Accurate Cutting Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 00948502 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Accurate Cutting Services Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M K Fleeming

G R Fleeming

SECRETARY:

G R Fleeming

REGISTERED OFFICE:

Unit 44 Crossgate Road

Park Farm Industrial Estate

Redditch

Worcestershire

B98 7SN

REGISTERED NUMBER:

00948502 (England and Wales)

ACCOUNTANTS:

Derek Young & Co Accountants LLP

Chartered Accountants

Estate House

Evesham Street

Redditch

Worcestershire

B97 4HP

BANKERS:

HSBC Bank plc

Church Green West

Redditch

Worcestershire

B97 4EA

FIXED ASSETS

Tangible assets

4

1,440,931

1,514,123

Investments

5

-

1

1,440,931

1,514,124

CURRENT ASSETS

Stocks

171,456

491,443

Debtors

319,643

537,302

Cash at bank

713,551

540,671

1,204,650

1,569,416

CREDITORS

Amounts falling due within one year

188,523

418,224

NET CURRENT ASSETS

1,016,127

1,151,192

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,457,058

2,665,316

PROVISIONS FOR LIABILITIES

164,890

183,188

NET ASSETS

2,292,168

2,482,128

CAPITAL AND RESERVES

Called up share capital

6

750

Revaluation reserve

7

960,160

Retained earnings

1,331,258

1,521,218

SHAREHOLDERS' FUNDS

2,292,168

2,482,128

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 July 2026 and were signed on its behalf by:

M K Fleeming - Director

1.	STATUTORY INFORMATION

Accurate Cutting Services Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Tangible fixed assets

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

Freehold property

-

2% on cost

Electrical installations

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Tangible fixed assets are included in the financial statements at cost or valuation less depreciation or amortisation.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2025 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2025

3,488,121

Additions

13,225

Disposals

(96,492

)

At 31 March 2026

3,404,854

DEPRECIATION

At 1 April 2025

1,973,998

Charge for year

49,154

Eliminated on disposal

(59,229

)

At 31 March 2026

1,963,923

NET BOOK VALUE

At 31 March 2026

1,440,931

At 31 March 2025

1,514,123

Cost or valuation at 31 March 2026 is represented by:

Totals

£

Valuation in 2002

206,220

Valuation in 2006

165,000

Valuation in 2009

(151,250

)

Valuation in 2011

(98,750

)

Valuation in 2014

67,500

Valuation in 2015

127,500

Valuation in 2018

154,686

Valuation in 2021

150,000

Valuation in 2024

190,000

Cost

2,593,948

3,404,854

If freehold properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

Cost

489,094

Aggregate depreciation

194,403

185,547

Freehold properties were valued on an open market basis on 31 March 2026 by the directors .

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2025

1

Disposals

(1

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

1

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

250

Ordinary

£1

250

500

'A' Ordinary

£1

500

750

The shares shall have the following voting rights (whether at a general meeting or by way of a written resolution)

The Ordinary Shares shall have three votes per share, and

The 'A' Ordinary Shares shall have one vote per share.

7.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

960,160

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

G R Fleeming

Balance outstanding at start of year

-

833

Amounts repaid

-

(833

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

9.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by Mr M K Fleeming by virtue of his 60% share of the voting rights.