Creditors: Amounts Falling Due Within One Year 6 (169,154 ) (118,646 )
NET CURRENT ASSETS (LIABILITIES) (72,757 ) (74,925 )
TOTAL ASSETS LESS CURRENT LIABILITIES 80,765 99,546
Creditors: Amounts Falling Due After More Than One Year 7 (130,105 ) (54,567 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,213 ) (33,373 )
NET (LIABILITIES)/ASSETS (62,553 ) 11,606
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (62,653 ) 11,506
SHAREHOLDERS' FUNDS (62,553) 11,606
Page 1
Page 2
For the year ending 31 January 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Anthony Cox
Director
8 September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cut In It Fine Limited , registered number 07060417 is a limited by shares company incorporated in England & Wales. The Registered Office is 50 Woodgate, Leicester, LE3 5GF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
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Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2024 488,110 79,533 567,643
Additions - 9,200 9,200
Disposals - (1,450 ) (1,450 )
As at 31 January 2025 488,110 87,283 575,393
Depreciation
As at 1 February 2024 327,834 65,338 393,172
Provided during the period 24,042 5,849 29,891
Disposals - (1,192 ) (1,192 )
As at 31 January 2025 351,876 69,995 421,871
Net Book Value
As at 31 January 2025 136,234 17,288 153,522
As at 1 February 2024 160,276 14,195 174,471
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 6,900 12,712
Other debtors 1,642 2,345
Corporation tax recoverable assets 1,657 -
Amounts owed by group undertakings 51,824 28,664
62,023 43,721
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 52,919 55,271
Bank loans and overdrafts 69,991 18,957
Corporation tax 9,327 9,327
Other taxes and social security 6,914 13,489
Other creditors 30,003 21,602
169,154 118,646
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 9,036 14,105
Other creditors 121,069 40,462
130,105 54,567
8. Ultimate Parent Undertaking and Controlling Party
The company's parent undertaking is CIF Holdings Limited, a company incorporated in Great Britain. The registered office address is 50 Woodgate, Leicester, LE3 5GF.
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