REGISTERED NUMBER: 07757271 (England and Wales)

KITCHEN CUT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A McQuillan

Mr J D Wood

Mr M Sanders

REGISTERED OFFICE:

Suite 10, The Hub

14 Station Road

Henley-On-Thames

Oxfordshire

RG9 1AY

REGISTERED NUMBER:

07757271 (England and Wales)

ACCOUNTANTS:

Wallace Crooke

Chartered Accountants

College House

St. Leonards Close

Bridgnorth

Shropshire

WV16 4EJ

FIXED ASSETS

Intangible assets

4

973,030

1,060,933

Tangible assets

5

5,094

6,894

978,124

1,067,827

CURRENT ASSETS

Debtors

6

387,205

191,696

Cash at bank and in hand

14,172

24,790

401,377

216,486

CREDITORS

Amounts falling due within one year

7

1,369,763

1,233,814

NET CURRENT LIABILITIES

(968,386

)

(1,017,328

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,738

50,499

CREDITORS

Amounts falling due after more than one year

8

400,681

444,634

NET LIABILITIES

(390,943

)

(394,135

)

CAPITAL AND RESERVES

Called up share capital

9

139

139

Share premium

22,761

22,761

Retained earnings

(413,843

)

(417,035

)

SHAREHOLDERS' FUNDS

(390,943

)

(394,135

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 December 2025 and were signed on its behalf by:

Mr A McQuillan - Director

1.	STATUTORY INFORMATION

Kitchen Cut 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.

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.

This may not be appropriate because at 31st March 2025 the company's liabilities exceeded its assets by £390,943 (2024 - £394,135). The Directors however believe that with the ongoing support of the company's shareholders, that it is appropriate to prepare the financial statements on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce balance sheet values of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Computer equipment

-

25% on cost

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 13 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Software

developmen

costs

£

COST

At 1 April 2024

and 31 March 2025

1,811,932

AMORTISATION

At 1 April 2024

750,999

Amortisation for year

87,903

At 31 March 2025

838,902

NET BOOK VALUE

At 31 March 2025

973,030

At 31 March 2024

1,060,933

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

22,854

Additions

1,190

At 31 March 2025

24,044

DEPRECIATION

At 1 April 2024

15,960

Charge for year

2,990

At 31 March 2025

18,950

NET BOOK VALUE

At 31 March 2025

5,094

At 31 March 2024

6,894

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

140,001

143,253

Amounts owed by group undertakings

207,753

-

Other debtors

39,451

48,443

387,205

191,696

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,805

38,631

Trade creditors

13,839

10,007

Amounts owed to group undertakings

476,295

344,073

Taxation and social security

38,765

44,805

Other creditors

830,059

796,298

1,369,763

1,233,814

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

681

11,023

Other creditors

400,000

433,611

400,681

444,634

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

13,900

Ordinary

1p

139

139