REGISTERED NUMBER: 03742114 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th April 2026

for

Cad Cut Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A T Ford

Ms R Ford

Mr P J Chilcott

Mr S P Chilcott

SECRETARY:

Mr A T Ford

REGISTERED OFFICE:

Unit 8 Ridgeway Industrial Centre

Chapel Lane

Fishponds

Bristol

City of Bristol

BS5 7EY

REGISTERED NUMBER:

03742114 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Intangible assets

4

49

674

Tangible assets

5

23,703

29,738

23,752

30,412

CURRENT ASSETS

Stocks

6

36,000

38,500

Debtors

7

168,420

168,542

Cash at bank and in hand

8

80,405

107,801

284,825

314,843

CREDITORS

Amounts falling due within one year

9

155,651

141,518

NET CURRENT ASSETS

129,174

173,325

TOTAL ASSETS LESS CURRENT LIABILITIES

152,926

203,737

CREDITORS

Amounts falling due after more than one year

10

-

(2,500

)

PROVISIONS FOR LIABILITIES

(4,237

)

(6,297

)

NET ASSETS

148,689

194,940

CAPITAL AND RESERVES

Called up share capital

12

2,000

2,000

Retained earnings

13

146,689

192,940

SHAREHOLDERS' FUNDS

148,689

194,940

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 27th July 2026 and were signed on its behalf by:

Mr A T Ford - Director

1.	STATUTORY INFORMATION

Cad Cut 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.

The financial statements are presented in sterling (£), which is the functional currency of the company.

Critical accounting 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 amounts of assets and liabilities that are not readily apparent from other sources. These estimates and underlying assumptions are based on historical experience and other factors considered to be relevant.

Actual results may differ from these estimates.

The key judgements and sources of estimation uncertainty are as follows:

Valuation of stocks

Stocks are valued at the lower of cost and net realisable value. The directors exercise judgement in assessing the recoverability of stock and making appropriate provision for obsolete or slow-moving items.

Useful economic lives of tangible fixed assets

Depreciation is calculated based on the estimated useful lives of assets. The directors review these estimates annually and revise them where necessary to reflect current conditions.

Recoverability of trade debtors

The company reviews trade debtors for impairment and makes provision where there is objective evidence that amounts may not be recoverable. This requires judgement in assessing the creditworthiness of customers and historical collection experience.

Turnover

Turnover represents the invoiced value of goods and services supplied during the year, excluding value added tax. Revenue from plasma and flame cutting services is recognised at the point the work is completed and delivered to the customer, or when collection occurs, as this is when control passes and the company has an enforceable right to payment. Where work is performed over a period of time, turnover is recognised when the performance obligation has been satisfied, based on the stage of completion where this can be reliably measured.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Reducing balance over 3 years

Financial instruments

The company applies Section 11 "Basic Financial Instruments". Financial assets and liabilities are recognised at transaction price and subsequently measured at amortised cost.

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.

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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the company’s financial position and are satisfied that it will be able to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st May 2025

and 30th April 2026

4,875

AMORTISATION

At 1st May 2025

4,201

Charge for year

625

At 30th April 2026

4,826

NET BOOK VALUE

At 30th April 2026

49

At 30th April 2025

674

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st May 2025

3,089

254,965

4,241

Additions

-

-

-

At 30th April 2026

3,089

254,965

4,241

DEPRECIATION

At 1st May 2025

3,089

228,440

3,565

Charge for year

-

5,689

169

At 30th April 2026

3,089

234,129

3,734

NET BOOK VALUE

At 30th April 2026

-

20,836

507

At 30th April 2025

-

26,525

676

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st May 2025

9,490

15,632

287,417

Additions

-

707

707

At 30th April 2026

9,490

16,339

288,124

DEPRECIATION

At 1st May 2025

9,098

13,487

257,679

Charge for year

98

786

6,742

At 30th April 2026

9,196

14,273

264,421

NET BOOK VALUE

At 30th April 2026

294

2,066

23,703

At 30th April 2025

392

2,145

29,738

6.

STOCKS

30.4.26

30.4.25

£

£

Stocks

36,000

38,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Trade debtors

165,617

161,980

Other debtors

-

3,042

Prepayments

2,803

3,520

168,420

168,542

8.	CASH AT BANK AND IN HAND

30.4.26

30.4.25

£

£

Bank account

26,155

17,551

Bank account no. 2

54,000

90,000

Cash in hand

250

250

80,405

107,801

Cash and cash equivalents comprise cash at bank and in hand and short-term deposits with an original maturity of three months or less.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Bank loans and overdrafts

2,500

10,000

Trade creditors

115,525

89,949

Tax

2,167

20,657

Social security and other taxes

2,771

(2,831

)

VAT

14,270

15,237

Other creditors

10,684

1,633

Directors' current accounts

5,434

4,688

Accrued expenses

2,300

2,185

155,651

141,518

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.26

30.4.25

£

£

Bank loans - 1-2 years

-

2,500

11.	SECURED DEBTS

There were no secured debts at the year end.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.26

30.4.25

value:

£

£

1,000

Ordinary A

£1

1,000

1,000

1,000

Ordinary B

£1

1,000

1,000

2,000

2,000

13.

RESERVES

Retained

earnings

£

At 1st May 2025

192,940

Profit for the year

3,749

Dividends

(50,000

)

At 30th April 2026

146,689

14.	CONTINGENT LIABILITIES

The company had no contingent liabilities at the balance sheet date.

15.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had no capital or other financial commitments.

16.	RELATED PARTY DISCLOSURES

During the year, the company entered into the following transactions with related parties:

Directors' loan account: At the year end, the company owed £5,434 to the directors (2024: £4,688). The balance is unsecured, interest-free and repayable on demand.

17.	POST BALANCE SHEET EVENTS

On 15 May 2026, the shares held by Mr G D Saunders and Mrs N Saunders were transferred to Chilcott Group Limited. Following the acquisition, Mr G D Saunders and Mrs N Saunders resigned as directors and Mr Simon Paul Chilcott and Mr Peter James Chilcott were appointed as directors.