Cutting Edge (Latchingdon) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13111452

Cutting Edge (Latchingdon) Limited

Filleted Unaudited Financial Statements

31 January 2026

Cutting Edge (Latchingdon) Limited

Statement of Financial Position

31 January 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5		123,724		146,697

Current assets

Stocks		12,803	12,852
Debtors	6	94,219	96,697
Cash at bank and in hand		102,192	37,094
		---------	---------
		209,214	146,643

Creditors: amounts falling due within one year	7	160,412		96,699
		---------		---------
Net current assets			48,802		49,944
			---------		---------
Total assets less current liabilities			172,526		196,641

Creditors: amounts falling due after more than one year	8		18,321		31,486

Provisions	23,508	27,872
	---------	---------
Net assets	130,697	137,283
	---------	---------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		130,597	137,183
		---------	---------
Shareholders funds		130,697	137,283
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

Cutting Edge (Latchingdon) Limited

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 20 May 2026 , and are signed on behalf of the board by:

Mr D C Moore
Director

Company registration number: 13111452

Cutting Edge (Latchingdon) Limited

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 20, Mayfair Industrial Area, Maldon Road, Latchingdon, Essex, CM3 6LF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Fixtures and fittings	-	20% straight line
Motor vehicles	-	20% straight line
Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

Stocks

Stocks are measured 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 the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2025: 6 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 February 2025	192,707	2,188	69,472	7,781	272,148
Additions	14,450	–	69,175	–	83,625
Disposals	–	–	( 69,472)	–	( 69,472)
	---------	-------	--------	-------	---------
At 31 January 2026	207,157	2,188	69,175	7,781	286,301
	---------	-------	--------	-------	---------
Depreciation
At 1 February 2025	107,365	1,246	12,737	4,103	125,451
Charge for the year	40,950	438	13,865	1,557	56,810
Disposals	–	–	( 19,684)	–	( 19,684)
	---------	-------	--------	-------	---------
At 31 January 2026	148,315	1,684	6,918	5,660	162,577
	---------	-------	--------	-------	---------
Carrying amount
At 31 January 2026	58,842	504	62,257	2,121	123,724
	---------	-------	--------	-------	---------
At 31 January 2025	85,342	942	56,735	3,678	146,697
	---------	-------	--------	-------	---------

6. Debtors

	2026	2025
	£	£
Trade debtors	91,390	50,874
Other debtors	2,829	45,823
	--------	--------
	94,219	96,697
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	–	2,981
Trade creditors	10,672	21,633
Accruals and deferred income	3,415	13,134
Corporation tax	59,645	8,003
Social security and other taxes	19,824	23,696
Obligations under finance leases and hire purchase contracts	12,792	17,277
Director loan accounts	41,188	–
Other creditors	12,876	9,975
	---------	--------
	160,412	96,699
	---------	--------

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Obligations under finance leases and hire purchase contracts	18,321	31,486
	--------	--------

9. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Director's advances, credits and guarantees

At the year end the director owed the company £Nil (2025 - £44,452) which is shown amongst other debtors.

11. Related party transactions

At the year end the company owed its directors £41,188 (2025 - £Nil) which is shown amongst creditors.