REGISTERED NUMBER: 04197648 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Oliver Cutts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O A S Cutts

Mrs J A Newman

M Burchfield

REGISTERED OFFICE:

Folds Farm

Godshillwood

Fordingbridge

Hampshire

SP6 2LU

REGISTERED NUMBER:

04197648 (England and Wales)

ACCOUNTANTS:

Simon Scott Accounts

17 Donnelly Road

Bournemouth

Dorset

BH6 5NW

FIXED ASSETS

Tangible assets

4

7,290,743

7,567,868

CURRENT ASSETS

Debtors

5

317,739

372,127

Cash at bank

46,366

332,613

364,105

704,740

CREDITORS

Amounts falling due within one year

6

1,672,980

1,578,185

NET CURRENT LIABILITIES

(1,308,875

)

(873,445

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,981,868

6,694,423

CREDITORS

Amounts falling due after more than one year

7

(2,776,587

)

(3,245,510

)

PROVISIONS FOR LIABILITIES

8

(561,467

)

(626,267

)

NET ASSETS

2,643,814

2,822,646

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

2,643,813

2,822,645

SHAREHOLDERS' FUNDS

2,643,814

2,822,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 23 June 2026 and were signed on its behalf by:

O A S Cutts - Director

1.	STATUTORY INFORMATION

Oliver Cutts 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.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have been passed to the company are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Office

Motor

property

machinery

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2025

4,956,723

5,563,840

46,675

1,977,253

12,544,491

Additions

-

446,884

7,445

110,500

564,829

Disposals

(3,170

)

(142,700

)

-

(132,197

)

(278,067

)

At 31 March 2026

4,953,553

5,868,024

54,120

1,955,556

12,831,253

DEPRECIATION

At 1 April 2025

-

3,762,005

45,110

1,169,508

4,976,623

Charge for year

-

533,589

2,252

218,221

754,062

Eliminated on disposal

-

(103,339

)

-

(86,836

)

(190,175

)

At 31 March 2026

-

4,192,255

47,362

1,300,893

5,540,510

NET BOOK VALUE

At 31 March 2026

4,953,553

1,675,769

6,758

654,663

7,290,743

At 31 March 2025

4,956,723

1,801,835

1,565

807,745

7,567,868

Included within the net book value of tangible fixed assets is £1,514,419 (2025 - £1,924,290) in respect of assets held under finance lease agreements and hire purchase contracts. Depreciation for the year on these assets was £504,806 (2025 - £641,429).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

98,400

-

Other debtors

219,339

372,127

317,739

372,127

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

133,333

133,333

Hire purchase contracts

674,243

940,074

Trade creditors

84,686

15,532

Taxation and social security

9,992

198,345

Other creditors

770,726

290,901

1,672,980

1,578,185

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

1,765,337

1,846,864

Hire purchase contracts

1,011,250

1,398,646

2,776,587

3,245,510

8.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

561,467

626,267

Deferred

tax

£

Balance at 1 April 2025

626,267

Credit to Income Statement during year

(64,800

)

Balance at 31 March 2026

561,467

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

1

Ordinary

£1

1

1

10.	RELATED PARTY DISCLOSURES