REGISTERED NUMBER: 07252989 (England and Wales)

CUTTER & CO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

P J Cutter FCA

Miss K Jones FCA

D Hazlehurst ACA, CTA

M Toone ACA

REGISTERED OFFICE:

3 Lyttleton Court

Birmingham Street

Halesowen

West Midlands

B63 3HN

REGISTERED NUMBER:

07252989 (England and Wales)

ACCOUNTANTS:

CUTTER & CO LTD

CHARTERED ACCOUNTANTS

3 Lyttleton Court

Birmingham Street

Halesowen

West Midlands

B63 3HN

FIXED ASSETS

Intangible assets

4

92,612

117,872

Tangible assets

5

282,981

254,266

375,593

372,138

CURRENT ASSETS

Stocks

35,200

35,200

Debtors

6

272,492

243,475

Cash at bank and in hand

125,907

118,903

433,599

397,578

CREDITORS

Amounts falling due within one year

7

294,037

295,879

NET CURRENT ASSETS

139,562

101,699

TOTAL ASSETS LESS CURRENT LIABILITIES

515,155

473,837

CREDITORS

Amounts falling due after more than one year

8

(141,977

)

(120,643

)

PROVISIONS FOR LIABILITIES

(62,407

)

(52,876

)

NET ASSETS

310,771

300,318

CAPITAL AND RESERVES

Called up share capital

380

380

Retained earnings

310,391

299,938

SHAREHOLDERS' FUNDS

310,771

300,318

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 24th August 2026 and were signed on its behalf by:

D Hazlehurst ACA, CTA - Director

P J Cutter FCA - Director

Miss K Jones FCA - Director

M Toone ACA - Director

1.	STATUTORY INFORMATION

Cutter & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the value of professional services performed and billed during the period.

In addition to the amount billed an adjustment is made at each year end for work-in-progress which is valued by considering the stage of completion against the estimated final billable amount.

All amounts are measured excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2010 and 2020, is initially recorded at cost.

Goodwill is then amortised evenly over its estimated useful life of 10 years but at each year end the directors consider any necessary impairment.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer and office equipment

-

25% on reducing balance

Stock and work in progress

Stock is valued at the lower of cost and net realisable value, after making due allowances for obsolete items.

Work in progress is valued by considering the stage of completion against the estimated final billable amount of the job.

Financial instruments

The company has opted to apply the exemption from the provisions of Section 11 'Basic Financial Instruments' of FRS 102 in respect of all of its financial instruments.

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.

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 26 (2025 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2025

and 31st March 2026

735,154

AMORTISATION

At 1st April 2025

617,282

Charge for year

25,260

At 31st March 2026

642,542

NET BOOK VALUE

At 31st March 2026

92,612

At 31st March 2025

117,872

5.	TANGIBLE FIXED ASSETS

Computer

Improvements

and

to

Motor

office

property

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2025

288,493

52,439

103,816

444,748

Additions

-

66,950

13,390

80,340

Disposals

-

-

(34,290

)

(34,290

)

At 31st March 2026

288,493

119,389

82,916

490,798

DEPRECIATION

At 1st April 2025

88,155

33,271

69,056

190,482

Charge for year

22,176

13,802

10,303

46,281

Eliminated on disposal

-

-

(28,946

)

(28,946

)

At 31st March 2026

110,331

47,073

50,413

207,817

NET BOOK VALUE

At 31st March 2026

178,162

72,316

32,503

282,981

At 31st March 2025

200,338

19,168

34,760

254,266

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

235,404

214,139

Other debtors

37,088

29,336

272,492

243,475

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

35,625

49,309

Trade creditors

22,906

22,025

Taxation and social security

184,679

171,482

Other creditors

50,827

53,063

294,037

295,879

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

116,162

98,143

Other creditors

25,815

22,500

141,977

120,643

2026

2025

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years by installments

35,000

47,000

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

63,618

49,382

Between one and five years

57,316

72,916

120,934

122,298

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Directors loans

25,815

16,339

Bank loans

142,005

139,431

167,820

155,770

Included in bank loans is an amount of £95,000 (2025: £107,000) secured by a floating charge over the assets of the company.

Also included within bank loans is an amount of £47,005 (2025: £32,431) which is under a Hire Purchase Agreement and is secured on the asset to which it relates.

The directors loans are also secured by a floating charge over the assets of the company.

11.	RELATED PARTY DISCLOSURES

There have been no transactions during the year with related parties which have not been conducted under normal market conditions.

The company is controlled by it's directors.