Cut Above Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03030677

Cut Above Limited

Filleted Unaudited Financial Statements

31 March 2026

Cut Above Limited

Financial Statements

Year ended 31 March 2026

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 5

Cut Above Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	4		11,124	12,414

Current assets

Debtors	5	209,893	274,127
Cash at bank and in hand		214,535	167,000
		---------	---------
		424,428	441,127

Creditors: amounts falling due within one year	6	( 242,541)		( 270,942)
		---------		---------
Net current assets			181,887	170,185
			---------	---------
Total assets less current liabilities			193,011	182,599

Provisions

Taxation including deferred tax	( 2,781)	( 3,104)
	---------	---------
Net assets	190,230	179,495
	---------	---------

Cut Above Limited

Statement of Financial Position (continued)

31 March 2026

	2026		2025
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	190,130	179,395
	---------	---------
Shareholders funds	190,230	179,495
	---------	---------

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 March 2026 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 7 July 2026 , and are signed on behalf of the board by:

P R Grief

Director

Company registration number: 03030677

Cut Above Limited

Notes to the Financial Statements

Year ended 31 March 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 60 Longbridge Road, Barking, Essex, IG11 8RT.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

The turnover shown in the profit and loss account represents the value of services provided during the year.

Taxation

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.

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:

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. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2025	9,680	34,494	44,174
Additions	–	2,725	2,725
Disposals	–	( 7,766)	( 7,766)
	-------	--------	--------
At 31 March 2026	9,680	29,453	39,133
	-------	--------	--------
Depreciation
At 1 April 2025	8,381	23,379	31,760
Charge for the year	260	3,755	4,015
Disposals	–	( 7,766)	( 7,766)
	-------	--------	--------
At 31 March 2026	8,641	19,368	28,009
	-------	--------	--------
Carrying amount
At 31 March 2026	1,039	10,085	11,124
	-------	--------	--------
At 31 March 2025	1,299	11,115	12,414
	-------	--------	--------

5. Debtors

	2026	2025
	£	£
Trade debtors	70,363	55,346
Other debtors	139,530	218,781
	---------	---------
	209,893	274,127
	---------	---------

6. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	28,587	51,825
Corporation tax	44,494	28,215
Social security and other taxes	18,735	11,919
Other creditors	150,725	178,983
	---------	---------
	242,541	270,942
	---------	---------

7. Other financial commitments

Rental lease commitments not included in the balance sheet amount to £1,218,921. (2025 - £844,876)