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Registration number: 09158076

Quikcuts Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Quikcuts Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 11

Quikcuts Limited

Company Information

Directors | James Hird John Hird Jonathan Hird

Registered office | 28 Little Birches Sidcup Kent DA15 7LW

Accountants | Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 0RB

Quikcuts Limited

(Registration number: 09158076)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 6 | 49,731 | 12,796
Investment property | 7 | 665,000 | 665,000
|  | 714,731 | 677,796
Current assets |  |  |
Stocks | 8 | 5,847 | 4,694
Debtors | 9 | 154,324 | 198,056
Cash at bank and in hand |  | 114,592 | 110,209
|  | 274,763 | 312,959
Creditors: Amounts falling due within one year | 10 | (108,185) | (123,506)
Net current assets |  | 166,578 | 189,453
Total assets less current liabilities |  | 881,309 | 867,249
Creditors: Amounts falling due after more than one year | 10 | (368,275) | (383,896)
Provisions for liabilities |  | (12,433) | (6,721)
Net assets |  | 500,601 | 476,632
Capital and reserves |  |  |
Called up share capital | 13 | 100 | 100
Retained earnings |  | 500,501 | 476,532
Shareholders' funds |  | 500,601 | 476,632

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 May 2026 and signed on its behalf by:

Quikcuts Limited

(Registration number: 09158076)
Balance Sheet as at 31 August 2025

......................................... Jonathan Hird Director

Quikcuts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Little Birches
Sidcup
Kent
DA15 7LW

These financial statements were authorised for issue by the Board on 26 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the periods in which the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and when the service is performed, if the service straddles more than one accounting period, income is recognised on a pro rata basis.

Quikcuts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Quikcuts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Quikcuts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

4 | Taxation

Tax charged/(credited) in the income statement

| 2025 £ | 2024 £
Current taxation |  |
UK corporation tax | 26,221 | 59,366
Deferred taxation |  |
Arising from origination and reversal of timing differences | 5,712 | 704
Tax expense in the income statement | 31,933 | 60,070

Quikcuts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

5 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 September 2024 | 16,000 | 16,000
At 31 August 2025 | 16,000 | 16,000
Amortisation
At 1 September 2024 | 16,000 | 16,000
At 31 August 2025 | 16,000 | 16,000
Carrying amount
At 31 August 2025 | - | -

6 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 September 2024 | 101,612 | 101,612
Additions | 65,358 | 65,358
Disposals | (1,980) | (1,980)
At 31 August 2025 | 164,990 | 164,990
Depreciation
At 1 September 2024 | 88,816 | 88,816
Charge for the year | 28,423 | 28,423
Eliminated on disposal | (1,980) | (1,980)
At 31 August 2025 | 115,259 | 115,259
Carrying amount
At 31 August 2025 | 49,731 | 49,731
At 31 August 2024 | 12,796 | 12,796

Quikcuts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7 | Investment properties

| 2025 £
At 1 September | 665,000
Additions | 1,295
Fair value adjustments | (1,295)
At 31 August | 665,000

The directors' believe there has been no change in value of the property. A valuation was completed during the year and valued the property at £665,000.

8 | Stocks

| 2025 £ | 2024 £
Other inventories | 5,847 | 4,694

9 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 153,025 | 176,383
Prepayments | 1,299 | 1,261
Other debtors | - | 20,412
| 154,324 | 198,056

Quikcuts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

10 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 11 | 32,653 | 32,654
Trade creditors |  | - | 401
Taxation and social security |  | 74,055 | 89,024
Accruals and deferred income |  | 1,295 | 1,245
Other creditors |  | 182 | 182
|  | 108,185 | 123,506

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 11 | 368,275 | 383,896

11 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 368,275 | 383,896

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 32,653 | 32,654

12 | Deferred tax and other provisions

| Deferred tax £ | Total £
At 1 September 2024 | 6,721 | 6,721
Increase (decrease) in existing provisions | 5,712 | 5,712
At 31 August 2025 | 12,433 | 12,433

Quikcuts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

13 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

14 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £904.00 (2024 - £882.00) per ordinary share |  | 90,400 |  | 88,200

15 | Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 25,142 | 25,140
Contributions paid to money purchase schemes | 3,773 | 3,762
| 28,915 | 28,902