Company registration number 03925518 (England and Wales)
ROUGH CUT (GREASBY) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ROUGH CUT (GREASBY) LIMITED
COMPANY INFORMATION
Director
P. Moore
Company number
03925518
Registered office
Suites C,D,E, & F
14th Floor The Plaza
100 Old Hall Street
Liverpool
L3 9QJ
Accountants
Mitchell Charlesworth
Suites C,D,E, & F
14th Floor The Plaza
100 Old Hall Street
Liverpool
L3 9QJ
ROUGH CUT (GREASBY) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
ROUGH CUT (GREASBY) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
35,892
42,238
Current assets
Stocks
4,350
4,250
Debtors
5
3,948
5,080
Cash at bank and in hand
36,677
36,507
44,975
45,837
Creditors: amounts falling due within one year
6
(26,652)
(23,426)
Net current assets
18,323
22,411
Total assets less current liabilities
54,215
64,649
Creditors: amounts falling due after more than one year
7
(45,751)
(56,577)
Provisions for liabilities
(8,025)
(8,025)
Net assets
439
47
Capital and reserves
Called up share capital
8
4
4
Profit and loss reserves
435
43
Total equity
439
47
ROUGH CUT (GREASBY) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 8 September 2025
P. Moore
Director
Company registration number 03925518 (England and Wales)
ROUGH CUT (GREASBY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Rough Cut (Greasby) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suites C,D,E, & F, 14th Floor The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% and 33% reducing balance
Motor vehicles
25% reducing balance
ROUGH CUT (GREASBY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ROUGH CUT (GREASBY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
ROUGH CUT (GREASBY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
30,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
30,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
4
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 April 2024
20,307
52,010
72,317
Additions
5,034
-
0
5,034
Disposals
(1,667)
-
0
(1,667)
At 31 March 2025
23,674
52,010
75,684
Depreciation and impairment
At 1 April 2024
17,076
13,003
30,079
Depreciation charged in the year
1,628
9,752
11,380
Eliminated in respect of disposals
(1,667)
-
0
(1,667)
At 31 March 2025
17,037
22,755
39,792
Carrying amount
At 31 March 2025
6,637
29,255
35,892
At 31 March 2024
3,231
39,007
42,238
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
3,523
4,744
Prepayments and accrued income
425
336
3,948
5,080
ROUGH CUT (GREASBY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
4,667
4,667
Obligations under finance leases
6,161
6,161
Corporation tax
3,429
3,132
Other taxation and social security
6,765
6,511
Other creditors
511
-
0
Accruals and deferred income
5,119
2,955
26,652
23,426
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
20,223
24,889
Obligations under finance leases
25,528
31,688
45,751
56,577
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
4
4
4
4
2025-03-31 2024-04-01 false false false 08 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity P. Moore 03925518 2024-04-01 2025-03-31 03925518 bus:Director1 2024-04-01 2025-03-31 03925518 bus:RegisteredOffice 2024-04-01 2025-03-31 03925518 2025-03-31 03925518 2024-03-31 03925518 core:FurnitureFittings 2025-03-31 03925518 core:MotorVehicles 2025-03-31 03925518 core:FurnitureFittings 2024-03-31 03925518 core:MotorVehicles 2024-03-31 03925518 core:ShareCapital 2025-03-31 03925518 core:ShareCapital 2024-03-31 03925518 core:RetainedEarningsAccumulatedLosses 2025-03-31 03925518 core:RetainedEarningsAccumulatedLosses 2024-03-31 03925518 core:ShareCapitalOrdinaryShareClass1 2025-03-31 03925518 core:ShareCapitalOrdinaryShareClass1 2024-03-31 03925518 core:Goodwill 2024-04-01 2025-03-31 03925518 core:FurnitureFittings 2024-04-01 2025-03-31 03925518 core:MotorVehicles 2024-04-01 2025-03-31 03925518 2023-04-01 2024-03-31 03925518 core:NetGoodwill 2024-03-31 03925518 core:NetGoodwill 2025-03-31 03925518 core:NetGoodwill 2024-03-31 03925518 core:FurnitureFittings 2024-03-31 03925518 core:MotorVehicles 2024-03-31 03925518 2024-03-31 03925518 core:CurrentFinancialInstruments 2025-03-31 03925518 core:CurrentFinancialInstruments 2024-03-31 03925518 core:Non-currentFinancialInstruments 2025-03-31 03925518 core:Non-currentFinancialInstruments 2024-03-31 03925518 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 03925518 bus:OrdinaryShareClass1 2025-03-31 03925518 bus:OrdinaryShareClass1 2024-03-31 03925518 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03925518 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03925518 bus:FRS102 2024-04-01 2025-03-31 03925518 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 03925518 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP