REGISTERED NUMBER: 08345989 (England and Wales)

CUTTING EDGE TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTOR:

J Masters

REGISTERED OFFICE:

Unit 2

Central Ave

Cradley Heath

B64 7BY

REGISTERED NUMBER:

08345989 (England and Wales)

ACCOUNTANTS:

CUTTER & CO LTD

CHARTERED ACCOUNTANTS

3 Lyttleton Court

Birmingham Street

Halesowen

West Midlands

B63 3HN

FIXED ASSETS

Tangible assets

4

51,432

67,950

CURRENT ASSETS

Stocks

5

25,000

12,000

Debtors

6

111,891

226,431

Cash at bank

60,243

15,347

197,134

253,778

CREDITORS

Amounts falling due within one year

7

320,643

304,704

NET CURRENT LIABILITIES

(123,509

)

(50,926

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(72,077

)

17,024

PROVISIONS FOR LIABILITIES

8

9,772

16,988

NET (LIABILITIES)/ASSETS

(81,849

)

36

CAPITAL AND RESERVES

Called up share capital

9

8

4

Retained earnings

10

(81,857

)

32

SHAREHOLDERS' FUNDS

(81,849

)

36

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26th October 2026 and were signed by:

J Masters - Director

1.	STATUTORY INFORMATION

Cutting Edge Trading 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2025 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st February 2025

and 31st January 2026

287,627

12,247

10,000

309,874

DEPRECIATION

At 1st February 2025

224,797

7,560

9,567

241,924

Charge for year

15,707

703

108

16,518

At 31st January 2026

240,504

8,263

9,675

258,442

NET BOOK VALUE

At 31st January 2026

47,123

3,984

325

51,432

At 31st January 2025

62,830

4,687

433

67,950

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

£

COST

At 1st February 2025

and 31st January 2026

81,184

DEPRECIATION

At 1st February 2025

61,919

Charge for year

3,713

At 31st January 2026

65,632

NET BOOK VALUE

At 31st January 2026

15,552

At 31st January 2025

19,265

5.

STOCKS

2026

2025

£

£

Stocks

25,000

12,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,545

81,673

Other debtors

110,346

118,949

Masters Outdoor Leisure Loan

-

16,827

Directors' current accounts

-

8,982

111,891

226,431

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

179

617

Trade creditors

90,562

113,840

Corporation tax

54,324

42,692

Social security and other taxes

3,676

11,412

VAT

85,034

13,016

Other creditors

46,860

119,719

Pension Control Account

320

-

Directors' current accounts

37,085

-

Accrued expenses

2,603

3,408

320,643

304,704

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

9,772

16,988

Deferred

tax

£

Balance at 1st February 2025

16,988

Credit to Income Statement during year

(7,216

)

Balance at 31st January 2026

9,772

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

4

Ordinary

£1

4

4

1

Ordinary A

£1

1

-

1

Ordinary B

£1

1

-

1

Ordinary C

£1

1

-

1

Ordinary D

£1

1

-

8

4

The following shares were issued during the year for cash at par :

1 Ordinary A share of £1

1 Ordinary B share of £1

1 Ordinary C share of £1

1 Ordinary D share of £1

10.

RESERVES

Retained

earnings

£

At 1st February 2025

32

Profit for the year

37,111

Dividends

(119,000

)

At 31st January 2026

(81,857

)

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2026

2025

£

£

J Masters

Balance outstanding at start of year

8,982

-

Amounts advanced

13,933

8,982

Amounts repaid

(22,915

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

8,982

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 were paid to the director .

At the balance sheet date Mr R Masters, a shareholder of the business, had made a loan to the company totalling £34,331 to help finance a machinery purchase. This loan is repayable on demand and no interest is being charged.