REGISTERED NUMBER: 04598347 (England and Wales)

CUTTING TECHNOLOGIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2025

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

7

FIXED ASSETS

Tangible assets

4

1,306,872

1,490,330

Investments

5

200

-

1,307,072

1,490,330

CURRENT ASSETS

Stocks

44,864

42,704

Debtors

6

754,223

785,913

Cash at bank

129,692

167,317

928,779

995,934

CREDITORS

Amounts falling due within one year

7

1,362,620

1,438,842

NET CURRENT LIABILITIES

(433,841

)

(442,908

)

TOTAL ASSETS LESS CURRENT LIABILITIES

873,231

1,047,422

CREDITORS

Amounts falling due after more than one year

8

(19,676

)

(111,276

)

PROVISIONS FOR LIABILITIES

(265,091

)

(232,836

)

NET ASSETS

588,464

703,310

CAPITAL AND RESERVES

Called up share capital

11

50,000

50,000

Capital redemption reserve

10,001

10,001

Retained earnings

528,463

643,309

SHAREHOLDERS' FUNDS

588,464

703,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 22nd April 2026 and were signed on its behalf by:

S Neville - Director

L Allen - Director

1.	STATUTORY INFORMATION

Cutting Technologies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04598347

Registered office:

Units G & H Zenith Park

Whaley Road

Barnsley

S75 1HT

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.

At the time of signing these accounts, having considered the economic climate, the directors' expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from the sale of laser cutting and laser engraving services on metals, wood, plastics and other materials is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant & machinery

10% - 50% Straight line

Fixtures, fittings & equipment

10% - 33.33% Straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account 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.

Financial instruments

The company only enters into transactions in 'basic' financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company's balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st December 2024

3,008,707

Additions

11,305

Disposals

(34,525

)

At 30th November 2025

2,985,487

DEPRECIATION

At 1st December 2024

1,518,377

Charge for year

194,763

Eliminated on disposal

(34,525

)

At 30th November 2025

1,678,615

NET BOOK VALUE

At 30th November 2025

1,306,872

At 30th November 2024

1,490,330

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

200

At 30th November 2025

200

NET BOOK VALUE

At 30th November 2025

200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

613,796

670,636

Other debtors

140,427

115,277

754,223

785,913

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

91,599

108,699

Trade creditors

723,034

877,114

Taxation and social security

156,575

138,144

Other creditors

391,412

314,885

1,362,620

1,438,842

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

19,676

111,276

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

91,599

108,699

Between one and five years

19,676

111,276

111,275

219,975

Non-cancellable

operating leases

2025

2024

£

£

Within one year

159,430

115,872

Between one and five years

495,705

398,264

In more than five years

-

38,882

655,135

553,018

10.	SECURED DEBTS

Hire purchase loans totalling £111,275 (2024 - £219,975) are secured against the asset they relate to.

The HSBC factoring account totalling £313,096 (2024: £160,780) is secured over all the assets of the company.

11.	CALLED UP SHARE CAPITAL

2024

2023

£

£

Allotted, called up and fully paid

12,500 Ordinary A Shares shares of £1 each

12,500

12,500

12,500 Ordinary B Shares shares of £1 each

12,500

12,500

12,500 Ordinary C Shares shares of £1 each

12,500

12,500

12,500 Ordinary D Shares shares of £1 each

12,500

12,500

50,000

50,000

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year there were advances to directors totalling £9,879 (2024: £97,479) and repayments from directors totalling £3,645 (2024: £48,963) in respect of loans with the company. At the balance sheet date of the current year the amount due from directors was £5,900. At the balance sheet date of the prior year the amount due to directors was £334.

The loans had no interest charged and were repayable on demand.

13.	PARENT COMPANY

Cutting Technologies Limited is a wholly owned subsidiary of Cutting Technologies Holdings Limited. Cutting Technologies Holdings Limited is registered in England and Wales. A copy of Cutting Technologies Holdings Limited accounts can be obtained from Companies House.